Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii
HIFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
-87.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Hawaii. It is an important indicator of the health and activity of Hawaii's financial services 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: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii metric tracks the inflation-adjusted economic output of this key industry in the state. It is used by economists and policymakers to assess the performance and contributions of Hawaii's financial services ecosystem.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend provides insight into the role of financial services in Hawaii's economy and can inform policy decisions related to the state's economic development.
Key Facts
- Hawaii's financial services sector accounts for over 5% of the state's GDP.
- The real GDP of Hawaii's funds, trusts, and financial vehicles has grown by 20% in the past decade.
- Financial services is one of the fastest-growing industries in Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and economic contributions of Hawaii's financial services sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to the development and regulation of Hawaii's financial services industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii (HIFNDTRSTRGSP), retrieved from FRED.