Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii
HIFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.41
Year-over-Year Change
-87.54%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii measures the inflation-adjusted output of the financial services sector in Hawaii.
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 tracks the real (inflation-adjusted) output of the financial services industry in Hawaii, which includes investment funds, trusts, and other financial vehicles. It provides insight into the growth and productivity of this key economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index.
Historical Context
This trend is used by economists and policymakers to assess the performance of Hawaii's financial services industry and its contribution to the overall state economy.
Key Facts
- Hawaii's financial services industry accounts for a significant share of the state's GDP.
- The Chain-Type Quantity Index tracks real output growth in this sector.
- Financial services play a key role in Hawaii's economy and economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the financial services sector in Hawaii, including investment funds, trusts, and other financial vehicles.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the growth and productivity of Hawaii's financial services industry, which is a crucial component of the state's economy.
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.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the performance of Hawaii's financial services sector and its contribution to the overall state economy.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations inherent in the data collection and calculation process, as with any economic indicator.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii (HIFNDTRSTQGSP), retrieved from FRED.