Per Capita Personal Consumption Expenditures: Goods for Hawaii
HIPCEPCG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,066.00
Year-over-Year Change
53.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Per Capita Personal Consumption Expenditures: Goods for Hawaii' trend measures household spending on goods in Hawaii. It provides insights into the state's consumer demand and economic health.
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
This economic indicator tracks the average amount spent per person on goods in Hawaii, including durable and non-durable purchases. It is a key metric used by economists and policymakers to assess consumer behavior and the overall standard of living in the state.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Historical Context
The trend is widely referenced by analysts evaluating Hawaii's economy and consumer markets.
Key Facts
- Hawaii's per capita goods spending reached a record high of $13,763 in 2021.
- Goods expenditures account for around 40% of total personal consumption in Hawaii.
- The trend experienced significant volatility during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Per Capita Personal Consumption Expenditures: Goods for Hawaii' metric tracks the average amount spent per person on goods, including durable and non-durable purchases, within the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into consumer demand and the overall standard of living in Hawaii, making it a key metric for economists, policymakers, and market analysts evaluating the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The 'Per Capita Personal Consumption Expenditures: Goods for Hawaii' trend is widely referenced by analysts and policymakers assessing consumer behavior, market conditions, and the overall economic performance of the state.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months before the latest figures are published.
Related Trends
All Employees: Education and Health Services: Private Education and Health Services in Hawaii
HIEDUH
Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Hawaii
HIMOTPICSNDQGSP
All Employees: Retail Trade: Department Stores in Hawaii
SMU15000004245510001
Gross Domestic Product: State and Local in Hawaii
HIGOVSLNGSP
Production or Nonsupervisory Employees: Manufacturing in Hawaii
SMU15000003000000006A
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Hawaii
HIRERENTLEAQQGSP
Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Goods for Hawaii (HIPCEPCG), retrieved from FRED.