Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Hawaii
HITRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,282.30
Year-over-Year Change
2.38%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) of the transportation and utilities sectors in Hawaii. It is an important indicator of the state's economic activity and infrastructure 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
The Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Hawaii represents the inflation-adjusted value added by the transportation and utilities industries to the state's overall economic output. This metric is used by economists and policymakers to assess the productivity and efficiency of Hawaii's critical infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP measurements.
Historical Context
Trends in this series can inform infrastructure investment decisions and provide insight into the broader performance of Hawaii's economy.
Key Facts
- Hawaii's transportation and utilities sectors account for over 10% of the state's GDP.
- This series has seen steady growth since the early 2000s, reflecting infrastructure investment.
- Real GDP in these sectors declined during the 2008-2009 recession but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the transportation and utilities sectors in Hawaii, providing insight into the productivity and performance of the state's critical infrastructure.
Q: Why is this trend relevant for users or analysts?
A: Trends in this series are important for understanding Hawaii's economic performance and can inform infrastructure investment decisions by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP measurements.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess the efficiency and productivity of Hawaii's transportation and utilities sectors, which are crucial for the state's overall economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Hawaii (HITRANSUTILRGSP), retrieved from FRED.