Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii
HITRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,721.80
Year-over-Year Change
6.95%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the transportation and warehousing sector in Hawaii. It provides insights into the performance and growth of this critical infrastructure industry in the state.
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 warehousing GDP trend represents the total economic output of activities related to the movement of goods and people, including air, rail, water, and road transportation, as well as warehousing and storage. This data is used by economists and policymakers to analyze the health and competitiveness of Hawaii's logistics and supply chain capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in transportation and warehousing GDP are closely monitored by businesses, investors, and government agencies to inform infrastructure planning, economic development strategies, and trade policies.
Key Facts
- Hawaii's transportation and warehousing GDP was $5.4 billion in 2020.
- This sector accounts for approximately 5% of Hawaii's total economic output.
- The transportation and warehousing GDP in Hawaii has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the transportation and warehousing sector in the state of Hawaii, which includes activities related to the movement of goods and people.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of a critical infrastructure industry in Hawaii, which is important for understanding the state's overall economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in transportation and warehousing GDP are closely monitored by businesses, investors, and government agencies to inform infrastructure planning, economic development strategies, and trade policies.
Q: Are there update delays or limitations?
A: There may be update delays of several months, as this data is based on comprehensive economic surveys and analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii (HITRANSWARENQGSP), retrieved from FRED.