Hawaii’s economy and tourism continues to expand
The Department of Business, Economic Development and Tourism (DBEDT) released its first quarter 2017 Statistical and Economic Report, which shows Hawaii’s economy continues to expand at a slightly reduced rate. According to the most recent data released on Feb. 2 from the U.S. Bureau of Economic Analysis, Hawaii’s economic growth rate during the first three quarters of 2016 was 2.1 percent, higher than the U.S. economic growth rate of 1.4 percent during the same time period.