Gross Domestic Product: Wholesale Trade (42) in Hawaii
HIWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,446.90
Year-over-Year Change
47.70%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in Hawaii series measures the economic output of the wholesale trade sector in the state of Hawaii. This metric is important for understanding Hawaii's overall economic performance and the role of the wholesale 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 Gross Domestic Product: Wholesale Trade (42) in Hawaii series tracks the inflation-adjusted value added by the wholesale trade sector to Hawaii's GDP. Economists and policymakers use this data to analyze the strength and trends within Hawaii's wholesale industry and its contribution to the state's economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
Tracking the GDP of Hawaii's wholesale trade sector provides important insights for businesses, investors, and policymakers assessing the state's economic conditions and outlook.
Key Facts
- Hawaii's wholesale trade sector accounts for approximately 10% of the state's GDP.
- The wholesale trade industry in Hawaii employs over 30,000 workers.
- Wholesale trade GDP in Hawaii has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Hawaii series measures the inflation-adjusted value added by the wholesale trade sector to Hawaii's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and performance of Hawaii's wholesale industry, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: Tracking Hawaii's wholesale trade GDP helps businesses, investors, and policymakers assess the state's economic conditions and outlook.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Hawaii (HIWHOLENGSP), retrieved from FRED.