Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii
HIAGRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.00
Year-over-Year Change
11.81%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii measures the inflation-adjusted output of these economic activities in the state.
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 index reflects the real production value of the agriculture, forestry, fishing, and hunting sectors in Hawaii, providing insights into the overall health and productivity of these industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index method.
Historical Context
Policymakers and economists monitor this trend to assess the state's economic diversification and resilience.
Key Facts
- Hawaii's agriculture, forestry, fishing, and hunting sector accounts for over 1% of the state's GDP.
- This index has increased by 15% over the past decade, indicating growth in these industries.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of Hawaii's agriculture, forestry, fishing, and hunting sectors, providing insight into the productivity and growth of these industries.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and industry stakeholders as it provides valuable insights into the performance and contribution of Hawaii's natural resource-based industries to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state's economic diversification and the overall health and productivity of Hawaii's agriculture, forestry, fishing, and hunting sectors, which are important for the state's economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Hawaii (HIAGRQGSP), retrieved from FRED.