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Hawaii Real Estate
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Hawaii Economy
The history of Hawaii can be traced through a succession of dominating industries: sandalwood, whaling, sugarcane, pineapple, military, tourism, and education. Since statehood was achieved in 1959, tourism continues to be the largest industry in Hawaii. Most recently, new efforts were created to diversify the economy.
The total gross output for the state in 2003 was USD $47 billion. Per capita income for Hawaii residents was USD $30,441.
Industrial exports from Hawai‘i include food processing and apparel. However, because of the considerable shipping distance to markets on the west coast of the United States and ports of Japan, these industries play a small role in the Hawaii economy.
The main agricultural exports are nursery stock and flowers, coffee, macadamia nuts, pineapple, livestock, and sugar cane. Agricultural sales for 2002, according to the Hawai‘i Agricultural Statistics Service, were USD $370.9 million from diversified agriculture, USD $100.6 million from pineapple, and USD $64.3 million from sugarcane.
Hawaii is known for its relatively high per capita state tax burden. In the years 2002 and 2003, Hawai'i residents had the highest state tax per capita at USD $2,757 and USD $2,838 respectively.
This rate can be explained partly by the fact that services such as education, health care and social services are all rendered at the state level — as opposed to the municipal level as all other states. Also, millions of tourists contribute to the collection figure by paying the general excise tax and hotel room tax. Therefore, not all the taxes collected come directly from residents.
However, business leaders have often considered the state's tax burden as being too high, contributing to both higher prices and the perception of an unfriendly business climate.
Of course, the area is the perfect place to buy Hawaii condos.
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Hawaii condos, Hawaii
condos for sale, Hawaii highrise condos, Hawaii high rise condos, condos in Hawaii, Hawaii condominiums, Hawaii condominiums, Hawaii condo, Hawaii
condo for sale, Hawaii highrise condo, Hawaii high rise condo, condo in Hawaii, Hawaii condominium, Hawaii condominium
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Hawaii condos, Hawaii
condos for sale, Hawaii highrise condos, Hawaii high rise condos, condos in Hawaii, Hawaii condominiums and Hawaii condominiums.
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