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Articles

The effects of the pandemic on the economy of Hawaii

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Pages 3846-3852 | Received 05 Aug 2022, Accepted 17 Nov 2022, Published online: 07 Dec 2022
 

ABSTRACT

Hawaii was vulnerable to the COVID-19 pandemic due to its reliance on tourism. This article analyzes the pandemic’s economic impact in Hawaii by comparing outcomes with the pre-pandemic forecast. We explain why Hawaii’s experience differed from other states, suggest reasons for a slow recovery, and discuss the pandemic’s lasting effects.

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

1 UHERO's quarterly forecasts can be found at https://uhero.hawaii.edu/focus-areas/forecast-project/.

2 The 2019Q4 forecast refers to the forecast report from UHERO, Bonham et al. (Citation2019). For the 2019Q4 forecast vintage, GDP history was available through 2019 Q2. The 2019Q4 forecast is scaled by the subsequently (downward) revised data.

3 Much of the source data is available at the UHERO data portal: https://data.uhero.hawaii.edu/.

4 For impacts beyond currently available data, we use UHERO’s 2022Q2 forecast.

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