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Outlook for the Hawai'i Economy

Posted September 6, 2000 | Categories: Forecasts, Hawaii's Economy

Economic conditions in Hawaii have strengthened dramatically during the first half of 2000. All economic indicators are signaling a moderate to strong business cycle expansion. A healthy external environment and growing domestic strength will support growth for Hawaii's economy not seen since the late 80s. With continued strong westbound growth and weak eastbound growth, total visitor arrivals should grow by 5% this year. Construction will rise by nearly 15%. Payroll jobs are expected to rise, and real personal income will accelerate from the current 2.6% pace to 3.3% growth for the entire year. As predicted last April, inflation is back and is expected to accelerate in the second half of the year. By 2001 Honolulu is expected to have inflation matching the US rate.

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