Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Hawaii
HIMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.70
Year-over-Year Change
17.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in Hawaii. It provides insights into the productivity and economic performance of this key sector.
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: Miscellaneous Manufacturing (339) in Hawaii series tracks the inflation-adjusted value added by the miscellaneous manufacturing industry to the state's overall economic output. It is an important measure of industrial activity and a leading indicator of Hawaii's economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists closely monitor this trend to understand the state's industrial landscape and make informed decisions.
Key Facts
- Hawaii's miscellaneous manufacturing sector contributed $1.4 billion to the state's GDP in 2021.
- This industry includes the production of medical equipment, sporting goods, toys, and other diverse products.
- The real GDP of the miscellaneous manufacturing industry in Hawaii has grown by 3.2% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and economic performance of Hawaii's miscellaneous manufacturing sector, which is an important component of the state's overall economic output.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand Hawaii's industrial landscape and make informed decisions about the state's economic development and policy initiatives.
Q: Are there update delays or limitations?
A: The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Hawaii data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Hawaii (HIMISCMANRGSP), retrieved from FRED.