Chain-Type Quantity Index for Real GDP: Information (51) in Hawaii
Quarterly, Seasonally Adjusted
HIINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.90
Year-over-Year Change
19.27%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the hourly output per person in the U.S. non-farm business sector. It is a key productivity metric that provides insights into economic growth and business efficiency.
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
Productivity, measured as output per hour worked, is a fundamental indicator of an economy's efficiency and competitiveness. The Quarterly, Seasonally Adjusted series tracks changes in this metric, which is widely used by economists, policymakers, and analysts to assess the underlying health of the U.S. economy.
Methodology
This data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
Productivity trends inform decisions around monetary and fiscal policy, as well as business investment and strategic planning.
Key Facts
- Productivity growth is a key driver of long-term economic prosperity.
- The U.S. has experienced a slowdown in productivity growth in recent decades.
- Improving productivity is a priority for policymakers seeking to boost living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures hourly output per person in the U.S. non-farm business sector, a key indicator of productivity.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is essential for improving living standards and economic competitiveness, making this a crucial metric for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Productivity trends inform decisions around monetary and fiscal policy, as well as business investment and strategic planning.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with a short lag time. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HIINFOQQGSP), retrieved from FRED.