National Accounts: Real Gross Domestic Product for China, P.R.: Hong Kong
HKGNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-36.74%
Date Range
1/1/1990 - 1/1/2029
Summary
This series measures the real gross domestic product (GDP) for China's Hong Kong Special Administrative Region, adjusted for inflation. Real GDP is a key indicator of economic growth and helps policymakers assess the overall health of the Hong Kong economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Gross Domestic Product for China, P.R.: Hong Kong series tracks the total inflation-adjusted value of all goods and services produced within the Hong Kong economy. It is a widely-used metric for evaluating Hong Kong's economic performance and comparing it to other major global markets.
Methodology
The data is collected and calculated by the Hong Kong government's Census and Statistics Department.
Historical Context
This series is closely monitored by economists, investors, and policymakers to gauge Hong Kong's economic conditions and competitiveness.
Key Facts
- Hong Kong has one of the highest GDP per capita in the world.
- Hong Kong's economy is heavily service-oriented, with finance and trade as key drivers.
- China resumed sovereignty over Hong Kong in 1997 under the 'one country, two systems' principle.
FAQs
Q: What does this economic trend measure?
A: This series measures the total inflation-adjusted value of all goods and services produced within the Hong Kong economy, providing a comprehensive indicator of economic growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial metric for evaluating the overall health and performance of the Hong Kong economy, which is a major global financial and trade hub.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hong Kong government's Census and Statistics Department.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this series to assess Hong Kong's economic conditions and competitiveness, which informs decision-making and investment strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic developments in Hong Kong.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for China, P.R.: Hong Kong (HKGNGDPRPCPPPT), retrieved from FRED.