Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Hong Kong SAR
PC2GDPHKA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,464.56
Year-over-Year Change
76.99%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Hong Kong SAR. It provides a standardized metric for comparing economic productivity and living standards across countries.
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 PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to assess a country's economic development and living standards relative to other nations. It accounts for differences in cost of living to enable more accurate international comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis aggregation method to convert local currency GDP figures to a common international dollar.
Historical Context
This metric is widely referenced in economic analysis, policy discussions, and international comparisons of economic performance and prosperity.
Key Facts
- Hong Kong's PPP-adjusted GDP per capita was $57,725 in 2021.
- This places Hong Kong among the world's highest-income economies.
- Hong Kong's GDP per capita is over 4 times the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Hong Kong SAR. It provides a standardized metric for comparing economic productivity and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key indicator used by economists and policymakers to assess a country's economic development and living standards relative to other nations. It enables more accurate international comparisons by accounting for differences in cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis aggregation method to convert local currency GDP figures to a common international dollar.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in economic analysis, policy discussions, and international comparisons of economic performance and prosperity.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Hong Kong SAR (PC2GDPHKA620NUPN), retrieved from FRED.