The economic architecture of Hong Kong is substantial, anchored by a Gross Domestic Product (GDP) of approximately $380.81B
2023
On a per capita basis, GDP stands at $50.53K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $539.2B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 3.3%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at 1.7%.
2024
On the global stage, Hong Kong's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country exhibits a balanced trade profile, with exports making up 176.8% of GDP and imports 176.0%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 32.03% of the economy
2023
Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $453.77M annually
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $55,170
2023
The labor market demonstrates considerable strength, with a low unemployment rate of 2.8%, suggesting conditions close to full employment.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 85.8% of total employment
2023
.
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 1,566.396 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 0.4%
2021
Total greenhouse gas emissions were last recorded at 40.17K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

The economy exhibits robust health, characterized by a "Goldilocks" scenario of strong growth, low inflation, and low unemployment.

Trade & Investment Profile

A deeply globalized, export-powerhouse economy that is highly attractive to foreign capital, making it vulnerable but adaptive to global shifts.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.