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Hong Kong SAR China

Headline economic indicators for Hong Kong SAR China, with the most recent official readings.

Prices

Prices — Hong Kong SAR China
Indicator Value Change
Inflation rate · 1.4% -0.29 (-17.0%)
Consumer price index · 147.2 +2.08 (+1.4%)
House price index (quarterly) · 212.8 +8.42 (+4.1%)
House price inflation, year on year (quarterly) · 12.1% +4.18 (+53.1%)
Real house price index (quarterly) · 142.6 +5.56 (+4.1%)
Real house price growth, year on year (quarterly) · 10.0% +3.75 (+60.3%)
GDP deflator inflation · 1.0% -3.13 (-75.4%)

GDP

GDP — Hong Kong SAR China
Indicator Value Change
GDP growth rate · 3.5% +0.86 (+32.6%)
GDP per capita · 56,983.07 +2,708 (+5.0%)
GDP per capita, long-run history · 48,289 -1,717 (-3.4%)
GDP · 427,310,315,921.99 +18,941,633,507 (+4.6%)
GDP, PPP · 603,082,632,366 +36,204,158,281 (+6.4%)
GDP per capita, PPP · 80,423 +5,081 (+6.7%)
GDP per capita growth · 3.8% +1.04 (+37.3%)
GNI per capita · 62,500 +5,090 (+8.9%)
Agriculture to GDP · 0.0% -0.00 (-1.7%)
Industry to GDP · 6.2% -0.11 (-1.8%)
Manufacturing to GDP · 0.9% -0.01 (-1.2%)
Services to GDP · 91.5% +0.01 (+0.0%)
Household consumption to GDP · 66.2% -1.08 (-1.6%)
Gross capital formation to GDP · 18.3% +2.28 (+14.2%)
Gross savings to GDP · 30.6% +1.35 (+4.6%)

Labour

Labour — Hong Kong SAR China
Indicator Value Change
Unemployment rate · 2.8% -0.19 (-6.3%)
Labour force participation rate · 56.4% -0.48 (-0.8%)
Female labour force participation rate · 51.8% -0.45 (-0.9%)
Youth unemployment rate · 9.0% -0.55 (-5.8%)
Employment to population ratio · 54.8% -0.36 (-0.7%)
Employment in agriculture · 0.2% -0.00 (-2.0%)
Employment in industry · 14.0% -0.10 (-0.7%)
Employment in services · 85.8% +0.11 (+0.1%)

Money

Money — Hong Kong SAR China
Indicator Value Change
Real interest rate · 4.1% +2.59 (+170.9%)
Central bank policy rate · 4.3% +0.25 (+6.3%)
Real effective exchange rate (monthly) · 93.6 -0.22 (-0.2%)
Nominal effective exchange rate (monthly) · 100.5 +0.01 (+0.0%)
Private sector credit to GDP (quarterly) · 338.5% +9.99 (+3.0%)
Credit-to-GDP gap (quarterly) · -46.93 pp +10.36 (+18.1%)
Debt service ratio, private sector (quarterly) · 34.3% +0.70 (+2.1%)
Broad money to GDP · 481.0% +28.81 (+6.4%)
Private sector credit to GDP · 222.6% -7.54 (-3.3%)
Lending rate · 5.2% -0.56 (-9.8%)
Bank deposit rate · 0.2% -0.33 (-62.4%)
Stock market capitalization to GDP · 1,425.0% +310.89 (+27.9%)
Bank nonperforming loans · 1.6% -0.00 (-0.2%)
Official exchange rate · 7.8 -0.01 (-0.1%)

Trade

Trade — Hong Kong SAR China
Indicator Value Change
Current account to GDP · 12.2% -0.89 (-6.8%)
Exports to GDP · 199.8% +18.13 (+10.0%)
Imports to GDP · 196.9% +19.12 (+10.8%)
Trade to GDP · 396.6% +37.25 (+10.4%)
Exports of goods and services · 853,585,244,635.72 +111,885,877,158 (+15.1%)
Imports of goods and services · 841,321,555,766.43 +115,382,007,855 (+15.9%)
Trade balance, goods and services (annual) · 12,431,422,883.09 -3,335,146,520 (-21.2%)
Current account balance (annual) · 52,325,226,688.74 -1,321,234,302 (-2.5%)
Foreign direct investment to GDP · 28.3% -2.50 (-8.1%)
Remittances received to GDP · 0.1% -0.00 (-0.1%)
Total reserves, including gold · 425,554,111,033.18 +1,524,300,662 (+0.4%)
Reserves in months of imports · 5.7 -0.03 (-0.5%)

Government

Government — Hong Kong SAR China
Indicator Value Change
Government consumption to GDP · 12.6% -0.21 (-1.7%)
Education spending to GDP · 3.8% +0.00 (+0.1%)

Demography

Demography — Hong Kong SAR China
Indicator Value Change
Population · 7,498,900 -25,200 (-0.3%)
Population, long-run history · 7,387 -5.63 (-0.1%)
Population growth · -0.3% -0.18 (-110.5%)
Life expectancy · 85.4 +0.15 (+0.2%)
Fertility rate · 0.84 +0.09 (+12.0%)
Birth rate · 4.9 +0.50 (+11.4%)
Death rate · 7.0 -0.30 (-4.1%)
Urban population share · 100.0% +0.00 (+0.0%)
Population aged 65 and over · 23.7% +1.00 (+4.4%)
Population density · 7,165.8 -11.43 (-0.2%)
Net migration · 17,863 +37,135 (+192.7%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Hong Kong SAR China; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.