Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Hawaii
HIRENTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.63
Year-over-Year Change
75.93%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Hawaii measures the real output of this economic sector in the state. It is a key indicator for analyzing the performance of Hawaii's service-based 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
This index tracks the real, inflation-adjusted GDP contribution of the rental, leasing, and intellectual property licensing industries in Hawaii. It provides insights into the state's economic structure and can help policymakers and analysts assess the health of this service-providing segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real economic output.
Historical Context
Trends in this index are monitored by economists and policymakers to understand the broader dynamics of Hawaii's economy.
Key Facts
- Hawaii's rental and leasing sector accounts for over 4% of the state's real GDP.
- This index uses a chain-weighted methodology to track real output changes.
- Trends in this index provide insights into the performance of Hawaii's service economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the rental, leasing, and intellectual property licensing industries in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the performance and contribution of Hawaii's service-based economy, which is a key focus for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real economic output.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to understand the dynamics of Hawaii's service-providing industries and their role in the state's overall economic performance.
Q: Are there update delays or limitations?
A: There may be publication delays of several months for this data series, as it relies on comprehensive economic reporting from Hawaii.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Hawaii (HIRENTQGSP), retrieved from FRED.