Real Gross Domestic Product: Waste Management and Remediation Services (562) in Hawaii
HIWASTERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
270.30
Year-over-Year Change
13.91%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Waste Management and Remediation Services (562) in Hawaii measures the economic output of the waste management and remediation industry in the state. This trend is important for economists and policymakers to understand the health and performance of this key 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, inflation-adjusted GDP contribution of the waste management and remediation services industry (NAICS 562) in the state of Hawaii. It provides insight into the overall economic activity and productivity of this essential service industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP information.
Historical Context
Trends in this series are closely watched by policymakers and industry analysts to gauge the state of Hawaii's waste management infrastructure and environmental services sector.
Key Facts
- Hawaii's waste management GDP accounts for 1.1% of the state's total economic output.
- The waste management industry employs over 5,000 workers in Hawaii.
- Hawaii's waste management GDP has grown by 8.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) contribution of the waste management and remediation services industry (NAICS 562) in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall economic health and productivity of Hawaii's waste management and environmental services sector, which is a critical part of the state's infrastructure and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP information.
Q: How is this trend used in economic policy?
A: Trends in this series are closely monitored by policymakers and industry analysts to gauge the state of Hawaii's waste management infrastructure and environmental services sector, which informs policy decisions and investments.
Q: Are there update delays or limitations?
A: There is typically a 1-2 quarter delay in the release of this data by the U.S. Bureau of Economic Analysis.
Related Trends
State Government Tax Collections, Individual Income Taxes in Hawaii
HIINCTAX
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii
HIPCEFCENPISH
Residential Carbon Dioxide Emissions, Natural Gas (Pipeline) for Hawaii
EMISSCO2VNGRCBHIA
State Tax Collections: T13 Motor Fuels Sales Tax for Hawaii
QTAXT13QTAXCAT3HINO
Forestry, Fishing, Related Activities, and Other Earnings in Hawaii
HIEFOR
Coefficient for Commercial Carbon Dioxide Emissions, Distillate Fuel for Hawaii
EMISSCO2CDFCCBHIA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Waste Management and Remediation Services (562) in Hawaii (HIWASTERGSP), retrieved from FRED.