Chain-Type Quantity Index for Real GDP: Utilities (22) in Hawaii
HIUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.11
Year-over-Year Change
-27.94%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Hawaii measures the real output of the utilities sector in the state's economy. This trend is important for economists and policymakers to understand the overall health and performance of Hawaii's utilities 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 Chain-Type Quantity Index for Real GDP: Utilities (22) in Hawaii tracks the real, inflation-adjusted output of the utilities sector, which includes electricity, natural gas, and water supply activities. This index is a key indicator of productivity and economic activity in this important infrastructure industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Utility industry performance is closely monitored by policymakers and market analysts for its impacts on consumer prices, business costs, and overall economic competitiveness.
Key Facts
- The utilities sector accounts for around 2% of Hawaii's GDP.
- Hawaii's utilities index has increased by 15% over the past decade.
- Utility costs are a significant factor in the state's high cost of living.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Hawaii measures the real, inflation-adjusted output of the utilities sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of productivity and economic activity in Hawaii's utilities industry, which has significant impacts on consumer prices, business costs, and overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Utility industry performance is closely monitored by policymakers and market analysts for its impacts on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve with typical release delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Hawaii (HIUTILQGSP), retrieved from FRED.