Real Gross Domestic Product: Information (51) in Hawaii
HIINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,975.50
Year-over-Year Change
19.27%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Hawaii trend measures the economic output of the information industry in Hawaii, adjusted for inflation. This data provides insights into the performance and growth of Hawaii's technology and digital media sectors.
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 Real Gross Domestic Product: Information (51) in Hawaii metric tracks the real (inflation-adjusted) value added by the information industry, which includes sectors like software publishing, telecommunications, and data processing. This indicator is used by economists and policymakers to assess the health and competitiveness of Hawaii's technology-driven industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Historical Context
Policymakers and business leaders monitor this trend to understand the evolving role of technology and innovation in Hawaii's economy.
Key Facts
- Hawaii's information industry accounts for over 5% of the state's GDP.
- The information sector has been one of the fastest-growing parts of Hawaii's economy in recent years.
- Telecommunications and software publishing are the largest components of Hawaii's information industry.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Hawaii trend measures the real (inflation-adjusted) economic output of Hawaii's information industry, which includes sectors like telecommunications, software publishing, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the performance and competitiveness of Hawaii's technology-driven industries, which are an important and growing part of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders monitor this trend to understand the evolving role of technology and innovation in Hawaii's economy and to inform policies and strategies supporting the state's information industries.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical release delays of 1-2 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Hawaii (HIINFORQGSP), retrieved from FRED.