Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Hawaii
HIAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.18
Year-over-Year Change
37.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Hawaii measures the output volume of the air transportation sector in the state's economy. This trend is a key indicator of economic activity and performance in Hawaii's tourism-dependent 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 Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Hawaii tracks the real, inflation-adjusted volume of goods and services produced by the air transportation industry in the state. It is a useful metric for economists and policymakers to gauge the health and direction of this critical sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
This economic trend is closely monitored by Hawaii's government, tourism board, and business leaders to understand air travel demand and the broader economic climate.
Key Facts
- The air transportation industry accounts for over 10% of Hawaii's GDP.
- The index uses 2012 as the base year with a value of 100.
- Air travel to Hawaii hit record highs in 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Hawaii measures the real, inflation-adjusted output volume of the air transportation sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and performance in Hawaii's tourism-dependent industry, providing insights into air travel demand and the broader economic climate.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by Hawaii's government, tourism board, and business leaders to understand air travel demand and the broader economic climate.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with potential for minor delays or revisions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Hawaii (HIAIRTRANQGSP), retrieved from FRED.