Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Hong Kong SAR
PPCGDPHKA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,930.25
Year-over-Year Change
77.34%
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, using the Geary-Khamis (G-K) method and current prices.
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-converted GDP per capita metric adjusts standard GDP figures to account for differences in purchasing power across countries, providing a more accurate comparison of living standards. The G-K method is a widely used approach for these PPP calculations.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze economic development and compare living standards globally.
Key Facts
- Hong Kong's PPP-adjusted GDP per capita was $61,420 in 2021.
- This places Hong Kong among the world's highest in terms of living standards.
- The G-K method accounts for more goods and services than other PPP approaches.
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, using the Geary-Khamis (G-K) method and current prices.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric provides a more accurate comparison of living standards across countries by adjusting for differences in purchasing power, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze economic development and compare living standards globally, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and the PPP conversion factors used may not fully capture all regional price differences.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Hong Kong SAR (PPCGDPHKA620NUPN), retrieved from FRED.