Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Hawaii
HITRANSWAREQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.27
Year-over-Year Change
-4.99%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Hawaii measures the real output of the transportation and warehousing sector in the state's economy. This trend is an important indicator of economic activity and supply chain dynamics.
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 tracks the volume of goods and services produced by the transportation and warehousing industry in Hawaii, adjusting for price changes. It provides insights into the state's logistics and distribution sectors, which are crucial for supporting overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantities.
Historical Context
Policymakers and economists use this index to assess the health and performance of Hawaii's transportation infrastructure and supply chain networks.
Key Facts
- The index is based on 2012 as the reference year.
- Hawaii's transportation and warehousing sector accounts for about 6% of the state's total GDP.
- The index has shown steady growth over the past decade, reflecting the importance of logistics in Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output, or volume of goods and services produced, by the transportation and warehousing industry in Hawaii, adjusting for price changes.
Q: Why is this trend relevant for users or analysts?
A: The transportation and warehousing sector is a crucial component of Hawaii's economy, supporting the movement of goods and materials. This index provides insight into the performance and growth of this industry, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted quantities to track the real output of the transportation and warehousing industry in Hawaii.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health and performance of Hawaii's transportation infrastructure and supply chain networks, which are critical for supporting overall economic growth and development in the state.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Hawaii (HITRANSWAREQQGSP), retrieved from FRED.