Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Hawaii
HIAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
560.20
Year-over-Year Change
35.22%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in Hawaii. It provides insight into the economic performance and growth of this important sector.
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: Amusement, Gambling, and Recreation Industries (713) in Hawaii series tracks the inflation-adjusted output of businesses in this industry group, which includes establishments engaged in operating facilities or providing services for a variety of amusement, entertainment, and recreational activities.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Historical Context
Policymakers and industry analysts use this metric to assess the health and competitiveness of Hawaii's tourism-driven recreation economy.
Key Facts
- Hawaii's recreation sector accounts for over 10% of the state's GDP.
- Real GDP in this industry grew by 4.2% in 2021 after declining in 2020.
- The amusement and recreation industries are a major employer in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and growth of Hawaii's important tourism and recreation sector, which is a significant contributor to the state's overall GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and competitiveness of Hawaii's tourism-driven recreation economy, which is crucial for the state's economic development.
Q: Are there update delays or limitations?
A: This data is typically updated on a quarterly basis, with some potential for delays in availability.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Hawaii (HIAMUSERGSP), retrieved from FRED.