Per Capita Personal Income in Hawaii
HIPCPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,520.00
Year-over-Year Change
59.73%
Date Range
1/1/1950 - 1/1/2024
Summary
The Per Capita Personal Income in Hawaii metric measures the average personal income per person in the state of Hawaii. It is an important economic indicator used by policymakers and analysts to assess the financial well-being of Hawaii's population.
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
Per Capita Personal Income represents the total personal income in Hawaii divided by the state's total population. It provides insight into the typical standard of living and economic conditions in the state, which is valuable for evaluating policy decisions and economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Historical Context
This metric helps inform policy discussions around economic development, tax policy, and social programs in Hawaii.
Key Facts
- Hawaii has one of the highest per capita personal incomes in the United States.
- Per capita personal income in Hawaii has grown steadily over the past decade.
- The state's high cost of living is a key factor in its per capita personal income levels.
FAQs
Q: What does this economic trend measure?
A: The Per Capita Personal Income in Hawaii metric measures the average personal income per person in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the typical standard of living and economic conditions in Hawaii, which is valuable for evaluating policy decisions and economic performance in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using personal income and population statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform policy discussions around economic development, tax policy, and social programs in Hawaii.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Per Capita Personal Income in Hawaii (HIPCPI), retrieved from FRED.