Real Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii
Annual, Not Seasonally Adjusted
HITRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,755.60
Year-over-Year Change
22.35%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the real gross state product (GSP) originating in the transportation and warehousing sector. This metric provides insights into the economic performance and productivity of this critical industry.
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 sector includes industries related to the movement of people and goods, such as air, rail, water, and truck transportation, as well as warehousing and storage. This series tracks the real (inflation-adjusted) value added by this sector to the overall state economy.
Methodology
The Bureau of Economic Analysis collects and calculates this data based on surveys and economic modeling.
Historical Context
Policymakers and market analysts use this metric to assess the health and growth trends of the transportation and logistics industry.
Key Facts
- The transportation and warehousing sector accounts for around 4% of total U.S. GDP.
- This series is released annually with a 1-year lag.
- Strong performance in this sector is often linked to increased trade and commercial activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross state product (GSP) originating in the transportation and warehousing sector, providing insights into the economic productivity and performance of this industry.
Q: Why is this trend relevant for users or analysts?
A: The transportation and warehousing sector is a critical component of the economy, enabling the movement of goods and people. This metric is useful for assessing the health and growth trends of this industry.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis collects and calculates this data based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to evaluate the performance and growth of the transportation and logistics industry, which has implications for trade, commerce, and broader economic activity.
Q: Are there update delays or limitations?
A: This series is released annually with a 1-year lag, so the most recent data may not reflect the current economic conditions.
Related Trends
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Value-Added Output for Private Nonfarm in Hawaii
IPUZNT300150000
All Employees: Retail Trade: Food and Beverage Retailers in Hawaii
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (HITRANSWARERGSP), retrieved from FRED.