Total Personal Income in Hawaii
HIOTOT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,991.80
Year-over-Year Change
17.24%
Date Range
1/1/1950 - 1/1/2025
Summary
The Total Personal Income in Hawaii series measures the total income earned by residents of Hawaii, including wages, salaries, investment income, and government benefits. This metric is important for economists and policymakers to assess the economic well-being and purchasing power of Hawaiian households.
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
Total Personal Income in Hawaii represents the sum of all income sources for Hawaii residents, providing a comprehensive measure of the state's economic activity and living standards. It is widely used to analyze consumer spending, taxation, and the overall health of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This metric is crucial for informing economic and fiscal policies at the state and federal levels.
Key Facts
- Hawaii's total personal income reached $96.7 billion in 2021.
- Personal income grew by 4.2% in Hawaii in 2021, outpacing the national average.
- Wages and salaries account for over 60% of total personal income in Hawaii.
FAQs
Q: What does this economic trend measure?
A: The Total Personal Income in Hawaii series measures the total income earned by residents of the state, including wages, salaries, investment income, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the economic well-being and purchasing power of Hawaii households, and it informs economic and fiscal policies at the state and federal levels.
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 surveys and administrative records.
Q: How is this trend used in economic policy?
A: Total Personal Income in Hawaii is used by economists, policymakers, and institutions to analyze consumer spending, taxation, and the overall health of the local economy.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a short delay to allow for data collection and processing.
Related Trends
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Hawaii
HIPCEGONPI
Gross Domestic Product: Machinery Manufacturing (333) in Hawaii
HIMACHMANNGSP
Production or Nonsupervisory Employees: Food Services and Drinking Places in Hawaii
SMU15000007072200006A
Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Hawaii
HIOTHTRANQGSP
Real Gross Domestic Product: Private Industries in Hawaii
HIPIRGSP
Poverty Tax Exemptions for Hawaii
PEXMHI15A647NCEN
Citation
U.S. Federal Reserve, Total Personal Income in Hawaii (HIOTOT), retrieved from FRED.