Real GDP at Constant National Prices for Hong Kong
RGDPNAHKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370,482.56
Year-over-Year Change
32.46%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Hong Kong' series measures the total inflation-adjusted economic output of Hong Kong. It is a key indicator of the overall health and growth of the Hong Kong economy.
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
This series represents the real, inflation-adjusted Gross Domestic Product (GDP) of Hong Kong, providing a comprehensive measure of the total economic activity and production within the country. It is a widely-used metric by economists, policymakers, and analysts to assess the performance and growth trajectory of the Hong Kong economy.
Methodology
The data is collected and calculated by the Hong Kong Census and Statistics Department based on national accounts information.
Historical Context
Policymakers and investors closely monitor this GDP metric to understand Hong Kong's macroeconomic conditions and make informed decisions.
Key Facts
- Hong Kong's real GDP grew by 6.4% in 2021.
- The service sector accounts for over 90% of Hong Kong's GDP.
- Hong Kong has one of the highest GDP per capita in the world.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Hong Kong' series measures the total inflation-adjusted economic output of Hong Kong, providing a comprehensive metric of the country's overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is highly relevant for economists, policymakers, and investors as it serves as a key indicator of Hong Kong's macroeconomic performance and growth trajectory, enabling informed decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hong Kong Census and Statistics Department based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers in Hong Kong and globally closely monitor this GDP metric to understand the state of the Hong Kong economy and make informed policy decisions to promote economic growth and stability.
Q: Are there update delays or limitations?
A: The GDP data is typically published on a quarterly basis, with a short delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Hong Kong (RGDPNAHKA666NRUG), retrieved from FRED.