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The Economy of Hong Kong comes under the high-income group countries according to the
Classification of the Economies by Income FY 2005 by World Bank. It follows a free market economic system with high dependency on the International Trade and Commerce
Hong Kong Economy - Social Indicators
According to the July 2005 Estimated data, the total population of Hong Kong has reached at 6,898,686 with a growth rate of 0.65 %. The median rate is 39.4 years. The birth and death rates are calculated at 7.23 and 5.98 for 1000 populations. The Life Expectancy at birth among total population is calculated at 81.5 years. The infant mortality rate is 2.97 per 1000 life births. The net migration rate is 5.24 per 1000 populations.
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The literacy rate was 93.5% (age 15 and over has ever attended school total population) in the year 2002.
Key Economic Indicators of Hong Kong Economy
The Gross Domestic Product (Purchasing power parity) of the Hong Kong economy according to the estimated data of July 2005 is $254.2 billion with a real growth rate of 7 %. The GDP percapita (Purchasing power parity) is $36,800 in the same period.
The Per capita GDP in Hong Kong is comparable to that of the four big economies of Western Europe. GDP growth averaged at a rate of 5% from 1989 to 2005. The country has suffered two recessions in the past eight years due to the Asian financial crisis in 1997-1998 and the global downturn in 2001-2002.
Further Resources
Hong Kong Exporters Marketplace offering variety of Hong Kong Electronics Products from Quality Suppliers, Manufacturers and Wholesalers.
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