Price Level of Government Consumption for Hong Kong
PLGCPPHKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
77.75%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Hong Kong measures the relative cost of government goods and services in Hong Kong compared to the United States. It is a key indicator for assessing the cost-competitiveness of Hong Kong's public sector.
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
This trend represents the price level of government consumption in Hong Kong, expressed relative to the United States. It is used to compare the cost of public services and government operations between the two economies.
Methodology
The data is calculated by the International Monetary Fund using a variety of sources.
Historical Context
Policymakers and analysts use this indicator to evaluate Hong Kong's fiscal and economic competitiveness.
Key Facts
- Hong Kong's government consumption price level was 78.47 in 2021.
- The price level has remained relatively stable over the past decade.
- Hong Kong's public sector is more cost-effective than the U.S. based on this metric.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Hong Kong measures the relative cost of government goods and services in Hong Kong compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for assessing the cost-competitiveness of Hong Kong's public sector and comparing the efficiency of government operations between economies.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using a variety of sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Hong Kong's fiscal and economic competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Hong Kong (PLGCPPHKA670NRUG), retrieved from FRED.