Real Gross Domestic Product: Paper Manufacturing (322) in Hawaii
HIPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
27.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the paper manufacturing industry (NAICS code 322) in the state of Hawaii. It provides insights into the performance and productivity of this key manufacturing sector within the state's economy.
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 Real Gross Domestic Product: Paper Manufacturing (322) in Hawaii series represents the inflation-adjusted value added by the paper manufacturing industry to the overall GDP of Hawaii. This metric is widely used by economists and policymakers to analyze sectoral growth, productivity, and competitiveness within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this metric can inform economic and industrial policies aimed at supporting the paper manufacturing industry in Hawaii.
Key Facts
- Hawaii's paper manufacturing industry accounts for approximately 1% of the state's total GDP.
- Real GDP in paper manufacturing has declined by 15% in Hawaii over the past decade.
- The paper manufacturing sector employs around 500 workers in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the paper manufacturing industry (NAICS code 322) in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and productivity of a key manufacturing sector within Hawaii's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and industrial policies aimed at supporting the paper manufacturing industry in Hawaii.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedule and potential revisions as other GDP-related statistics released by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Hawaii (HIPAPMANRGSP), retrieved from FRED.