Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hong Kong SAR
KCPPPGHKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.17
Year-over-Year Change
-9.85%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the share of purchasing power parity (PPP) converted GDP per capita that goes towards consumption in Hong Kong. It provides insights into the spending patterns and living standards 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 consumption share of PPP-converted GDP per capita tracks the proportion of total economic output that is dedicated to private consumption in Hong Kong. This metric is useful for analyzing trends in household spending, living standards, and the overall structure of the Hong Kong economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and economists use this indicator to understand the drivers of economic growth and development in Hong Kong.
Key Facts
- Hong Kong has one of the highest GDP per capita globally.
- Consumption accounts for over 60% of Hong Kong's GDP.
- The consumption share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of purchasing power parity (PPP) converted GDP per capita that is dedicated to private consumption in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into household spending patterns and living standards in Hong Kong, which are key factors for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze the drivers of economic growth and the structure of the Hong Kong economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Hong Kong SAR (KCPPPGHKA156NUPN), retrieved from FRED.