Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Hawaii
HIMVEHMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201.19
Year-over-Year Change
-56.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This index measures the quantity of real GDP from the motor vehicles, bodies and trailers, and parts manufacturing industry in Hawaii. It provides insight into the performance and growth of this key economic sector.
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 Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Hawaii is a metric that tracks the volume of output from this industry over time, adjusting for price changes. It is used to analyze the productivity and competitiveness of Hawaii's automobile manufacturing sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This index is valuable for policymakers and industry analysts monitoring the health of Hawaii's manufacturing economy.
Key Facts
- Hawaii's motor vehicle manufacturing accounts for over 5% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- Automobile production is a key driver of Hawaii's industrial economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the quantity of real GDP, or inflation-adjusted economic output, from the motor vehicles, bodies and trailers, and parts manufacturing industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and growth of a critical sector of Hawaii's manufacturing economy, allowing analysts and policymakers to monitor productivity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to assess the health and development of Hawaii's manufacturing industry, which is a key driver of the state's overall economic output.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Hawaii (HIMVEHMANQGSP), retrieved from FRED.