Real Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii
HITRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,609.60
Year-over-Year Change
-4.99%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real gross domestic product (GDP) of the transportation and warehousing sector in Hawaii. It provides insights into the economic performance and productivity of this critical industry within 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 Real Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii series tracks the inflation-adjusted output of businesses involved in transportation, logistics, and related services. This data point is a key indicator of economic activity and productivity within Hawaii's transportation and distribution networks.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Hawaii's transportation infrastructure and supply chain.
Key Facts
- Hawaii's transportation and warehousing sector accounts for over 5% of the state's total GDP.
- Real GDP in this sector has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 6.7% decline in transportation and warehousing GDP in Hawaii in 2020.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the transportation and warehousing industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic performance of a critical sector that supports Hawaii's logistics, supply chains, and overall economic activity.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Hawaii's transportation infrastructure and supply chain, which are vital to the state's economy.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Hawaii (HITRANSWARERQGSP), retrieved from FRED.