Hong Kong: Economy

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: China, United States, and Japan
Top 3 Exported Goods: Electrical Machinery, Precious Stones & Metals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Textiles; Clothing; Tourism; Banking

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $382 billion (2013)
GDP Growth Rate (annual %) 2.932% (2013)
GDP Per Capita, PPP (current international $) $53,203 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 44/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 4.352% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 22.9% (2013)
Real Interest Rate (5 year average %) 3.589% (2013)
Manufacturing, value added (% of GDP) 1.551% (2012)
Current Account Balance (BoP, current US$) $4,414,000,475 (2012)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 3,730,586 (2012)
Employment in Agriculture (% of total employment) 0.2% (2009)
Employment in Industry (% of total employment) 11.6% (2012)
Employment in Services (% of total employment) 87.7% (2012)
Unemployment Rate 3.3% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $626,780 million (2013)
Exports of goods and services (current US$) $629,109 million (2013)
Total Merchandise Trade (% of GDP) 398.883% (2012)
FDI, net inflows (BoP, current US$) $76,639 million (2013)
Commercial Service Exports (current US$) $97,851,682,714 (2012)
Click on a row to display its 5-year graph on the right.

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

Glossary