Due to Hong Kong Government and growing Chinese political influence , the information on these pages may not reflect current conditions in the country.

Economic Trivia

Hong Kong levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): China, United States, and Singapore
Top 3 Exported Goods (2021): Electrical Machinery, Industrial Machinery, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Textiles; Clothing; Tourism; Banking

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $507,244,065,762 (2022)
GDP Growth Rate (annual %) -3.476% (2022)
GDP Per Capita, PPP (current international) $69,049 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 48/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.881% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 21.9% (2019)
Real Interest Rate (5 year average %) 3.235% (2022)
Manufacturing, value added (% of GDP) 0.913% (2021)
Current Account Balance (BoP, current US$) $38,603,372,823 (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,814,661 (2022)
Employment in Agriculture (% of total employment) 0.186% (2021)
Employment in Industry (% of total employment) 13.51% (2021)
Employment in Services (% of total employment) 86.304% (2021)
Unemployment Rate 5.058% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $683,440,714,217 (2022)
Exports of goods and services (current US$) $697,587,069,177 (2022)
Total Merchandise Trade (% of GDP) 355.014% (2022)
FDI, net inflows (BoP, current US$) $120,951,629,239 (2022)
Commercial Service Exports (current US$) $83,589,224,723 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Hong Kong’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank