Hawaii rides wave of economic growth into 2013
Hawaii can expect to see a surge of economic growth over the next few years, according to data released by the state Department of Business, Economic Development and Tourism this Friday.
Chief among the reasons for this surge is the growth of tourism over the last year. After seeing an increase of nearly 10 percent in visitors in 2012, the department forecasts a 5.4 percent increase for 2013.
Additionally, Hawaii’s job market is set to expand 2.2 percent this year to 614,500 jobs, and early estimates for 2014 put this number at 625,600.
The state expects to see a personal income growth of 5 percent in 2013 , further demonstrating the state’s renewed economic strength.