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Economic Development of Hawaii

Hawaii, with an area of 28,313 sq. km (10,932 sq. mi.), is the

43rd largest state in the U.S.; 6.9% of the land is owned by the

federal government. It consists mainly of the Hawaiian Islands, eight

main islands and 124 islets, reefs, and shoals. The major islands in

order of size are Hawaii, Maui, Oahu, Kauai, Molokai, Lanai, Nihau,

and Kahoolawe. Population growth has increased by 80,000 persons over

the past five years. Demographics show a large number of Hispanic

origin: Asian Hispanics are the most populated with white Hispanic

and Asian non-Hispanic following. Hawaii's economy has been long

dominated by plantation agriculture and military spending. As

agriculture has declined in importance, the economy has diversified to

encompass a large tourist business and a growing manufacturing

Hawaii's economy has changed drastically since statehood. In

1958, defense, sugar, and pineapple were the primary economic

activities, accounting for 40% of Gross State Product (GSP). In

contrast, visitor-related expenditures stood at just over 4% of

Hawaii's GSP prior to statehood. Today the positions are reversed;


across sectors. The share of the economy's jobs accounted for by

The consumer inflation rate, as reflected in the percentage

the same time, the shares of jobs in wholesale and retail trade and in

compared to the second half of 1994. If the current trend continues,

increase in rents, dividends and interest, along with transfer

Hawaii's people have seen dramatic changes in the economic

to a rise in eastbound visitors in the second and third quarter of



Some common words found in the essay are:
Hawaii's GSP, Product RGSP, Hawaii Pacific, Economic Analysis, Price Index, Hispanic Asian, Hawaii Hawaii, Hawaiian Islands, Congress Administration, Kahoolawe Population, hawaii's economy, eleven 1995, unemployment rate, personal income, inflation rate, consumer price, percent period, half 1995, decline eleven, consumer price index, gross product, percent eleven 1995, honolulu consumer price, retail trade services, growth personal income,
Approximate Word count = 1492
Approximate Pages = 6 (250 words per page double spaced)


  

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