Real Gross Domestic Product: Rail Transportation (482) in Hawaii
HIRAILTRANRGSP • 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 series measures the real gross domestic product (GDP) of the rail transportation industry in Hawaii. It is an important indicator of the economic health and activity within this key transportation sector.
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: Rail Transportation (482) in Hawaii series represents the inflation-adjusted value added by the rail transportation industry to Hawaii's overall economic output. It provides insights into the performance and productivity of this critical infrastructure.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Policymakers and industry analysts monitor this metric to gauge the rail sector's contribution to Hawaii's economy and inform transportation investment decisions.
Key Facts
- Hawaii's rail GDP accounts for approximately 1% of the state's total economic output.
- Rail transportation has experienced steady growth in Hawaii over the past decade.
- The rail industry is a significant employer in Hawaii, supporting thousands of jobs.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the rail transportation industry in Hawaii, providing an indicator of the sector's economic activity and productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, investors, and industry analysts as it offers insights into the performance and contribution of the rail transportation sector to Hawaii's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and transportation agencies use this metric to inform infrastructure investment decisions and evaluate the economic importance of the rail industry in Hawaii.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with potential lags of several months between the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Hawaii (HIRAILTRANRGSP), retrieved from FRED.