Total Factor Productivity at Constant National Prices for Hong Kong
RTFPNAHKA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
4.92%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Hong Kong measures the overall efficiency of an economy in converting inputs into outputs. It is a key indicator of long-term economic growth and competitiveness.
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 metric provides insight into Hong Kong's productivity, reflecting technological progress, resource allocation, and management efficiency. Economists and policymakers use it to analyze productivity trends and understand drivers of economic performance.
Methodology
The data is calculated by the U.S. Federal Reserve based on inputs like capital, labor, and energy usage.
Historical Context
This productivity trend is closely watched by investors and policymakers to gauge Hong Kong's economic health and competitiveness.
Key Facts
- Hong Kong has consistently ranked among the world's most productive economies.
- Productivity growth is a key driver of Hong Kong's economic success.
- The metric is adjusted for inflation to provide a real, constant-price measure.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of Hong Kong's economy in converting inputs like capital and labor into economic outputs. It provides a comprehensive assessment of productivity.
Q: Why is this trend relevant for users or analysts?
A: This productivity trend is a critical indicator of Hong Kong's long-term economic growth potential and competitiveness. It offers insights into the drivers of the city's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on inputs like capital, labor, and energy usage in Hong Kong's economy.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor this productivity metric to assess Hong Kong's economic health and identify opportunities for policy interventions to enhance competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the metric is calculated based on a range of economic inputs. Users should check the latest release date when interpreting the data.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Hong Kong (RTFPNAHKA632NRUG), retrieved from FRED.