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 (2016): China, United States, and Japan
Top 3 Exported Goods (2016): Electrical Machinery, Precious Stones & Metals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Textiles; Clothing; Tourism; Banking

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $430,056,603,298 (2016)
GDP Growth Rate (annual %) 2.046% (2016)
GDP Per Capita, PPP (current international) $58,618 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 44/195 (2016)

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 %) 2.386% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 22.9% (2017)
Real Interest Rate (5 year average %) 3.166% (2016)
Manufacturing, value added (% of GDP) 1.111% (2016)
Current Account Balance (BoP, current US$) $12,711,203,776 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,952,213 (2017)
Employment in Agriculture (% of total employment) 0.215% (2017)
Employment in Industry (% of total employment) 13.042% (2017)
Employment in Services (% of total employment) 86.743% (2017)
Unemployment Rate 3.173% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $594,469,809,206 (2016)
Exports of goods and services (current US$) $601,303,350,811 (2016)
Total Merchandise Trade (% of GDP) 331.579% (2016)
FDI, net inflows (BoP, current US$) $133,259,182,325 (2016)
Commercial Service Exports (current US$) $98,533,295,571 (2016)
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