Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii
HIMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.70
Year-over-Year Change
28.11%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii measures the economic output of the mining industry in Hawaii, excluding oil and gas extraction. This trend provides insight into a key sector of the state's 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
The Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii represents the total value of goods and services produced by the mining industry in the state, excluding oil and gas extraction. This metric is used by economists and policymakers to analyze the performance and contribution of the mining sector to Hawaii's overall economic activity.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
The mining sector's GDP is an important indicator for understanding Hawaii's economic composition and growth potential.
Key Facts
- Mining (except oil and gas) accounts for about 0.5% of Hawaii's GDP.
- This sector has seen modest growth in recent years.
- The mining industry in Hawaii is focused on extraction of minerals and nonmetallic resources.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii measures the total economic output of the mining industry in the state, excluding oil and gas extraction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and contribution of the mining sector to Hawaii's overall economic activity, which is useful for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: The mining sector's GDP is an important indicator for understanding Hawaii's economic composition and growth potential, which can inform economic development policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Mining (Except Oil and Gas) (212) in Hawaii (HIMINEXOILGASNGSP), retrieved from FRED.