Real Gross Domestic Product: Pipeline Transportation (486) in Hawaii
HIPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the pipeline transportation industry in Hawaii. It is an important indicator of economic activity and infrastructure investment in 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 Real Gross Domestic Product: Pipeline Transportation (486) in Hawaii series tracks the inflation-adjusted output of the pipeline transportation sector, which includes the transportation of crude oil, refined petroleum products, natural gas, and other commodities via pipelines. This data point is used by economists and policymakers to assess the health and productivity of Hawaii's energy and logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP accounts.
Historical Context
Trends in pipeline transportation GDP can inform infrastructure investment decisions and energy policy at the state level.
Key Facts
- Hawaii's pipeline transportation GDP was $206 million in 2021.
- This industry accounts for approximately 0.3% of Hawaii's total GDP.
- Pipeline transportation GDP has grown by 12% in Hawaii over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the pipeline transportation industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data point is relevant for understanding the health and productivity of Hawaii's energy and logistics infrastructure, which is crucial for the state'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 as part of their comprehensive GDP accounts.
Q: How is this trend used in economic policy?
A: Trends in pipeline transportation GDP can inform infrastructure investment decisions and energy policy at the state level in Hawaii.
Q: Are there update delays or limitations?
A: This data is typically published with a lag of several quarters, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Hawaii (HIPIPETRANRGSP), retrieved from FRED.