Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii
HINDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,544.80
Year-over-Year Change
51.51%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the nondurable goods manufacturing sector in Hawaii. It provides valuable insights into the productivity and performance of a key component of 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 Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii series tracks the economic output of industries like food, beverage, textile, apparel, paper, and chemical manufacturing within the state. This data is used by economists and policymakers to analyze the health and competitiveness of Hawaii's manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding Hawaii's industrial base and informing economic development strategies.
Key Facts
- Hawaii's nondurable manufacturing GDP was $3.2 billion in 2021.
- This sector accounts for 2.1% of Hawaii's total GDP.
- Food and beverage manufacturing is the largest nondurable sub-sector in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the nondurable goods manufacturing sector in Hawaii, including industries like food, beverage, textile, and chemical production.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the productivity and performance of a key component of Hawaii's economy, which is useful for economic analysis and policy decisions.
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: This trend is relevant for understanding Hawaii's industrial base and informing economic development strategies at the state and local level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Hawaii (HINDURMANNGSP), retrieved from FRED.