Is the Economy of Hawaii Dwindling?

HAWAII PER CAPITA TAX BURDENpopularity is unmatched. Every year the islands
The per capita tax burden is pretty high in Hawaiiplay host to over a million tourists. All these
and in recent years it has seen the tax per capitatourists add to the money by paying for a
reaching new heights as it was the highest in thenumber of things like the room tax or the general
U.S. One reason behind this may be that theexcise tax etc. With each passing year, the
education system and also the health systems allpopularity is increasing and so is the tourism which
are under the state and work at the state level;is directly related to its revenue.
whereas in other parts it is in the municipal level.HAWAII ECONOMIC HISTORY
HAWAII and OILThe main industries in Hawaii prior to it being
A Gas Cap Law was enacted in Hawaii at a timemade into a U.S state in 1959 were sugarcane,
when the profits were under the microscope andmilitary, education, sandalwood, whaling and
the prices of oil were to be kept in relation to thepineapple. After statehood, tourism has been the
prices of oil that was sold in the mainland U.S. Itmain industry. It contributes a lot to the GSP.
was due to the Hurricane Katrina that the lawHAWAII EXPORTS
was put on stand-by. Hawaii was the only thatExports play a small role in the growth of the
could manipulate the prices of oil using the law ofeconomy of Hawaii. In terms of exporting, Hawaii
Gas Cap.is engaged in apparel and also food processing. In
HAWAII TOURISMterms of food, Hawaii exports coffee, pineapple,
Hawaii as perhaps every living soul on this planetcane sugar and macadamia nuts.
knows is a very famous tourist destination. Its