Hong Kong (Hong Kong SAR (Special Administrative Region)) Economic Statistics and Indicators

22, Sep 2018, EDT. Welcome to the Hong Kong economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Hong Kong (Hong Kong SAR (Special Administrative Region)) › Change country
National or Regional Currency: Hong Kong Dollar, HKD
Year of data: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 7,112,688 (July 2014 est.) ; note: American civilians evacuated in 1942 after Japanese air and naval attacks during World War II; occupied by US military during World War II, but abandoned after the war; public entry is by special-use permit from US Fish and Wildlife Service only and generally restricted to scientists and educators; visited annually by US Fish and Wildlife Service
Area: total: 1,104 sq km ; land: 1,054 sq km ; water: 50 sq km
Natural Resources: outstanding deepwater harbor, feldspar

Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 12% of total system deposits in Hong Kong by the end of 2013. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's total trade by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.
More on the Hong Kong Economy
More on the Hong Kong Export, Import and Trade

Economic Indicator Listing
  For Hong Kong in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.361 %
GDP (Current Prices, National Currency)HKD 2,402.51 Billion.
GDP (Current Prices, US Dollars)US$ 309.931 Billion
GDP Deflator 106.95 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)HKD 307,239.85 .
GDP Per Capita (Current Prices, National Currency)HKD 328,593.81 .
GDP Per Capita (Current Prices, US Dollars)US$ 42,389.63
GDP (PPP), US DollarsUS$ 414.566 Billion
GDP Per Capita (PPP), US DollarsUS$ 56,700.77
GDP Share of World Total (PPP) 0.365 %
Implied PPP Conversion Rate 5.795
Investment (% of GDP) 21.791 %
Gross National Savings (% of GDP) 24.822 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 123.825 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3.037 %
Inflation, End of Year (Indexed to Year 2000) 127.148 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.037 %
Import Volume of All Items Including Goods and Services (Percent Change) -1.765 %
Import Volumes of Goods Only (Percent Change) -2.501 %
Export Volume of All Items Including Goods and Services (Percent Change) -1.485 %
Export Volumes of Goods Only (Percent Change) -1.725 %
Unemployment Rate (% of Labour Force) 3.252 %
Employment 3.76 Million
Population 7.311 Million
General government revenue (National Currency)HKD 462.27 Billions.
General government revenue (% of GDP) 19.07 %
General government total expenditure (National Currency)HKD 426.981 Billions.
General government total expenditure (% of GDP) 17.614 %
Total Government Net Lending/ Borrowing (National Currency)HKD 35.289 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 1.456 %
General Government Structural Balance (National Currency)HKD 30.091 Billion.
General Government Structural Balance (% Potential GDP) 1.237 %
Fiscal Year Gross Domestic Product, Current PricesHKD 2,424.10 Billions.
Current Account Balance (US Dollars)US$ 9.395 Billion
Current Account Balance (% GDP) 3.031 %
Economic Indicators for Hong Kong 2015

GDP (Constant Prices, National Currency) for Hong Kong in year 2015 is HKD 2,246.38 Billion.

GDP Growth (Constant Prices, National Currency) for Hong Kong in year 2015 is 2.361 %.

GDP (Current Prices, National Currency) for Hong Kong in year 2015 is HKD 2,402.51 Billion.

GDP (Current Prices, US Dollars) for Hong Kong in year 2015 is US$ 309.931 Billion.

GDP Deflator for Hong Kong in year 2015 is 106.95 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Hong Kong in year 2015 is HKD 307,239.85 .

GDP Per Capita (Current Prices, National Currency) for Hong Kong in year 2015 is HKD 328,593.81 .

GDP Per Capita (Current Prices, US Dollars) for Hong Kong in year 2015 is US$ 42,389.63 .

GDP (PPP), US Dollars for Hong Kong in year 2015 is US$ 414.566 Billion.

GDP Per Capita (PPP), US Dollars for Hong Kong in year 2015 is US$ 56,700.77 .

GDP Share of World Total (PPP) for Hong Kong in year 2015 is 0.365 %.

Implied PPP Conversion Rate for Hong Kong in year 2015 is 5.795 .

Investment (% of GDP) for Hong Kong in year 2015 is 21.791 %.

Gross National Savings (% of GDP) for Hong Kong in year 2015 is 24.822 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Hong Kong in year 2015 is 123.825 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Hong Kong in year 2015 is 3.037 %.

Inflation, End of Year (Indexed to Year 2000) for Hong Kong in year 2015 is 127.148 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Hong Kong in year 2015 is 3.037 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Hong Kong in year 2015 is -1.765 %.

Import Volumes of Goods Only (Percent Change) for Hong Kong in year 2015 is -2.501 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Hong Kong in year 2015 is -1.485 %.

Export Volumes of Goods Only (Percent Change) for Hong Kong in year 2015 is -1.725 %.

Unemployment Rate (% of Labour Force) for Hong Kong in year 2015 is 3.252 %.

Employment for Hong Kong in year 2015 is 3.76 Million .

Population for Hong Kong in year 2015 is 7.311 Million .

General government revenue (National Currency) for Hong Kong in year 2015 is HKD 462.27 Billions.

General government revenue (% of GDP) for Hong Kong in year 2015 is 19.07 %.

General government total expenditure (National Currency) for Hong Kong in year 2015 is HKD 426.981 Billions.

General government total expenditure (% of GDP) for Hong Kong in year 2015 is 17.614 %.

Total Government Net Lending/ Borrowing (National Currency) for Hong Kong in year 2015 is HKD 35.289 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Hong Kong in year 2015 is 1.456 %.

General Government Structural Balance (National Currency) for Hong Kong in year 2015 is HKD 30.091 Billion.

General Government Structural Balance (% Potential GDP) for Hong Kong in year 2015 is 1.237 %.

Fiscal Year Gross Domestic Product, Current Prices for Hong Kong in year 2015 is HKD 2,424.10 Billions.

Current Account Balance (US Dollars) for Hong Kong in year 2015 is US$ 9.395 Billion.

Current Account Balance (% GDP) for Hong Kong in year 2015 is 3.031 %.

* Source: IMF
Aggregate Indicators for Hong Kong
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Hong Kong
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Hong Kong
  Natural Resources, Agricultural Products, Land Use and Water Use for Hong Kong
  Nationality, Ethnic Groups, Languages and Religions for Hong Kong
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Hong Kong
  Age Structure, Median Age, Gender and Urbanization for Hong Kong
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Hong Kong
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Hong Kong
  HIV, AIDS and Other Major Infectious Disease Rates for Hong Kong
  Literacy Rate, Educational Expenditure and School Life Expectancy for Hong Kong
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Hong Kong
  Industries and Industrial Growth Production Rate for Hong Kong
  Labor Force by Occupation for Hong Kong
  Poverty Line, Gini Index, Household Income and Consumption for Hong Kong
  National Budget and Public Debt for Hong Kong
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Hong Kong
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Hong Kong
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Hong Kong
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Hong Kong
  Foreign Exchange Reserves and Gold Reserves for Hong Kong
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Hong Kong
  Exchange Rate Statistics for Hong Kong
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Hong Kong
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Hong Kong
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Hong Kong
  Television and Radio Statistics (TV Stats, Radio Stats) for Hong Kong
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Hong Kong
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Hong Kong
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Hong Kong
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Hong Kong
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Hong Kong
* Source: CIA
Internet Indicators for Hong Kong
Indicators
  Number of Internet Users for Hong Kong
  Internet Penetration Rate for Hong Kong
  Number of Facebook Accounts for Hong Kong
  Facebook Penetration Rate for Hong Kong
* Source: IWS
Economic Freedom Indicators for Hong Kong
Indicators
  Economic Freedom World Rank for Hong Kong
  Government Spending for Hong Kong
  Monetary Freedom for Hong Kong
  Investment Freedom for Hong Kong
  Financial Freedom for Hong Kong
  Property Rights for Hong Kong
  Economic Freedom Regional Ranking for Hong Kong
  Freedom from Corruption for Hong Kong
  Labor Freedom for Hong Kong
  Tariff Rate for Hong Kong
  Income Tax Rate for Hong Kong
  Corporate Tax Rate for Hong Kong
  Tax Burden % of GDP for Hong Kong
  Government Expenditure % of GDP for Hong Kong
  Business Freedom for Hong Kong
  Trade Freedom for Hong Kong
  Fiscal Freedom for Hong Kong
  2016 Score for Hong Kong
* Source: HFO
Hong Kong Economic Indicators in other Years
  Hong Kong Economic Indicators for Year 2021 (Forecast)
  Hong Kong Economic Indicators for Year 2020 (Forecast)
  Hong Kong Economic Indicators for Year 2019 (Forecast)
  Hong Kong Economic Indicators for Year 2018 (Forecast)
  Hong Kong Economic Indicators for Year 2017 (Forecast)
  Hong Kong Economic Indicators for Year 2016 (Forecast)
Hong Kong Economic Indicators for Year 2015 (Current)
  Hong Kong Economic Indicators for Year 2014
  Hong Kong Economic Indicators for Year 2013
  Hong Kong Economic Indicators for Year 2012
  Hong Kong Economic Indicators for Year 2011
  Hong Kong Economic Indicators for Year 2010
  Hong Kong Economic Indicators for Year 2009
  Hong Kong Economic Indicators for Year 2008
  Hong Kong Economic Indicators for Year 2007
  Hong Kong Economic Indicators for Year 2006
  Hong Kong Economic Indicators for Year 2005
  Hong Kong Economic Indicators for Year 2004
  Hong Kong Economic Indicators for Year 2003
  Hong Kong Economic Indicators for Year 2002
  Hong Kong Economic Indicators for Year 2001
  Hong Kong Economic Indicators for Year 2000
  Hong Kong Economic Indicators for Year 1999
  Hong Kong Economic Indicators for Year 1998
  Hong Kong Economic Indicators for Year 1997
  Hong Kong Economic Indicators for Year 1996
  Hong Kong Economic Indicators for Year 1995
  Hong Kong Economic Indicators for Year 1994
  Hong Kong Economic Indicators for Year 1993
  Hong Kong Economic Indicators for Year 1992
  Hong Kong Economic Indicators for Year 1991
  Hong Kong Economic Indicators for Year 1990
  Hong Kong Economic Indicators for Year 1989
  Hong Kong Economic Indicators for Year 1988
  Hong Kong Economic Indicators for Year 1987
  Hong Kong Economic Indicators for Year 1986
  Hong Kong Economic Indicators for Year 1985
  Hong Kong Economic Indicators for Year 1984
  Hong Kong Economic Indicators for Year 1983
  Hong Kong Economic Indicators for Year 1982
  Hong Kong Economic Indicators for Year 1981
  Hong Kong Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International