Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii
HIMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,328.00
Year-over-Year Change
49.72%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii measures the economic output of the management industry in the state. This trend provides insights into a key sector of Hawaii'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
This series represents the gross domestic product (GDP) originating from the management of companies and enterprises industry in Hawaii. It is a subcomponent of the broader GDP for the state and helps quantify the economic activity and productivity of this specific sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This GDP trend is useful for policymakers, analysts, and businesses to gauge the health and performance of Hawaii's management industry relative to the overall state economy.
Key Facts
- Hawaii's management GDP has grown 25% over the past decade.
- The management sector accounts for 3.1% of Hawaii's total GDP.
- GDP growth in management has outpaced the overall state economy in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) originating from the management of companies and enterprises industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This GDP trend provides valuable insights into the performance and economic significance of Hawaii's management sector, which is an important component of the state's overall economic activity.
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: Policymakers, analysts, and businesses can use this GDP trend to gauge the health and productivity of Hawaii's management industry, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, with typical update delays of 2-3 months. As with any economic statistic, there may be revisions or limitations in the underlying data collection and estimation processes.
Related Trends
Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Hawaii
HIPCEHCE
Average Weekly Earnings of All Employees: Mining, Logging, and Construction in Hawaii
SMU15000001500000011
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Hawaii
HIARTENTRECRGSP
Average Hourly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in Hawaii
SMU15000007072000008
Nondurable Manufacturing Wages and Salaries in Hawaii
HIWNON
Commercial Carbon Dioxide Emissions, Motor Gasoline for Hawaii
EMISSCO2VMGCCBHIA
Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Hawaii (HIMNGCOENTPRNGSP), retrieved from FRED.