Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Hawaii
HIGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.43
Year-over-Year Change
4.01%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Hawaii measures the volume of economic output generated by the government and government enterprises sector in Hawaii, adjusted for inflation.
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 provides insights into the growth and performance of the public sector in Hawaii's economy. It is a key indicator used by economists and policymakers to analyze the contribution of government activities to overall economic activity in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting methods.
Historical Context
This economic trend is relevant for understanding the role of the public sector in Hawaii's economy and informing policy decisions related to government spending and investment.
Key Facts
- Hawaii's government and government enterprises sector accounts for around 10% of the state's GDP.
- The index has shown steady growth over the past decade, reflecting the expanding role of the public sector in Hawaii's economy.
- The index is adjusted for inflation, allowing for accurate comparisons of real economic output over time.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Hawaii measures the volume of economic output generated by the government and government enterprises sector in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the growth and performance of the public sector in Hawaii's economy, which is a key indicator used by economists and policymakers to analyze the contribution of government activities to overall economic activity in the state.
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 national accounting methods.
Q: How is this trend used in economic policy?
A: This economic trend is relevant for understanding the role of the public sector in Hawaii's economy and informing policy decisions related to government spending and investment.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Hawaii (HIGOVQQGSP), retrieved from FRED.