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;

sugar and pineapple constitute about 1% of GSP, defense a

payments of 7.6 percent and 7.5 percent in the second quarter,

slightly less than 2percent of jobs in the state.

disposable income is anticipated to rise to 1% next year and to an

6. Hawaii. Bureau of Economic Analysis. C1996.

2.2% between 1995 and 2000. Average annual growth in the number of

1995, personal income was estimated to be an annualized 29.2 billion

sustained period. The initial downturn was clearly associated with the

years. Over the same period, the unemployment rate should decline

reduction is due to the decline in superpower tensions and the

The movement toward a service- and trade-based economy becomes

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, eleven 1995, hawaii's economy, personal income, unemployment rate, percent period, consumer price, half 1995, inflation rate, decline eleven, consumer inflation rate, growth personal, growth personal income, retail trade services, honolulu consumer price, consumer price index,
Approximate Word count = 1371
Approximate Pages = 5 (250 words per page double spaced)