Economy

... 49th for innovation, 50th for high-tech jobs ....

... This adjustment reflects the impact of tariffs on international imports, a slowdown in tourism, persistent consumer inflation and increasing uncertainty in both national and international economic policy ....

... Hawaii has the 4th-largest increase in mortgage delinquency ....

... volatile fiscal and immigration policies are undermining consumer confidence, raising inflation expectations, and worsening the business outlook ....

... Hawaii’s anemic economic growth — the second slowest in the country — should be a sign ....

... The downward adjustment was mainly due to the expected slowdown in tourism growth, higher projected consumer inflation and increasing policy uncertainty at the national and international levels ....

... The clearest near-term risk is federal layoffs, which will result in a loss of more than 2,000 local jobs ....

... Honolulu inflation is up 1% in just the last two months ....

... 35 Years of Stagnation: Tourism Income Flat Since 1988 ....

...By 2035 one in four people in Hawaii will be 65 or older....

... Sale price of $405M for 90.1% of ASB suggests that the sale is a 50%-off giveaway to ASB insiders ....

... The median price of a single-family home is up 9% statewide and 15% on Maui this year, and mortgage rates hover near 7%. Rising homeowner insurance premiums ....

... The economy (73%), personal finances (73%), and housing costs (64%) rank as the most significant stressors for residents, particularly for households with incomes below $50,000 ....

... With the income tax reform and the increase in the supply of affordable housing, we expect that living in Hawaii will be more affordable and our state’s outmigration will be mitigated ....

... The statewide average daily census was 208,032 visitors in October 2024 ....

... Real visitor spending as of today is actually below where we were in the late 1980s ....

... 29% of fire-affected households now live below the poverty line, compared to 14% before the fires ....

... Hawaiʻi has long seen dismal growth in per capita income, hampering our ability to attract in-migration of new families or to provide opportunities that would prevent out-migration of Hawaiʻi residents ....

... DBEDT kept its economic growth projections for 2024 unchanged from the previous quarter, at 1.3 percent ....

... Haleakala Park saw a 27% decrease in visitors in 2023 compared to 2022 ....

... The number of visitors is down 1% from July 2023. But spending by tourists, when adjusted by inflation, is up 2.6% from last year at $207 billion ....

... 4.5% increase vs 1 year ago ....

... a scholarly contradiction of the myth that population growth must lead to scarcity ....

... industries with significant growth potential that are currently facing obstacles such as inadequate infrastructure, skills shortages, and market and government failures ....

... tourist count down 4.8%, spending down 4.0% ....

... Study shows short-term rentals generated $2.2 billion in economic activity for Maui and $11.3 billion across Hawaii in 2023 ....

... Between January and April 2024, visitor arrivals by air to Maui County fell 24.0 percent and expenditures decreased 22.6 percent compared to the same four months in 2023 ....

... Young families are leaving Hawaii.  Rich retirees are moving in.  The result is a sharp increase in per capita GDP ....

... Innovation Potential: 50th ....

... There were 753,551 visitors to the Hawaiian Islands in April 2024, down 8.9 percent from the same month last year. Total visitor spending measured in nominal dollars was $1.51 billion, which was a 12.6 percent drop from April 2023 ....

... There are still around 27,800 fewer jobs in Hawaii than before the COVID-19 pandemic ....

... Hawaii’s economy will grow at a slower pace than in past years ....

... There were 855,537 visitors to the Hawaiian Islands in March 2024, down 5.0 percent from a year ago. Total visitor spending measured in nominal dollars was $1.76 billion, which was a drop of 4.2 percent compared to March 2023 ....

“...30% respondents reported that if there was not a home and vacation rental option during their recent stay in Hawaii, they would not have made the trip....”

... Though visitor spending decreased by 4.5 percent in January 2024, state general excise tax (GET) collections were up by 2.4 percent during the same month, an increase which can be attributed to household spending ....

... disasters from COVID to Lahaina are the only thing holding Hawaii's economy together ....

“...I think there is a misconception now that there are jobs that are great right here in Hawaiʻi that you can get right after high school with just a high school diploma and that’s just not the case....”

“...Hawaiʻi currently holds the national championship title...."

“...30% respondents reported that if there was not a home and vacation rental option during their recent stay in Hawaii, they would not have made the trip....”

... Over the years there have been many reports, plans, and efforts to improve Hawaii’s economy, with mixed success ....

... addressing significant obstacles that are slowing the economy in the post-pandemic period ....

... Hawaii 46th ....

... DBEDT lowered the economic growth rate for 2024 to 1.3 percent ....

... States with the Most People in Financial Distress in 2023 .... 

... how many years will depend on which path is taken ....

... The report found that Hawaii's financial condition improved in 2022, but the state still needed $11.4 billion to pay its bills ....

... Hawaii economists say Lahaina locals could be priced out of rebuilt town without zoning changes  ....

“Tourism…dropped off the edge of the Earth.”

...DBEDT reduces its economic growth projections for Hawaii from 1.8% for 2023 to 1.1% and from 2% to 1.5% for 2024....

... we cannot afford to further burden our economy with our usual high-tax and high-spending habits ....