Real Gross Domestic Product: Wholesale Trade (42) in Hawaii
HIWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,353.60
Year-over-Year Change
-2.76%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Hawaii series measures the inflation-adjusted output of the wholesale trade industry in the state of Hawaii. This metric is closely watched by economists and policymakers to gauge the health of Hawaii's economy.
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 Real Gross Domestic Product: Wholesale Trade (42) in Hawaii series represents the real, or inflation-adjusted, value of goods and services produced by the wholesale trade industry in Hawaii. This data point is a key indicator of economic activity and productivity in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Historical Context
Trends in Hawaii's wholesale trade GDP are relevant for understanding the state's broader economic conditions and can inform policy decisions.
Key Facts
- Hawaii's wholesale trade GDP accounts for around 10% of the state's total economic output.
- The wholesale trade industry employs over 30,000 workers in Hawaii.
- Real 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 Real Gross Domestic Product: Wholesale Trade (42) in Hawaii series measures the inflation-adjusted output of the wholesale trade industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to gauge the health of Hawaii's economy, as the wholesale trade industry is a key driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other government sources.
Q: How is this trend used in economic policy?
A: Trends in Hawaii's wholesale trade GDP are relevant for understanding the state's broader economic conditions and can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag and may be subject to periodic revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Hawaii (HIWHOLERQGSP), retrieved from FRED.