Real Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii
HIMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,349.90
Year-over-Year Change
55.99%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises sector in Hawaii. It provides important insights into the productivity and performance of this key industry within the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The real GDP for the management of companies and enterprises sector in Hawaii reflects the total economic output of businesses engaged in managing other companies and enterprises, such as holding companies and corporate, subsidiary, and regional managing offices. This metric is a valuable indicator of the overall health and growth of this industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists monitor this trend to better understand the economic conditions and trends within Hawaii's business services sector.
Key Facts
- Hawaii's management of companies and enterprises sector accounts for over 5% of the state's total GDP.
- This industry has experienced steady growth over the past decade, outpacing the overall state economy.
- The sector employs over 25,000 workers in Hawaii, making it a significant employer in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the management of companies and enterprises sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the productivity and performance of a key industry within Hawaii's economy, which is important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to better understand the economic conditions and trends within Hawaii's business services sector, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii (HIMNGCOENTPRRGSP), retrieved from FRED.