Hong Kong: Economy
Due to Hong Kong Government and growing Chinese political influence , the information on these pages may not reflect current conditions in the country.
(by per capita GNI) Source: The World Bank
Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income
Level of Development
Source: United Nations
Possible values: Developed, In Transition and Developing
Hong Kong levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol.
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 Industries Source: CIA World Factbook||
Textiles; Clothing; Tourism; Banking
Gross Domestic Product (GDP) 
|GDP, PPP (current international)||$507,244,065,762 (2022)|
|GDP Growth Rate (annual %)||-3.476% (2022)|
|GDP Per Capita, PPP (current international)||$69,049 (2022)|
GDP Country Rank 48/197 (2022)
GDP Composition %
Economic Indicators 
|Inflation, consumer prices (annual %)||1.881% (2022)|
|External debt stocks, total (DOD, current US$)||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$)||$38,603,372,823 (2022)|
Labor and Employment 
|Labor Force, Total||3,814,661 (2022)|
|Employment in Agriculture (% of total employment)||0.186% (2021)|
|Employment in Industry (% of total employment)||13.51% (2021)|
|Employment in Services (% of total employment)||86.304% (2021)|
|Unemployment Rate||5.058% (2022)|
|Imports of goods and services (current US$)||$683,440,714,217 (2022)|
|Exports of goods and services (current US$)||$697,587,069,177 (2022)|
|Total Merchandise Trade (% of GDP)||355.014% (2022)|
|FDI, net inflows (BoP, current US$)||$120,951,629,239 (2022)|
|Commercial Service Exports (current US$)||$83,589,224,723 (2022)|
Economic Snapshot 
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.