Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Hawaii
HITRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.31
Year-over-Year Change
3.68%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Hawaii measures the real, inflation-adjusted output of the truck transportation industry in the state. This metric is important for understanding the overall performance and productivity of Hawaii's economy.
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 Chain-Type Quantity Index tracks changes in the real, volume-based output of the truck transportation sector in Hawaii. It is a key indicator of the sector's contribution to the state's gross domestic product (GDP) and overall economic activity.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data from surveys and other sources.
Historical Context
Policymakers and analysts use this metric to assess the health and trends within Hawaii's transportation and logistics industries.
Key Facts
- The index uses 2012 as the base year.
- Hawaii's truck transportation sector accounts for over 3% of the state's GDP.
- The index has seen steady growth since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted output of the truck transportation industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: The truck transportation index is an important indicator of economic activity and productivity in Hawaii's logistics and transportation sectors.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data from surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trends within Hawaii's transportation and logistics industries, which are crucial to the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
Gross Domestic Product: Ambulatory Health Care Services (621) in Hawaii
HIAMBHCNGSP
Home Vacancy Rate for Hawaii
HIHVAC
All Employees: Transportation and Utilities: Transportation and Warehousing in Hawaii
SMU15000004340008901SA
Value of Exports to Greece from Hawaii
HIGRCA052SCEN
All Employees: Government: Federal Government in Hawaii
SMU15000009091000001
Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Hawaii
HIFRBCIQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Hawaii (HITRUCKTRANQGSP), retrieved from FRED.