Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Hawaii
Quarterly, Seasonally Adjusted
HIOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.04
Year-over-Year Change
-6.77%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the revenue generated by the Accommodation and Food Services industry in the United States. This metric is a key indicator of consumer spending and economic activity.
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 Quarterly, Seasonally Adjusted series provides a comprehensive view of the revenue trends in the Accommodation and Food Services sector, which includes hotels, restaurants, and other hospitality businesses. This data is widely used by economists and policymakers to assess the health of the consumer economy.
Methodology
The data is collected through surveys of businesses in the Accommodation and Food Services industry and adjusted for seasonal variations.
Historical Context
This metric is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The Accommodation and Food Services industry accounts for over 10% of U.S. GDP.
- This sector employs more than 15 million workers nationwide.
- Quarterly revenue typically peaks during the summer travel season.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total revenue generated by the Accommodation and Food Services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer spending and economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the Accommodation and Food Services industry and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted series is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HIOTHSERVEQQGSP), retrieved from FRED.