Gross Domestic Product: Real Estate (531) in Hawaii
HIREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,783.20
Year-over-Year Change
57.53%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Real Estate (531) in Hawaii series measures the contribution of the real estate sector to the state's overall economic output. This metric is crucial for understanding the role of the housing market in Hawaii's economic performance.
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 Gross Domestic Product: Real Estate (531) in Hawaii series represents the inflation-adjusted value added by the real estate industry to the state's gross domestic product. This data point is used by economists and policymakers to analyze the health and trends within Hawaii's real estate sector and its broader economic implications.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This economic trend is closely monitored by real estate investors, developers, and government officials to inform policy decisions and market strategies.
Key Facts
- Hawaii's real estate sector accounts for a significant portion of the state's GDP.
- The real estate industry has been a key driver of Hawaii's economic growth in recent years.
- Policymakers use this data to assess the impact of real estate on the broader Hawaiian economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Real Estate (531) in Hawaii series measures the contribution of the real estate sector to the state's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the role of the housing market in Hawaii's economic performance and is closely monitored by real estate investors, developers, and government officials.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers use this data to assess the impact of real estate on the broader Hawaiian economy and inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Real Estate (531) in Hawaii (HIREALNGSP), retrieved from FRED.