In 2023, the GDP of Hawaii amounted to around 88.61 billion U.S. dollars. The finance, insurance real estate, rental, and leasing industry added the most real value to the gross domestic product of Hawaii, amounting to around 19.09 billion U.S. dollars. In the same year, the professional and business services industry added around 8.9 billion U.S. dollars.

DBEDT Hawaii Utility Companies Rank Among The Top

This statistic illustrates the leading companies headquartered in Hawaii in 2020, by number of employees. In that year, the State of Hawaii was the largest employer headquartered in Hawaii, employing about 26,320 people.

The destination wedding industry in Hawaii reached a valuation of US$ 2,245.7 million in 2023. Demand for destination wedding services in Hawaii recorded a y-o-y growth of 11.8% in 2023.

Attribute	Key Insights
Base Value (2023)	US$ 2,245.7 million
Estimated Hawaii Destination Wedding Industry Size (2024)	US$ 2,501.8 million
Projected Hawaii Destination Wedding Revenue (2034)	US$ 7,497.6 million
Value-based CAGR (2024 to 2034)	11.6%

Category-wise Insights

Target Segment	Luxurious Weddings
CAGR	9.7%

Service Type	Wedding Planning
CAGR	12.8%

Guest Capacity	Below 100
CAGR	5.3%

Scope of the Report

Attribute	Details
Estimated Value (2024)	US$ 2,501.8 million
Projected Value (2034)	US$ 7,497.6 million
Anticipated Growth Rate (2024 to 2034)	11.6% CAGR
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Industry Analysis	US$ million for Value
Key Countries Covered	Hawaii
Key Segments Covered	Wedding Type Service Type Target Segment Season Organization of Stay Guest Capacity
Key Companies Profiled	A Paradise Dream Wedding Simple Oahu Wedding Maui'd Forever Weddings of Hawaii Kauai Wedding Planners Hawaiian Island Weddings White Orchid Wedding Dream Weddings Hawaii Tropical Maui Weddings Barefoot Weddings Hawaii

DBEDT Hawaii Utility Companies Rank Among The Top In Cumulative Solar Watts Per Customer

[Keywords] Market include Sealmaster Hawaii, Axeon, Sami Bitumen Technologies, Peckham Industries, Gilson Company

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.