Gross Domestic Product: Support Activities for Mining (213) in Hawaii
HISAMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
120.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Support Activities for Mining (213) in Hawaii trend measures the economic output of the mining support services industry in the state. This metric is important for understanding the role of the mining sector in Hawaii's overall economic performance.
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 series represents the gross domestic product originating from the mining support activities industry (NAICS 213) in the state of Hawaii. It provides insight into the economic contribution and health of this specific industry within the state's broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is useful for policymakers, economists, and industry analysts to assess the importance of the mining support services sector in Hawaii's economic landscape.
Key Facts
- Hawaii's mining support services industry accounts for a small but significant portion of the state's GDP.
- The trend has shown modest fluctuations over the past decade, reflecting changes in the broader mining sector.
- Monitoring this metric helps policymakers understand the economic importance of the mining industry in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product originating from the mining support activities industry (NAICS 213) in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic contribution and performance of the mining support services sector in Hawaii, which is important for understanding the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the importance of the mining support services sector in Hawaii's economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates, and the trend may not capture all nuances of the mining support services industry in Hawaii.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Support Activities for Mining (213) in Hawaii (HISAMINNGSP), retrieved from FRED.