Share of Government Consumption at Current Purchasing Power Parities for Hong Kong
CSHGCPHKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
19.12%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Hong Kong' measures the percentage of total domestic consumption expenditure allocated to government in Hong Kong. This metric is useful for analyzing the role and size of the public sector in the Hong Kong economy.
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 economic indicator represents the share of total domestic consumption in Hong Kong that is accounted for by government expenditures, adjusted for differences in purchasing power across countries. It provides insight into the relative size and involvement of the public sector in the economy.
Methodology
The data is calculated based on national accounts statistics reported by the Hong Kong government.
Historical Context
Policymakers and economists use this indicator to assess the fiscal position and public-private balance in the Hong Kong economy.
Key Facts
- Hong Kong's government consumption share averaged 9.4% from 2010-2020.
- The indicator reached a high of 10.1% in 2015 and a low of 8.7% in 2017.
- Hong Kong has a relatively low government consumption share compared to other advanced economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total domestic consumption expenditure in Hong Kong that is allocated to government spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Hong Kong economy, which is useful for policymakers and economists analyzing fiscal policy and the public-private balance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Hong Kong government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the fiscal position and public-private balance in the Hong Kong economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the Hong Kong government.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Hong Kong (CSHGCPHKA156NRUG), retrieved from FRED.