Share of Household Consumption at Current Purchasing Power Parities for Hong Kong
CSHCCPHKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
43.85%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Hong Kong' measures the proportion of total consumption expenditure in Hong Kong. This metric is useful for analyzing economic performance and living standards.
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 series represents the share of total household consumption in Hong Kong, adjusted for differences in purchasing power across countries. It provides insights into the relative importance of consumer spending within the Hong Kong economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity information.
Historical Context
Policymakers and analysts use this metric to assess Hong Kong's economic development and compare living standards with other countries.
Key Facts
- Hong Kong's share of household consumption was 57.4% in 2021.
- This metric has remained relatively stable over the past decade.
- Hong Kong's consumption share is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total consumption expenditure by households in Hong Kong, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative importance of consumer spending within the Hong Kong economy, which is useful for analyzing economic performance and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Hong Kong's economic development and compare living standards with other countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in Hong Kong.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Hong Kong (CSHCCPHKA156NRUG), retrieved from FRED.