Gross Domestic Product: Truck Transportation (484) in Hawaii
HITRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
456.50
Year-over-Year Change
84.52%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in Hawaii is an economic indicator that measures the contribution of the truck transportation industry to the state's overall economic output.
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 metric represents the value added by the truck transportation sector to Hawaii's gross domestic product. It provides insight into the productivity and importance of the trucking industry within the state's economy.
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
Policymakers and economists use this trend to analyze the transportation infrastructure and logistics capabilities of Hawaii.
Key Facts
- Hawaii's truck transportation GDP has grown by over 20% in the past decade.
- Trucking accounts for approximately 3% of Hawaii's total economic output.
- The truck transportation industry employs over 10,000 people in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the truck transportation industry to Hawaii's gross domestic product, providing insight into the productivity and importance of the trucking sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and transportation analysts to assess the state of Hawaii's logistics capabilities and infrastructure, as well as the overall economic impact of the trucking industry.
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: Policymakers and economists use this trend to analyze the transportation infrastructure and logistics capabilities of Hawaii, which informs decisions related to infrastructure investment, industry regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and revisions of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or minor adjustments to previously published figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in Hawaii (HITRUCKTRANNGSP), retrieved from FRED.