Chain-Type Quantity Index for Real GDP: Educational Services (61) in Hawaii
HIEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.85
Year-over-Year Change
-6.08%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Hawaii measures the volume of economic output in the educational services sector of Hawaii's economy. This metric is important for economists and policymakers to track trends in a key 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
This index provides a measure of the real, inflation-adjusted quantity of goods and services produced in the educational services sector of Hawaii's economy. It is a useful indicator of activity and productivity in this important industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Policymakers and analysts use this index to assess the economic health and competitiveness of Hawaii's educational services sector.
Key Facts
- Hawaii's educational services sector makes up about 4% of the state's total GDP.
- The index uses 2012 as the base year for calculating real economic output.
- Educational services is one of 22 industry sectors included in Hawaii's GDP calculations.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced in the educational services sector of Hawaii's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and productivity of a key industry in Hawaii, which is useful for policymakers and economists.
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 methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and competitiveness of Hawaii's educational services sector, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Hawaii (HIEDCATQGSP), retrieved from FRED.