Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Hawaii
HIWASTEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.91
Year-over-Year Change
13.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Hawaii measures the real output of the waste management and remediation services industry in Hawaii. This metric is crucial for economists and policymakers to assess the health and growth of this key industry within the state's 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
The Chain-Type Quantity Index tracks the real, inflation-adjusted output of the waste management and remediation services industry in Hawaii. This data point provides important insights into the productivity and economic contribution of this sector, which is essential for infrastructure planning, environmental policy, and overall economic analysis.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the production and prices of goods and services in the waste management and remediation services industry.
Historical Context
This economic trend is widely used by government agencies, industry analysts, and economic researchers to monitor the performance and outlook of Hawaii's waste management sector.
Key Facts
- Hawaii's waste management industry accounts for over $1 billion in annual economic output.
- The Chain-Type Quantity Index showed a 3.2% increase in real GDP for this sector in 2021.
- Waste management is a crucial part of Hawaii's infrastructure, supporting tourism and local communities.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Hawaii measures the real, inflation-adjusted output of the waste management and remediation services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and economic contribution of Hawaii's waste management sector, which is essential for infrastructure planning, environmental policy, and overall economic analysis.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the production and prices of goods and services in the waste management and remediation services industry.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by government agencies, industry analysts, and economic researchers to monitor the performance and outlook of Hawaii's waste management sector, which is crucial for infrastructure planning and environmental policy.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Hawaii is updated quarterly by the U.S. Bureau of Economic Analysis, with a slight delay due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Waste Management and Remediation Services (562) in Hawaii (HIWASTEQGSP), retrieved from FRED.