Real Gross Domestic Product: Utilities (22) in Hawaii
HIUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,610.20
Year-over-Year Change
-27.94%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the utilities industry in Hawaii. It provides valuable insights into the performance and contribution of the utilities sector to the state's overall economic activity.
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: Utilities (22) in Hawaii series represents the inflation-adjusted value added by the utilities industry to the state's GDP. It is an important indicator for economists and policymakers to understand the dynamics and growth trends within the utilities sector and its impact on the broader Hawaiian economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by economists, industry analysts, and policymakers to inform investment decisions, regulatory policies, and economic development strategies.
Key Facts
- Hawaii's utilities industry accounts for approximately 2% of the state's total GDP.
- The utilities sector in Hawaii has experienced steady growth over the past decade.
- Electricity generation and distribution are the largest components of the utilities industry in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the utilities industry in the state of Hawaii, providing insights into the performance and contribution of this sector to the overall state economy.
Q: Why is this trend relevant for users or analysts?
A: The Real Gross Domestic Product: Utilities (22) in Hawaii trend is important for economists, policymakers, and industry analysts to understand the dynamics and growth trends within the utilities sector and its impact on the broader Hawaiian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, industry analysts, and policymakers to inform investment decisions, regulatory policies, and economic development strategies in Hawaii.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Hawaii (HIUTILRGSP), retrieved from FRED.