National Accounts: Gross Domestic Product for China, P.R.: Hong Kong
HKGNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
464,975,539,255.00
Year-over-Year Change
44.91%
Date Range
1/1/2016 - 1/1/2024
Summary
The National Accounts: Gross Domestic Product for China, P.R.: Hong Kong measures the total value of all goods and services produced in Hong Kong. It is a key indicator of economic growth and activity in this major global financial center.
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 gross domestic product (GDP) of Hong Kong, expressed in U.S. dollars. GDP is the most comprehensive measure of a region's economic output and is closely watched by policymakers, economists, and investors to assess the health and trajectory of the Hong Kong economy.
Methodology
The data is collected and calculated by the Census and Statistics Department of the Hong Kong government.
Historical Context
Hong Kong's GDP growth is an important factor in global trade and investment decisions.
Key Facts
- Hong Kong has one of the highest GDP per capita globally.
- Services account for over 90% of Hong Kong's GDP.
- Hong Kong's GDP contracted in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced in Hong Kong, which is the key indicator of the size and growth of the Hong Kong economy.
Q: Why is this trend relevant for users or analysts?
A: Hong Kong's GDP growth is closely watched by policymakers, economists, and investors as an important barometer of economic activity and a key factor in global trade and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Census and Statistics Department of the Hong Kong government.
Q: How is this trend used in economic policy?
A: Hong Kong's GDP growth is a crucial indicator for policymakers in assessing the health of the Hong Kong economy and informing economic and fiscal policies.
Q: Are there update delays or limitations?
A: The GDP data for Hong Kong is typically published on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, National Accounts: Gross Domestic Product for China, P.R.: Hong Kong (HKGNGDPDUSD), retrieved from FRED.