Gross Domestic Product: Federal Civilian in Hawaii
HIGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,355.90
Year-over-Year Change
54.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Federal Civilian in Hawaii' trend measures the economic output attributable to federal civilian government activity in the state of Hawaii. This metric is important for economists and policymakers to understand the role of the public sector in 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 series represents the gross domestic product (GDP) originating from federal civilian government operations in Hawaii. It is a key indicator of the economic influence and contribution of the federal government in the state. Analysts use this data to assess the public sector's impact on Hawaii's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend provides important context for evaluating Hawaii's economic conditions and the role of government activity.
Key Facts
- Hawaii's federal civilian GDP was $8.7 billion in 2021.
- Federal civilian government accounts for about 5% of Hawaii's total GDP.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) originating from federal civilian government operations in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the role and economic impact of the public sector in Hawaii'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 as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the influence of federal government activity on Hawaii's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with some potential for minor revisions over time.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Hawaii (HIGOVFEDCIVNGSP), retrieved from FRED.