Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Hawaii
HIOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.00
Year-over-Year Change
-5.89%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Hawaii. It provides insight into the performance and economic contribution of this key manufacturing sector within the state.
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 transportation equipment manufacturing industry in Hawaii includes the production of a variety of transportation-related products, such as aerospace components, ships, and railcars. This GDP metric is used by economists and policymakers to analyze the state's industrial composition and economic diversification.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
This trend is relevant for understanding Hawaii's economic structure and competitiveness in manufacturing industries.
Key Facts
- Hawaii's other transportation equipment manufacturing GDP was $391 million in 2021.
- This industry accounts for 0.5% of Hawaii's total GDP.
- The sector has grown by 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and economic contribution of a key manufacturing sector within Hawaii's economy, which is useful for understanding the state's industrial composition and economic diversification.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Hawaii's economic structure and competitiveness in manufacturing industries.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates based on new information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Hawaii (HIOTRANEQMANNGSP), retrieved from FRED.