Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Hawaii
HISECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.40
Year-over-Year Change
66.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) sector in Hawaii. It provides insight into the performance and significance of the financial services industry in 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 GDP of the securities, commodity contracts, and other financial investments and related activities sector represents the total value of goods and services produced by businesses in this industry within Hawaii. It is a key indicator of the financial services sector's contribution to the state's overall economic output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its GDP by industry estimates.
Historical Context
This trend is useful for policymakers, economists, and investors to assess the role of the financial services industry in Hawaii's economy and how it compares to other states.
Key Facts
- Hawaii's financial services sector accounted for 6.4% of its total GDP in 2021.
- This industry has grown at an average annual rate of 3.2% in Hawaii over the past decade.
- The securities and investments subsector makes up the largest share of Hawaii's financial services GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and significance of the financial services industry in Hawaii's economy, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers, economists, and investors to assess the role of the financial services industry in Hawaii's economy and how it compares to other states.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Hawaii (HISECCOMINVNGSP), retrieved from FRED.