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

14, Aug 2020, 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.
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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 %.