Gross Domestic Product: Warehousing and Storage (493) in Hawaii
HIWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.10
Year-over-Year Change
52.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Warehousing and Storage (493) in Hawaii' trend measures the economic output of the warehousing and storage industry in the state of Hawaii. This data provides insights into a key logistics sector that supports the broader Hawaiian 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
This series tracks the total inflation-adjusted gross domestic product (real GDP) generated by the warehousing and storage industry, which includes activities such as general warehousing, refrigerated warehousing, and farm product warehousing. The data can be used to analyze the performance and trends within this important economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Hawaii's logistics infrastructure and support industries.
Key Facts
- Hawaii's warehousing and storage sector accounts for approximately 1% of the state's total GDP.
- This industry has experienced steady growth of around 3% annually over the past decade.
- The warehousing and storage sector is a key enabler of Hawaii's import-dependent economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the warehousing and storage industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of a critical logistics sector that supports Hawaii's broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and development of Hawaii's logistics infrastructure and support industries.
Q: Are there update delays or limitations?
A: The data is typically published with a 3-6 month delay, and may be subject to periodic revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in Hawaii (HIWARESTORNGSP), retrieved from FRED.