Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIOTHSERVENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,953.80
Year-over-Year Change
22.44%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized rate of change in total output of the U.S. economy, providing a snapshot of 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
This metric represents the seasonally adjusted, annualized rate of change in real gross domestic product (GDP), which is the broadest measure of economic production in the United States. It is a key indicator used by policymakers and analysts to assess the health and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and models.
Historical Context
Quarterly GDP growth is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew at an annualized rate of 6.9% in Q4 2021.
- GDP growth is a key indicator of economic health and productivity.
- Quarterly GDP data is released by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized rate of change in real gross domestic product (GDP), which represents the total economic output of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a critical indicator of overall economic performance and is closely monitored by policymakers, investors, and analysts to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic surveys and models.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The quarterly GDP data is subject to revisions as more complete information becomes available, and there is typically a 1-2 month delay in the initial release of the estimates.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIOTHSERVENQGSP), retrieved from FRED.