Gross Domestic Product: Transportation and Utilities (22, 48-49) in Hawaii
HITRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,829.70
Year-over-Year Change
43.40%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) of the Transportation and Utilities sector in the state of Hawaii. It provides insight into the performance and contribution of this important industry to the state's overall economic activity.
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 Transportation and Utilities sector in Hawaii includes industries such as air transportation, water transportation, truck transportation, pipeline transportation, and utilities like electricity, gas, and water supply. This data is a key indicator of the health and productivity of these essential infrastructure and service industries within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and regions.
Historical Context
Policymakers and economists use this trend to assess the economic conditions and growth potential of Hawaii's transportation and utility industries.
Key Facts
- Hawaii's Transportation and Utilities sector accounts for approximately 6% of the state's total GDP.
- This sector has experienced steady growth in recent years, reflecting investments in infrastructure and increasing demand for transportation and utility services.
- The Transportation and Utilities industry is a major employer in Hawaii, providing jobs in areas like aviation, maritime shipping, and public utilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the Transportation and Utilities sector in the state of Hawaii, providing insights into the performance and contribution of these industries to the state's overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and analysts as it provides valuable information on the health and growth potential of Hawaii's critical transportation and utility infrastructure, which are essential for the state's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and regions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the economic conditions and growth potential of Hawaii's transportation and utility industries, which inform decisions on infrastructure investments, regulatory policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may have a slight delay in reporting compared to more immediate economic indicators.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Hawaii (HITRANSUTILNGSP), retrieved from FRED.