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.”
