4 ms·
Most important questions have multi-causal answers, without additional information I would guess that both "tourism is the economic engine" and "military bases
by brian_cloutier 5y ago
Most important questions have multi-causal answers, without additional information I would guess that both "tourism is the economic engine" and "military bases are the economic engine" are likely to be incorrect.
Hawaiian GDP seems to have dropped ~8% in 2020 [1] where tourism spending plummeted let's say 50% [2]. I would expect that Hawaiian military payroll has stayed roughly fixed during the pandemic.
This seems to put an upper bound on tourism at ~20% GDP. Quite high! You would not want to lose it, but not the sole engine of economic success.
[1]: https://www.statista.com/statistics/187859/gdp-of-the-us-federal-state-of-hawaii-since-1997/ https://www.statista.com/statistics/187859/gdp-of-the-us-fed...
[2]: https://www.hawaiitourismauthority.org/news/news-releases/2021/hawaii-visitor-statistics-released-for-june-2021/ https://www.hawaiitourismauthority.org/news/news-releases/20...
- hammock 5y agoI like the math, just to point out that you are perhaps forgetting transfer payments, government aid etc since the pandemic so tourism may be higher than 20%
- bobthepanda 5y agoFrom Wikipedia: > Since statehood in 1959, tourism has been the largest industry, contributing 24.3% of the gross state product (GSP) in 1997, despite efforts to diversify... In 2009, the United States military spent US$12.2 billion in Hawaii, accounting for 18% of spending in the state for that year. 75,000 United States Department of Defense personnel live in Hawaii.