The Department of Business Economic Development and Tourism released its first quarter 2021 Statistical and Economic Report. The department projects that Hawai‘i’s economy will experience improvement in 2021, with a projected 2.7 percent increase in real gross domestic product.
In a statement DBEDT Director Mike McCartney said, “It has been one year since the onset of COVID-19 and it’s been a tough and challenging time for all of us. I can see positive and encouraging signs ahead for Hawai‘i’s economic prosperity with Hawai‘i’s Safe Travels program fully in place and the aggressive rollout of our statewide vaccination program, coupled with the fact that we have the lowest number of new COVID-19 cases in the country. Given all these signs, I am now more optimistic about Hawai‘i’s social, environmental, and economic prosperity in the future.”
Hawai i s Economy Projected to Grow 2 7 Percent This Year
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Hawai i s Economy Projected to Grow 2 7 Percent This Year
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After a decade of steady growth in visitor arrivals following the Great Recession, Hawaii set a record in 2019 with 10.4 million visitors. The Covid-19 pandemic wiped out those gains and then some, with 2020 registering the fewest number of visitors to the Aloha State since the mid-1970s.
Hawaii started 2020 on pace to set another record, but the first flight cancellations related to the pandemic occurred in February and were soon followed by the CDC s No Sail Order for cruise ships on March 14. Three days later, Gov. David Ige requested those scheduled to visit the Islands in the coming weeks postpone their trips. The shutdown began in earnest on March 26.