Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Hong Kong SAR
RGDPL2HKA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,424.06
Year-over-Year Change
50.90%
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, derived from growth rates of domestic absorption. It provides insight into the standard of living and economic productivity of the Hong Kong population.
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 is a key metric for evaluating and comparing the economic well-being of populations across countries. This data series adjusts the raw GDP figures to account for differences in purchasing power, enabling more accurate international comparisons.
Methodology
The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to assess economic development and living standards.
Key Facts
- Hong Kong has one of the highest GDP per capita levels globally.
- Hong Kong's economy is highly service-oriented, with finance and trade as key drivers.
- PPP-adjusted GDP provides a more accurate picture of living standards than raw GDP.
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, derived from growth rates of domestic absorption.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key metric for evaluating and comparing the economic well-being and living standards of populations across countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Laspeyres method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international institutions to assess economic development and living standards.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the underlying sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Hong Kong SAR (RGDPL2HKA625NUPN), retrieved from FRED.