Constant GDP per capita for Hong Kong SAR, China
NYGDPPCAPKDHKG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,724.54
Year-over-Year Change
12.13%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Constant GDP per capita for Hong Kong SAR, China' trend measures the country's inflation-adjusted gross domestic product per person over time. This metric is widely used by economists to assess economic development 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
Constant GDP per capita is a key indicator of a population's economic well-being, providing insights into productivity, income levels, and the overall standard of living. It is an important tool for policymakers and analysts to evaluate a country's economic progress and compare it to other nations.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Constant GDP per capita is a crucial input for economic analysis, forecasting, and policy decisions.
Key Facts
- Hong Kong's constant GDP per capita was $47,555 in 2021.
- Hong Kong has one of the highest GDP per capita in the world.
- GDP per capita has grown significantly in Hong Kong over the past decades.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Hong Kong SAR, China' trend measures the inflation-adjusted gross domestic product per person in Hong Kong over time.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a key indicator of economic development and living standards, providing insights into a country's productivity, income levels, and overall standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a crucial input for economic analysis, forecasting, and policy decisions by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Hong Kong SAR, China (NYGDPPCAPKDHKG), retrieved from FRED.