Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Hawaii
HITRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.66
Year-over-Year Change
2.38%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Hawaii measures the real output of the transportation and utilities sectors in the state's economy. This indicator is important for economists and policymakers to assess economic performance and trends in key industries.
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 index provides a comprehensive measure of the real, inflation-adjusted output of the transportation and utilities sectors in Hawaii's economy. It is a useful indicator for analyzing economic growth, productivity, and structural changes within these crucial industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
Policymakers and analysts use this index to monitor the health and development of Hawaii's transportation and utilities infrastructure and its impact on the broader state economy.
Key Facts
- Hawaii's transportation and utilities sectors account for over 10% of the state's real GDP.
- This index has shown steady growth averaging 2.5% annually over the past decade.
- The index is an important input for forecasting economic activity and investment in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the transportation and utilities sectors in Hawaii's economy.
Q: Why is this trend relevant for users or analysts?
A: The index is an important indicator for assessing the performance and development of key infrastructure industries in Hawaii, which are crucial for the state's economic growth 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 using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the health and development of Hawaii's transportation and utilities infrastructure and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Hawaii (HITRANSUTILQGSP), retrieved from FRED.