1 Real estate and rental and leasing 19,771 20.3% 2 Government 19,122 19.7% 3 Accommodation and food services 8,817 9.1% 4 Health care and social assistance 6,597 6.8% 5 Retail trade 6,246 6.4% 6 Construction 5,562 5.7% 7 Transportation and warehousing 5,341 5.5% 8 Professional, scientific, and technical services 3,860 …
How much does Hawaii contribute to the economy?
Overview of the Hawaii EconomyHawaii's gross state product (GSP) in 2023 reached $76.5b, with growth of 14.9k% over the 5 years to 2023. Businesses in Hawaii employed a total of 748,773 people in 2023, with average annual employment growth over the past five years of 1345.4%.
Would Hawaii be better off without tourism?
Hawaii heavily depends on the revenue generated by tourism to fund various state programs and initiatives. Without tourism, the state would experience a substantial decrease in tax revenue, which would directly impact its ability to provide essential public services.
What country has the highest tourism GDP?
the United StatesIn 2022, the United States reported the highest total contribution of travel and tourism to GDP, with these industries generating, directly and indirectly, roughly two trillion U.S. dollars.
What percentage of the economy is tourism in Hawaii?
Which country has the highest percentage of GDP from tourism?
Countries with the highest share of GDP generated by direct travel and tourism worldwide in 2019
Characteristic | Share of GDP from travel and tourism |
---|---|
Macau | 50.2% |
Maldives | 32.5% |
Aruba | 32% |
Seychelles | 26.4% |
How much does Hawaii benefit from tourism?
Tourism is the largest single source of private capital for Hawai'i's economy. In 2019, Hawai'i's tourism economy has recorded. ➢ State Tax Revenue: $2.07 billion (+1.4%,+$28.5 million YOY versus 2018). ➢ Visitor Arrivals: 10,424,995 (+5.4% YOY versus 2018).
Does Hawaii’s economy need tourism?
Tourism is the largest single source of private capital for Hawai'i's economy. In 2019, Hawai'i's tourism economy has recorded.
How much does Hawaii profit from tourism?
Tourism is the largest single source of private capital for Hawai'i's economy. In 2019, Hawai'i's tourism economy has recorded. ➢ State Tax Revenue: $2.07 billion (+1.4%,+$28.5 million YOY versus 2018). ➢ Visitor Arrivals: 10,424,995 (+5.4% YOY versus 2018).