Hong Kong/Economy

Economy of Hong Kong

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$380.8B(2023)
GDP PPP (USD)
$539.2B(2023)
GDP per Capita (USD)
$50,532(2023)
GDP Growth (inflation-adjusted)
3.3%(2023)
Inflation (CPI Annual %)
1.7%(2024)

Trade & Finance

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Exports (as share of GDP)
176.8%(2023)
Imports (as share of GDP)
176%(2023)
FDI Inflows (as share of GDP)
32%(2023)
Remittance Inflow (USD)
$453.8M(2023)

Labor & Income

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Unemployment Rate
2.8%(2024)
Employment in Services
85.8%(2023)
GNI per Capita (USD)
$55,170(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
1566 kg oil eq.(2022)
Renewable Energy Consumption (%)
0.4%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Hong Kong

  • 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 in Purchasing Power Parity (PPP) terms is estimated at $539.2B, reflecting the population's domestic purchasing power. The economy demonstrates solid growth, expanding at a rate of 3.3%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 1.7%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country has a relatively balanced trade profile, with exports making up 176.8% of GDP and imports 176.0%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 32.03% of the economy
    2023
    Additionally, personal remittances received amount to a substantial $453.77M annually
    2023
    , highlighting the economic importance of its diaspora.
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $55,170
    2023
    The labor market is robust, with a low unemployment rate of 2.8%
    2024
    . The services sector is a primary driver of the labor market, accounting for 85.8% of total employment
    2023
    .
  • On the environment and energy front, energy consumption per capita is 1,566.396 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 0.4%
    2021

Key Economic Insights

Macroeconomic Health

The economy is in a "Goldilocks" state of strong growth, low inflation, and low unemployment, indicating robust macroeconomic health.

Trade & Investment Profile

A highly open, export-oriented economy that is deeply integrated into global markets and attractive to foreign capital.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

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.