Real Personal Income: Metropolitan Portion for Hawaii
HIMPRPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,189,583.00
Year-over-Year Change
22.75%
Date Range
1/1/2008 - 1/1/2023
Summary
The 'Real Personal Income: Metropolitan Portion for Hawaii' metric measures inflation-adjusted personal income for the metropolitan areas of Hawaii. This data provides insights into the economic well-being and purchasing power of Hawaii's urban population.
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
This series represents the real (inflation-adjusted) personal income of residents in the metropolitan areas of Hawaii. It is a useful indicator of the overall economic conditions and standard of living in the state's urban centers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is widely tracked by economists, policymakers, and investors to gauge Hawaii's economic performance and consumer demand.
Key Facts
- Hawaii's metropolitan real personal income reached a record high in 2021.
- This metric has grown at an average annual rate of 2.5% over the past decade.
- Real personal income in Hawaii's metro areas is approximately 15% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Real Personal Income: Metropolitan Portion for Hawaii' metric measures inflation-adjusted personal income for the metropolitan areas of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic well-being and purchasing power of Hawaii's urban population, which is crucial for understanding the state's overall economic conditions and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is widely tracked by economists, policymakers, and investors to gauge Hawaii's economic performance and consumer spending patterns, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal update delays. However, there may be revisions to historical data as more information becomes available.
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Per Capita Personal Income in Hawaii
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Citation
U.S. Federal Reserve, Real Personal Income: Metropolitan Portion for Hawaii (HIMPRPI), retrieved from FRED.