Real Gross Domestic Product: Warehousing and Storage (493) in Hawaii
HIWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
11.66%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Warehousing and Storage (493) in Hawaii measures the inflation-adjusted output of the warehousing and storage industry in the state. This metric is important for economists and policymakers to assess the performance and growth of a key logistics sector.
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 represents the real, price-adjusted value added by the warehousing and storage industry in Hawaii. It serves as an indicator of the overall economic activity and productivity within this specific industry, which is crucial for supply chain analysis and infrastructure planning.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Historical Context
Trends in this metric can inform economic and infrastructure policies related to trade, transportation, and logistics in Hawaii.
Key Facts
- Hawaii's warehousing and storage industry accounts for over 2% of the state's GDP.
- Warehousing and storage output has grown by 15% in Hawaii over the past decade.
- The sector employs over 5,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the warehousing and storage industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and growth of a key logistics sector in Hawaii's economy, which is crucial for supply chain analysis and infrastructure planning.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other sources.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and infrastructure policies related to trade, transportation, and logistics in Hawaii.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in Hawaii (HIWARESTORRGSP), retrieved from FRED.