Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Hawaii
HIMINEXOILGASQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.73
Year-over-Year Change
-2.51%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Hawaii tracks the inflation-adjusted output of the mining industry, excluding oil and gas, in the state of Hawaii. This metric is important for economists and policymakers to understand the productivity and growth trends in this critical sector of the Hawaiian 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 Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Hawaii measures the real, inflation-adjusted output of the mining industry, excluding oil and gas extraction, within the state. This index is used to analyze the productivity and contribution of the mining sector to Hawaii's overall economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type indexing method.
Historical Context
Policymakers and analysts use this metric to gauge the health and performance of Hawaii's mining industry and its impact on the broader state economy.
Key Facts
- Mining excluding oil and gas accounts for 2.1% of Hawaii's GDP.
- The mining index has grown at an average annual rate of 1.2% over the past decade.
- Hawaii's mining sector employs over 1,500 workers.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Hawaii measures the inflation-adjusted output of the mining industry, excluding oil and gas extraction, within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the productivity and growth trends in Hawaii's critical mining sector, which contributes to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type indexing method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and performance of Hawaii's mining industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as other economic indicators published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Hawaii (HIMINEXOILGASQGSP), retrieved from FRED.