Gross Domestic Product: Wholesale Trade (42) in Hawaii
HIWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,536.20
Year-over-Year Change
11.09%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) for the wholesale trade sector in Hawaii. It provides insights into the performance and contribution of this key industry to the state's overall economic activity.
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 trend represents the total value of goods and services produced by the wholesale trade sector in the state. It is a crucial indicator for understanding the state's economic structure, competitiveness, and growth drivers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health and trajectory of Hawaii's economy.
Key Facts
- Hawaii's wholesale trade sector accounts for approximately 10% of the state's GDP.
- The wholesale trade industry in Hawaii employs over 25,000 people.
- Wholesale trade GDP in Hawaii has grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the wholesale trade sector in the state of Hawaii, providing insights into the performance and contribution of this key industry.
Q: Why is this trend relevant for users or analysts?
A: The Gross Domestic Product: Wholesale Trade (42) in Hawaii trend is a crucial indicator for understanding the state's economic structure, competitiveness, and growth drivers, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess the health and trajectory of Hawaii's economy, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Hawaii (HIWHOLENQGSP), retrieved from FRED.