Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Hawaii
HIOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.06
Year-over-Year Change
29.17%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Hawaii measures the volume of economic output in this sector. It is a key indicator for analyzing the state's transportation infrastructure and logistics industry.
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 index tracks the real quantity of economic activity in Hawaii's transportation and support services industries, including warehousing, postal service, and couriers. It provides insights into the performance and dynamics of a critical sector supporting the state's broader economic activity.
Methodology
The index is calculated using the chain-type quantity index method based on data collected by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this index to assess the health and efficiency of Hawaii's transportation network and logistics capabilities.
Key Facts
- The index uses 2012 as the base year.
- Hawaii's transportation and support services account for over 5% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real quantity or volume of economic output in Hawaii's transportation and support services industries, including transportation, warehousing, postal, and courier services.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and efficiency of Hawaii's critical transportation and logistics infrastructure, which supports the broader state economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to assess the health and capacity of Hawaii's transportation network, which informs infrastructure investment and economic development decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 quarter delay in the release of this data by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Hawaii (HIOTHTRANQGSP), retrieved from FRED.