Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Hawaii
HIOTHSERVENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,865.40
Year-over-Year Change
73.97%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) for the other services (except government and government enterprises) industry in Hawaii. It provides insight into the performance and contribution of this sector to the state's overall economic activity.
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 other services (except government and government enterprises) industry includes personal services, repair and maintenance, and other miscellaneous services. This trend is used by economists and policymakers to analyze the dynamics and growth of this important component of Hawaii's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the health and composition of Hawaii's economy and can inform economic policies and business decisions.
Key Facts
- Hawaii's other services sector accounts for over 10% of the state's GDP.
- This industry has seen steady growth in recent years, outpacing the overall state economy.
- The other services sector provides a diverse range of jobs and contributes to Hawaii's economic diversification.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the other services (except government and government enterprises) industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of the other services industry to Hawaii's overall economic activity, which is important for understanding the state's economic dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the health and composition of Hawaii's economy, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and any limitations of the U.S. Bureau of Economic Analysis, the primary source for this information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Hawaii (HIOTHSERVENGSP), retrieved from FRED.