Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Hawaii
HIWPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.60
Year-over-Year Change
-42.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Hawaii measures the real output of the wood product manufacturing industry in the state. This indicator provides insights into the state's economic activity and industrial production.
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 for Real GDP: Wood Product Manufacturing (321) in Hawaii is a measure of the real, inflation-adjusted output of the wood product manufacturing industry in the state. It is used by economists and policymakers to track the performance and trends in this key industrial sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the state's economic conditions and the performance of the manufacturing industry.
Key Facts
- The index has a base year of 2012.
- Wood product manufacturing accounts for 1.5% of Hawaii's GDP.
- The index has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Hawaii measures the real, inflation-adjusted output of the wood product manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and trends of a key industrial sector in Hawaii's economy, which is important for understanding the state's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the state's manufacturing industry and inform decisions related to economic development, trade, and industrial policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months.
Related Trends
Durable Manufacturing Wages and Salaries in Hawaii
HIWDUR
Retail Trade Wages and Salaries in Hawaii
HIWRET
Business Applications for Hawaii
BUSAPPWNSAHI
Employment Level for Hawaii
EMPLOYHI
Housing Inventory: Pending Listing Count Year-Over-Year in Hawaii
PENLISCOUYYHI
Regional Price Parities: Services: Other for Hawaii
HIRPPSERVEOTH
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Hawaii (HIWPMANQGSP), retrieved from FRED.