Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Hong Kong SAR
RGDPCHHKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,684.72
Year-over-Year Change
49.15%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Hong Kong SAR. It provides a standardized comparison of economic productivity and living standards across countries.
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 PPP-converted GDP per capita metric adjusts the total economic output of a country by the local purchasing power of its currency. This allows for more accurate comparisons of living standards and development between economies.
Methodology
The data is calculated by the World Bank using exchange rates and price levels.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Key Facts
- Hong Kong has one of the highest GDP per capita in the world.
- Its PPP-adjusted GDP per capita exceeds that of many advanced economies.
- The metric has increased significantly in Hong Kong over the past decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Hong Kong SAR, which provides a standardized comparison of economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to adjust the total economic output of Hong Kong.
Q: How is this trend used in economic policy?
A: The PPP-adjusted GDP per capita metric is used by markets, economists, and institutions to evaluate the economic performance and development of Hong Kong relative to other countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in accurately measuring prices and exchange rates across all sectors of the economy.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Hong Kong SAR (RGDPCHHKA625NUPN), retrieved from FRED.