Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Hawaii
HIOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
981.10
Year-over-Year Change
29.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the other transportation and support activities industry in Hawaii. It provides insight into the performance and growth of this key service 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 other transportation and support activities industry includes activities such as air transportation, rail transportation, and transportation support services. This metric is important for understanding the overall economic health and productivity of Hawaii's transportation infrastructure and logistics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This economic indicator is used by policymakers, analysts, and businesses to monitor the state of Hawaii's transportation and logistics sector.
Key Facts
- Hawaii's other transportation and support activities industry accounts for over 5% of the state's GDP.
- This sector has seen steady growth over the past decade, reflecting the importance of transportation and logistics to Hawaii's economy.
- The COVID-19 pandemic significantly impacted this industry, with a sharp decline in 2020 before a gradual recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other transportation and support activities industry in Hawaii, which includes air, rail, and other transportation services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of Hawaii's transportation and logistics sector, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this indicator to monitor the state of Hawaii's transportation and logistics industry, which informs decisions and policies related to infrastructure, investment, and economic development.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is produced by the BEA. Additionally, the data may be subject to revisions over time as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Hawaii (HIOTHTRANRGSP), retrieved from FRED.