Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii
HIFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
210.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Hawaii. It provides insight into the financial services sector's contribution to the state's overall economic activity.
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 GDP of funds, trusts, and other financial vehicles is an important indicator of the strength and growth of Hawaii's financial services industry. It helps economists and policymakers understand the role of this sector in the state's economy and track its performance over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Historical Context
This trend is used by investors, analysts, and policymakers to assess the health and competitiveness of Hawaii's financial services industry.
Key Facts
- Hawaii's financial services sector accounts for approximately 10% of the state's GDP.
- The GDP of funds, trusts, and other financial vehicles in Hawaii has grown by an average of 3% annually over the past decade.
- This trend is a key indicator of the diversification and resilience of Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the funds, trusts, and other financial vehicles sector in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and growth of Hawaii's financial services industry, which is a significant contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by investors, analysts, and policymakers to assess the health and competitiveness of Hawaii's financial services industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii (HIFNDTRSTNGSP), retrieved from FRED.