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US State economic profile
Hawaii - Economic Profile
Statistics, economic information and rankings for the Aloha State
In 2026, the state of Hawaii has a population of 1,451,346, having grown an annualized 0.1% over the five years to 2026, which ranks it 47th out of all 50 US states by growth rate. Hawaii's gross state product (GSP) in 2026 reached $95.9b, with growth of 2.6% over the 5 years to 2026. Businesses in Hawaii employed a total of 746,101 people in 2026, with average annual employment growth over the past five years of 2.4%. The top three sectors by total employment are Real Estate & Rental & Leasing, Accommodation & Food Services, Healthcare & Social Assistance, while the unemployment rate across the state in 2026 was 3.4%.
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State economic profile
Hawaii Economic Overview
$95.9b
Gross state product
1,451,346
Population
146,282
Businesses
What is Hawaii's Gross Domestic Product (GDP)?
In 2026, Hawaii's GDP reached $95.9b, representing an increase of 2.6% from 2025. Hawaii's GDP has grown at an annualized rate of 2.2% over the five years to 2026. Moreover, Hawaii's trailing five-year GDP growth ranks it 14th out of all 50 US states.
State GDP, or Gross State Product, is a measurement of a state's output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of a state's economy.
You can track trends in Hawaii's GDP, and compare them to the national average, using the chart below.
State economic profile
Hawaii Industry Trends
Learn about current trends affecting the most significant industries for Hawaii's state economy, down to the county level. IBISWorld offers state industry research reports on over 30,000 industries across all 50 states in the US, including 575 industries in Hawaii.
What are Hawaii's Largest Industries by Revenue?
The largest industries by revenue in Hawaii are Health & Medical Insurance, Hotels & Motels and Public Schools, which generated $10.1b, $9.9b and $9.7b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Health & Medical Insurance | $10.1b |
| 2. | Hotels & Motels | $9.9b |
| 3. | Public Schools | $9.7b |
| 4. | Gasoline & Petroleum Bulk Stations | $6.8b |
| 5. | Warehouse Clubs & Supercenters | $6.3b |
| 6. | Hospitals | $5.4b |
| 7. | Domestic Airlines | $5.4b |
| 8. | Commercial Banking | $4.7b |
| 9. | New Car Dealers | $4.3b |
| 10. | Supermarkets & Grocery Stores | $4.1b |
State economic profile
Top Companies in Hawaii
Learn about current trends affecting the top companies in Hawaii. IBISWorld offers benchmarking data and tools on over 5,000 companies in the US.
Top 10 Companies Headquartered in Hawaii by Employment
The largest companies by employment in Hawaii are Hawai`i Pacific Health, Hawaiian Electric Industries, Inc. and Kamehameha Schools, which employed 7,439, 3,597 and 3,248 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | Hawai`i Pacific Health | 7,439 | 1.0% |
| 2. | Hawaiian Electric Industries, Inc. | 3,597 | 0.5% |
| 3. | Kamehameha Schools | 3,248 | 0.4% |
| 4. | Kaiser Foundation Health Plan, Inc. | 2,356 | 0.3% |
| 5. | Bank Of Hawaii Corp | 2,105 | 0.3% |
| 6. | First Hawaiian Bank | 2,004 | 0.3% |
| 7. | Walt Disney Co | 1,700 | 0.2% |
| 8. | Prince Resorts Hawaii Inc. | 1,624 | 0.2% |
| 9. | Polynesian Cultural Center | 1,231 | 0.2% |
| 10. | Adventist Health System | 1,054 | 0.1% |
State economic profile
Hawaii Sector Statistics
In Hawaii, certain sectors drive a higher share of state GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Hawaii's GDP by Sector?
The Real Estate & Rental & Leasing, Accommodation & Food Services and Healthcare & Social Assistance sectors contributed the most to Hawaii's GDP in 2026, representing a combined 44.2% of state GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the state economy, in addition to how the state economy is evolving over time.
| Sector | GDP | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Real Estate & Rental & Leasing | 15,900,949,296 | 0.6% | 0.6% |
| Accommodation & Food Services | 10,598,209,266 | 7.9% | 9.2% |
| Healthcare & Social Assistance | 7,933,272,293 | 3.6% | 3.7% |
| Retail Trade | 6,719,646,412 | 3.3% | 4.2% |
| Transportation & Warehousing | 6,132,257,644 | 7.4% | 7.7% |
| Professional, Scientific & Technical Services | 5,556,597,776 | 5.7% | 5.8% |
| Construction | 3,720,442,578 | -4.5% | -5.5% |
| Finance & Insurance | 3,489,815,434 | 0.2% | -0.4% |
| Information | 3,084,680,098 | 5.1% | 4.5% |
| Administration, Business Support and Waste Management Services | 3,044,032,978 | 3.2% | 4.3% |
| Wholesale Trade | 2,242,470,698 | -2.5% | -2.3% |
| Other Services (except Public Administration) | 1,793,571,392 | -1.8% | -1.2% |
| Management of Companies and Enterprises | 1,740,907,397 | 6.0% | 7.6% |
| Utilities | 1,557,673,370 | -2.3% | -1.7% |
| Arts, Entertainment & Recreation | 1,461,863,518 | 8.8% | 10.5% |
| Manufacturing | 1,448,435,246 | 1.2% | 1.7% |
| Educational Services | 1,032,014,434 | 1.8% | 2.5% |
| Agriculture, Forestry, Fishing & Hunting | 426,471,596 | 2.2% | 2.5% |
| Mining | 52,525,464 | -3.9% | -4.8% |
What is Hawaii's Employment by Sector?
The Accommodation & Food Services, Administration, Business Support and Waste Management Services and Educational Services sectors contributed the most to employment in Hawaii in 2026, representing a combined 37.0% of state employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the state economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Accommodation & Food Services | 101,198 | 0.9% | 5.2% |
| Administration, Business Support and Waste Management Services | 87,721 | 3.2% | 4.9% |
| Educational Services | 86,910 | 0.3% | 1.5% |
| Retail Trade | 85,601 | 1.3% | 2.5% |
| Healthcare & Social Assistance | 81,623 | 1.3% | 1.0% |
| Transportation & Warehousing | 75,100 | 3.1% | 5.0% |
| Construction | 42,230 | 1.3% | 0.2% |
| Professional, Scientific & Technical Services | 37,805 | 1.8% | 1.7% |
| Real Estate & Rental & Leasing | 32,223 | 1.3% | 1.4% |
| Other Services (except Public Administration) | 29,516 | 1.7% | 3.4% |
| Finance & Insurance | 23,404 | 0.5% | 0.6% |
| Wholesale Trade | 17,214 | -0.4% | -0.5% |
| Arts, Entertainment & Recreation | 15,721 | 2.4% | 7.7% |
| Manufacturing | 14,895 | 1.3% | 0.6% |
| Information | 8,475 | 2.8% | 4.9% |
| Utilities | 5,366 | -0.2% | 1.3% |
| Agriculture, Forestry, Fishing & Hunting | 865 | -0.2% | -2.0% |
| Mining | 234 | 0.4% | 0.4% |
State economic profile
Hawaii Employment Trends
746.1k
Employment
3.4%
Unemployment
What Employment Trends are Impacting Hawaii?
The state of Hawaii employs 746,101 people in 2026, which ranks it 40th out of all 50 US states. Employment in Hawaii has grown at an annualized rate of 2.8% over the five years to 2026, overperforming the national average of 1.7%. Major sectors by employment in Hawaii include Accommodation & Food Services, Administration, Business Support and Waste Management Services and Educational Services, which employed 101,198, 87,721 and 86,910 people in 2026, respectively. Hawaii's unemployment rate is 3.4% in 2026, which ranks it 7th out of all 50 US states. Hawaii's unemployment rate has trended downwards at a rate of -10.9% over the five years to 2026, overperforming the US economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Hawaii, and compare them to the US economy, using the chart below.
$81.4k
Per capita disposable income
What is Hawaii's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Hawaii's DPI in 2026 was $81.4k, compared to the US average of $156.5k, which places it 46th out of all 50 US states.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Hawaii's per capita disposable income, and compare it to the US average, using the chart below.
State economic profile
Hawaii Construction & Building Trends
$1,386.4tn
Nonresidential construction
$1.3tn
Residential construction
4,190
Building permits
What can construction trends tell you about a state’s economy?
In Hawaii, non-residential construction was $1,386.4tn in 2026, which ranks it 37th out of all 50 US states. Residential construction was $1.3tn in 2026, which places Hawaii 9th out of all 50 US states. The number of building permits issued in Hawaii in 2026 was 4,190, representing a 2.4% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a state. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Hawaii, and compare it to trends in the number issued in the United States as a whole, using the chart below.
State economic profile
Hawaii Population Statistics
Which Counties in Hawaii have the Largest Populations?
The counties with the highest populations in Hawaii are Honolulu County, Hawaii County and Kauai County, which had populations of 970,077, 212,888 and 74,143 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Honolulu | 970.1k | -0.7% | 66.8% |
| Hawaii | 212.9k | 0.8% | 14.7% |
| Kauai | 74.1k | 0.1% | 5.1% |
State economic profile
Hawaii Demographics
In Hawaii, 39.6% of the population has a Bachelors or higher. The largest ethnic group in Hawaii is Asian, accounting for 36.3% of the state's population.
Education level in Hawaii
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 39.6 |
| Other | 60.4 |
Race in Hawaii
| Race | Share (%) |
|---|---|
| Asian | 36.3 |
| Other | 30.3 |
| White | 21.1 |
| Hispanic | 10.4 |
| Black | 2.0 |
Hawaii State industry reports
IBISWorld State Industry Reports help you quickly understand how an industry performs at the state level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 575 Hawaii industry reports.
Other states to explore
Compare Hawaii’s economy with other states in the United States.
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