Real Gross Domestic Product: Federal Civilian in Hawaii
HIGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,934.90
Year-over-Year Change
11.29%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Hawaii' series measures the real economic output generated by the federal civilian workforce in the state of Hawaii. This metric is important for economists and policymakers to assess the impact of federal spending and employment on the local 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 data series represents the inflation-adjusted value of goods and services produced by federal civilian employees working in Hawaii. It is a component of the overall state GDP, providing insight into the economic contribution of the federal government in the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government employment and spending statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the economic role of the federal government and its workforce in Hawaii's regional economy.
Key Facts
- Measure of real GDP generated by federal civilian workers in Hawaii.
- Provides insight into the economic impact of the federal government in the state.
- Data calculated by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted economic output generated by federal civilian employees working in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic role and impact of the federal government in Hawaii's regional economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using government employment and spending statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the economic contribution of the federal government and its workforce in Hawaii.
Q: Are there update delays or limitations?
A: The data is subject to the regular publication schedule and revision process of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Hawaii (HIGOVFEDCIVRGSP), retrieved from FRED.