Architecture Landscape: Economics of Hawaii

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Architecture Landscape Economics of Hawaii

• Tasha Nalei Valenzuela

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Tourism
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Hawaiis Economy

• Economically vigorous with diversified
  agriculture and manufacturing.
• Set up strategically for the global defense
  system of the United States.
• Hawaii often called the Crossroads of the
  Pacific, and a major tourism mecca.

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Economic Institutions

• NABE
• HEA
• Non-profit organization of professionals from a
  broad spectrum of Hawaii businesses and
  organizations.
• Mission
• promote public awareness and understanding of
  economics
• Discuss Hawaiis economic issues
• Bank of Hawaii
• Research and Development
• Hawaiian activities of national and international
  importance include research and development in
  the following areas
• Oceanography
• Geophysics
• Astronomy
• Satellite Communications
• Biomedicine

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Economic Sectors

• Tourism
• Hawaiis largest industry
• 60 of the hotel units are on Oahu (mostly in
  Waikiki)
• Agriculture
• Basis of local economy
• Second largest in producing sugarcane and leads
  in pineapple production
• Challenged by lower labor cost in other countries
  ie. Philippines
• Livestock, poultry, dairy production, lumbering,
  and commercial fishing are import sources of
  income.
• Nearly half of the commercial fish catch is aku
  (tuna).

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Economic Sectors

• Industry
• Hawaii has several hundred companies engaged in
  diversified manufacturing
• A wide variety of Hawaii-grown foods, sold
  locally and exported to mainland
• Major Hawaiian industries are unionized
• International Longshoremens and Warehousemens
  Union (ILWU)

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Economic Sectors

• Trade
• Exports
• sugar, canned pineapples, garments, flowers,
  canned fish
• Imports
• Fuel, vehicles, food, and clothing
• Finance
• Chief sources of the states revenue are general
  excise tax, individual income taxes, and federal
  grants-in-aid.

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Economic Sector

• Transportation
• Ocean-surface transportation
• Honolulu Harbor
• Extensive docks, warehouses, and storage sheds
• Luxury cruise lines
• Air travel Honolulu International Airport

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Economic Limitations

• High cost of Living
• Transportation costs
• Housing difficult to acquire
• Building materials expensive- imports

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Economic Statistics of Hawaii

• Overall positive growth in 2006 for state economy
• State unemployment rate is one of the lowest in
  the nation.
• Hawaii civilian labor force increased 2.6 to a
  total of 648,050 people. (HI pop )
• Total civilian wage and salary job increased 2.6
• Housing for a single family price increased 10.8
  to 640,000
• Total number of visitors arriving by air to
  Hawaii increased 2.7

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Corrective Efforts

• Efforts have been made through legislation.
• Carefully planned housing located in communities

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Tourism