Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Hawaii
HIWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.91
Year-over-Year Change
-3.12%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Hawaii measures the real output of the water transportation industry in Hawaii. This trend is a key indicator of economic activity and productivity in the state's maritime 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
The Chain-Type Quantity Index tracks the real volume of water transportation services produced in Hawaii, adjusted for inflation. It serves as an important gauge of the state's shipping, port, and maritime commerce industries, which are vital components of the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level output measures.
Historical Context
Policymakers and analysts monitor this trend to assess the health and competitiveness of Hawaii's maritime transportation infrastructure and logistics.
Key Facts
- Hawaii's water transportation industry accounts for over 6% of the state's GDP.
- The index has shown steady growth since the 2008-2009 recession.
- Honolulu is a major Pacific trade hub, handling over 10 million tons of cargo annually.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Hawaii measures the real output or production volume of the state's maritime transportation industry, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity and productivity in Hawaii's vital shipping, port, and logistics sectors, which are crucial components of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level output measures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health and competitiveness of Hawaii's maritime transportation infrastructure and logistics, which are crucial to the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Hawaii (HIWATTRANQGSP), retrieved from FRED.