Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Hawaii
HINMMPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.60
Year-over-Year Change
-9.86%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in Hawaii. It provides insights into the performance and growth of this key manufacturing sector 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 Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Hawaii series tracks the inflation-adjusted value added by this industry, offering a gauge of its productivity and competitiveness. Economists and policymakers analyze this data to understand Hawaii's manufacturing landscape and economic diversification.
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 composition and informing economic development strategies.
Key Facts
- Hawaii's nonmetallic mineral product manufacturing industry accounts for a small but significant portion of the state's GDP.
- This sector has experienced modest growth in recent years, reflecting broader economic trends in Hawaii.
- Policymakers monitor this metric to gauge the competitiveness of Hawaii's manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the nonmetallic mineral product manufacturing industry in Hawaii, providing insights into the productivity and performance of this key manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to understand Hawaii's industrial composition and economic diversification, informing policy decisions and development strategies.
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 used by policymakers to gauge the competitiveness and growth of Hawaii's manufacturing base, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update delays of a few months.
Related Trends
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Hawaii
SMU15000004000000011
State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Hawaii
HIFUELTAX
Initial Claims in Hawaii
HIICLAIMS
Average Weekly Earnings of All Employees: Professional and Business Services in Hawaii
SMU15000006000000011
Housing Inventory: Median Listing Price per Square Feet in Hawaii
MEDLISPRIPERSQUFEEHI
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Hawaii
HISECCOMINVNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Hawaii (HINMMPMANRGSP), retrieved from FRED.