Price Level of GDP, average of GEKS-CPDW for Hong Kong SAR
PL2GDPHKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.28
Year-over-Year Change
-30.15%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Hong Kong SAR measures the overall price level of goods and services in Hong Kong's economy. This key indicator provides insights into the cost of living and purchasing power within the Hong Kong market.
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 Price Level of GDP metric tracks the price level of final consumption, capital formation, and net exports in Hong Kong. It is used by economists and policymakers to assess the broader inflationary environment and competitiveness of the Hong Kong economy.
Methodology
This data is calculated based on the Geary-Khamis-Elteto-Koves-Szulc (GEKS) multilateral method and the Country-Product-Dummy with Weighted Vectors (CPDW) approach.
Historical Context
The Price Level of GDP for Hong Kong is a valuable input for trade, investment, and economic policy decisions.
Key Facts
- Hong Kong has one of the highest price levels for GDP globally.
- Price levels in Hong Kong have risen steadily over the past decade.
- The Price Level of GDP metric is essential for analyzing Hong Kong's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Hong Kong SAR measures the overall price level of goods and services produced within the Hong Kong economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the cost of living and purchasing power in Hong Kong, which is crucial for economic analysis, trade, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Geary-Khamis-Elteto-Koves-Szulc (GEKS) multilateral method and the Country-Product-Dummy with Weighted Vectors (CPDW) approach.
Q: How is this trend used in economic policy?
A: The Price Level of GDP for Hong Kong is an important input for trade, investment, and broader economic policy decisions affecting the Hong Kong market.
Q: Are there update delays or limitations?
A: The data may have update delays and can be subject to revisions based on changes in methodology or data sources.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Hong Kong SAR (PL2GDPHKA621NUPN), retrieved from FRED.