Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Hawaii
HIWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.26
Year-over-Year Change
11.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Hawaii measures the inflation-adjusted output of the warehousing and storage industry in the state. This key economic indicator provides insights into the logistics and supply chain 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
This index tracks the real, price-adjusted value of goods and services produced by the warehousing and storage industry in Hawaii. It is a useful gauge of activity and productivity in this crucial part of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
Policymakers and analysts monitor this trend to assess the health of Hawaii's logistics infrastructure and supply chain.
Key Facts
- Hawaii's warehousing and storage industry accounts for 1.4% of the state's total GDP.
- The index has grown by 12.5% over the past 5 years.
- Warehousing and storage is a $1.2 billion industry in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real, inflation-adjusted output of the warehousing and storage industry in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the health and productivity of a crucial part of Hawaii's logistics infrastructure and supply chain.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the state of Hawaii's logistics capabilities and supply chain efficiency.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Hawaii (HIWARESTORQGSP), retrieved from FRED.