Expenditure-side Real GDP at Chained Purchasing Power Parities for Hong Kong
RGDPESHKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
440,554.28
Year-over-Year Change
22.68%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real (inflation-adjusted) Gross Domestic Product (GDP) of Hong Kong from the expenditure side, using chained purchasing power parities (PPPs) to facilitate cross-country comparisons.
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 expenditure-side real GDP at chained PPPs provides a comprehensive measure of Hong Kong's economic output, adjusting for both inflation and differences in purchasing power across countries. This allows for more accurate assessment of Hong Kong's economic performance relative to other major economies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Hong Kong's economic growth and competitiveness.
Key Facts
- Hong Kong's real GDP was $363 billion in 2021.
- Real GDP grew by 6.4% in 2021 after contracting in 2020.
- Hong Kong has one of the highest GDP per capita in the world.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) Gross Domestic Product (GDP) of Hong Kong, calculated from the expenditure side and using chained purchasing power parities (PPPs) to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive and internationally comparable measure of Hong Kong's economic output, allowing analysts to assess the territory's economic performance and competitiveness relative to other major economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to analyze Hong Kong's economic growth and competitiveness, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: There may be some delays in data updates, as the Federal Reserve relies on source data from statistical agencies. Additionally, the use of chained PPPs may introduce some limitations in cross-country comparisons over longer time periods.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Hong Kong (RGDPESHKA666NRUG), retrieved from FRED.