National Accounts: Real Total Domestic Demand for China, P.R.: Hong Kong
HKGNTDDRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.25
Year-over-Year Change
25.90%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic indicator measures the real total domestic demand for China's Special Administrative Region of Hong Kong. It is a key measure of economic activity and a leading indicator for policymakers and analysts.
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 National Accounts: Real Total Domestic Demand for China, P.R.: Hong Kong represents the total domestic consumption and investment within the Hong Kong economy, adjusted for inflation. It is a comprehensive metric used to assess the overall health and growth trajectory of the Hong Kong economy.
Methodology
The data is calculated by the Hong Kong Census and Statistics Department based on national accounts data.
Historical Context
Policymakers and economists monitor this indicator to gauge Hong Kong's economic performance and inform policy decisions.
Key Facts
- Hong Kong is a major global financial center.
- Domestic demand is a key driver of Hong Kong's economy.
- This indicator is released quarterly by the Hong Kong government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total domestic consumption and investment within the Hong Kong economy, adjusted for inflation. It provides a comprehensive view of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator used by policymakers and economists to assess the overall health and growth trajectory of the Hong Kong economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Hong Kong Census and Statistics Department based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to gauge Hong Kong's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: This indicator is released quarterly by the Hong Kong government, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, National Accounts: Real Total Domestic Demand for China, P.R.: Hong Kong (HKGNTDDRPCPPPT), retrieved from FRED.