I’m working on my annual start-of-Session mailer, and was doing some research. I came across a comparison of Hawaii’s economy and the US as a whole.
In 2016, the largest industry in Hawaii was finance, insurance, real estate, rental, and leasing.
The second largest industry was government.
The largest contributor to real GDP growth in Hawaii was finance, insurance, real estate, rental, and leasing. The second largest contributor to economic growth was construction.
I’m curious what people think of this.
Top Five State Industries as a percent of Total GDP, 2016
Hawaii United States
(Sorry, I couldn’t get the colors to copy. Start with dark blue and go counter-clockwise)
DARK BLUE: Finance, insurance, real estate, rental, and leasing
ORANGE: Professional and business services
GREY: Educational services, health care, and social assistance
TEAL: Arts, entertainment, recreation, accommodation, and food services
LIGHT BLUE: Government
SALMON: All others
You can see the report here: https://www.bea.gov/regional/bearfacts/pdf.cfm?fips=15000&areatype=STATE&geotype=3