Economy of Hong Kong
Population: 7.45 M (2018)
GDP per Capita: 48,676 USD (2018)
362,680 M.

GDP USD

(2018)

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682,870 M.

EXPORTS USD

(2018)

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682,640 M.

IMPORTS USD

(2018)

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0.05 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.00 % (2018)
GDP of 2010 USD USD 289.00 B. (2018)
GDP Current USD USD 362.68 B. (2018)
GDP per Capita Current USD USD 48,676 (2018)
GDP per capita, PPP USD 57,318 (2018)
GDP per Capita, 2010 USD USD 38,782 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 9.88 % (2018)
Government Spending USD 35.85 B. (2018)
Government Debt % GDP 0.05 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 97.12 (2018)
Trade Openness 376.50 % (2018)
Exports of Goods and Services % GDP 188.28 % (2018)
Exports Goods & Services USD 682.87 B. (2018)
Exports Annual Growth 3.85 % (2018)
Imports as % GDP 188.22 % (2018)
Total Imports USD 682.64 B. (2018)
Foreign Direct Investment % GDP 23.84 % (2018)
Foreign Direct Investment USD 86.46 B. (2018)
Current Account Balance % GDP USD 4.29 % (2018)
Current Account Balance USD 15.56 B. (2018)
Trade Balance % GDP 0.06 % (2018)
Trade Balance USD 0.23 B. (2018)
Foreign Exchange Reserves incl Gold USD 424.62 B. (2018)
Remittances % GDP 0.12 % (2018)
Remittances 0.12 % (2018)
Balance of Payments USD 7,928 M. (2018)

Labor Market

Indicator Value
Labor Force 3.95 M. (2019)
Unemployment Rate 2.76 % (2019)
Unemployment Rate Females 3.20 % (2019)
Unemployment Rate Males 4.05 % (2019)
Youth Unemployment (ages 15-24) 8.03 % (2019)
Labor Force Participation Rate 59.95 % (2019)
Labor Force (Percent Female) 49.40 % (2019)
Female Labor Force Participation Rate 53.81 % (2019)
Male Labor Force Participation Rate 67.48 % (2019)
Dependent People 40.40 % (2018)

Agriculture Sector

Indicator Value
Forest Area
Forest Area km²
Agricultural Land 4.76 % (2016)
Agricultural Land km² 50 km² (2016)
Employment 0.20 % (2019)
Value added % GDP 0.06 % (2018)
Agriculture Value added USD 0.22 B. (2018)
Crop Production Index 101.30 (2016)
Precipitation
Arable Land 3 % (2016)
Cereal Yield 2,000 kg/hectare (2017)
Food production index 59 (2016)
Rural Population
Fertilizer use of Arable Land 2,704 kg/hectare (2016)
Livestock Production Index 51 (2016)
Economy of Hong Kong

According to the World Bank and its latest published data, the economy of the Hong Kong presents a growth rate of 3.00 % (2018) to the previous year.

With a population that reaches 7.45 M (2018) and a gross domestic product of USD 362.68 B. (2018), it translates a Gross Domestic Product per Capita of USD 48,676 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Hong Kong also has a workforce of 3.95 M. (2019) with an unemployment rate of 2.76 % (2019), where women represent 3.20 % (2019) and men 4.05 % (2019), the unemployment rate for young people between 15-24 years old stood at 8.03 % (2019). The total number of dependent people stands at 40.40 % (2018).

The central government spent 9.88 % (2018) of its gross domestic product that year, which in absolute terms is USD 35.85 B. (2018). Its consolidated public debt reached 0.05 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Hong Kong exported USD 682.87 B. (2018), which represents 188.28 % (2018) of its gross domestic product, in that same sense its imports reached USD 682.64 B. (2018) with a direct foreign investment of USD 86.46 B. (2018).

Hong Kong has a forest area of , which represents of its total area, an average rainfall of per year and a population of living in rural areas. With a total area of 50 km² (2016) available for agriculture and 0.20 % (2019) of its employments, the agricultural sector contributes to the economy of the Hong Kong about USD 0.22 B. (2018) (0.06 % (2018) of its GDP).