Real Gross Domestic Product: Real Estate (531) in Hawaii
HIREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,712.40
Year-over-Year Change
11.19%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the real estate industry in Hawaii. It provides valuable insights into the economic performance and trends within the state's real estate 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: Real Estate (531) in Hawaii series tracks the inflation-adjusted output of the real estate industry, a key component of Hawaii's economy. This data is used by economists and policymakers to analyze the health and growth of the state's real estate market.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Historical Context
This trend is closely monitored by real estate investors, developers, and government agencies to inform policy decisions and market strategies.
Key Facts
- Hawaii's real estate industry accounts for over 12% of the state's GDP.
- Real estate GDP in Hawaii has grown by an average of 3.2% annually over the past decade.
- The real estate sector is a major employer in Hawaii, accounting for over 8% of total state employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the real estate industry in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of Hawaii's real estate sector, which is a crucial component of 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 using industry-specific price deflators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by real estate investors, developers, and government agencies to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 2 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Hawaii (HIREALRGSP), retrieved from FRED.