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Annual Hawaii Economic Forecast:
Long Expansion to Continue

Posted February 21, 2006 | Categories: Forecasts, Hawaii's Economy

Hawai‘i is coming off an exceptional year, one that will be tough to match. Tourism set new records and the construction industry added jobs at a fast clip. State tax revenues ballooned. Looking ahead, external conditions remain generally favorable, and growth in local jobs and personal income provides a sound foundation for continued spending. Considering limits posed by tight labor markets and high occupancy rates, growth is expected to continue at a more measured pace than we saw in 2004 and 2005.

forecast summary

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