Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Hawaii
HIFRSTFISHQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.35
Year-over-Year Change
30.79%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Hawaii measures the volume of output in this economic sector. It provides insight into the productivity and growth trends of a key component of Hawaii's economy.
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 quantity of goods and services produced by the forestry, fishing, and related activities sector in Hawaii. It is a valuable indicator of the health and performance of this industry, which is an important contributor to the state's overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This index is used by policymakers, analysts, and businesses to monitor and assess economic conditions in Hawaii.
Key Facts
- The index has a base year of 2012 = 100.
- The forestry, fishing, and related activities sector accounts for a small but important part of Hawaii's GDP.
- This index provides a timely gauge of activity in this industry.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced by the forestry, fishing, and related activities sector in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the productivity and growth trends of a key component of Hawaii's economy, which is valuable information for policymakers, businesses, and economic analysts.
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 methodology.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, analysts, and businesses to monitor and assess economic conditions in Hawaii.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the latest data, and the index may not capture all aspects of the forestry, fishing, and related activities sector in Hawaii.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Hawaii (HIFRSTFISHQGSP), retrieved from FRED.