Gross Domestic Product Per Capita for Hong Kong SAR, China
PCAGDPHKA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,107.03
Year-over-Year Change
47.31%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population. It is a key indicator of a region's economic well-being and standard of living.
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
GDP per capita for Hong Kong SAR, China is an important metric for understanding the economic development and growth of this major financial center. It provides insights into the overall prosperity and productivity of the Hong Kong economy.
Methodology
The data is calculated by the World Bank using official GDP and population figures.
Historical Context
GDP per capita is widely used by economists, policymakers, and investors to compare economic performance across countries and over time.
Key Facts
- Hong Kong has one of the highest GDP per capita in the world.
- GDP per capita in Hong Kong has grown rapidly over the past decades.
- The financial and service sectors are major drivers of Hong Kong's economy.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of Hong Kong divided by its population, providing a metric for the region's economic well-being and standard of living.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's economic development and productivity, making it highly relevant for economists, policymakers, and investors analyzing the Hong Kong economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official GDP and population figures for Hong Kong.
Q: How is this trend used in economic policy?
A: GDP per capita is widely used by economists and policymakers to compare economic performance and make informed decisions about economic policy, investment, and development strategies.
Q: Are there update delays or limitations?
A: The GDP per capita data for Hong Kong is updated regularly by the World Bank, but there may be some delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Hong Kong SAR, China (PCAGDPHKA646NWDB), retrieved from FRED.