Gross Domestic Product: Information (51) in Hawaii
HIINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,800.30
Year-over-Year Change
19.53%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Information (51) in Hawaii series measures the economic output of the information sector in the state of Hawaii. This metric is important for understanding the role of the information industry in Hawaii's overall economic performance.
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 information sector includes industries such as publishing, telecommunications, data processing, and other information-related services. Tracking this data can provide insights into the strength and competitiveness of Hawaii's knowledge-based industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Policymakers and business leaders use this information to inform economic development strategies and investment decisions.
Key Facts
- Hawaii's information sector accounts for over 5% of its total GDP.
- The information industry in Hawaii has grown by 3% annually over the past decade.
- Hawaii's information GDP per capita is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) of the information sector in the state of Hawaii. It captures the economic output of industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: Tracking the information sector's GDP in Hawaii provides insights into the strength and competitiveness of the state's knowledge-based industries, which is valuable information for policymakers and business leaders.
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 economic development officials use this information to inform strategies and investment decisions aimed at supporting and growing Hawaii's information-based industries.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions. Additionally, the regional GDP estimates are subject to periodic revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Hawaii (HIINFONQGSP), retrieved from FRED.