The Gross Domestic Product per capita in Hong Kong was last recorded at 43572.96 US dollars in 2023. The GDP per Capita in Hong Kong is equivalent to 345 percent of the world's average. This dataset provides - Hong Kong GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the gross domestic product (GDP) per capita of Hong Kong from 1980 to 2023 with forecasts until 2029, at current market prices. In 2023, the GDP per capita of Hong Kong amounted to around 50,600 U.S. dollars.

The Gross Domestic Product per capita in Hong Kong was last recorded at 64467.58 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Hong Kong, when adjusted by Purchasing Power Parity is equivalent to 363 percent of the world's average. This dataset provides - Hong Kong GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the gross domestic product (GDP) of Hong Kong amounted to around 381 billion U.S. dollars at current prices, equivalent to around 2.98 trillion Hong Kong dollars. The city’s GDP grew by 3.3 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

This statistic shows the gross national income (GNI) per capita of Hong Kong from 2013 to 2023, at current market prices. In 2023, the GNI per capita of Hong Kong amounted to almost 432,500 Hong Kong dollars.

The Gross Domestic Product (GDP) in Hong Kong was worth 380.81 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Hong Kong represents 0.36 percent of the world economy. This dataset provides the latest reported value for - Hong Kong GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Hong Kong SAR (China) Investment: % of GDP

• Hong Kong SAR (China) Investment accounted for 16.4 % of its Nominal GDP in Dec 2024, compared with a ratio of 18.8 % in the previous quarter.
• Hong Kong SAR (China) investment share of Nominal GDP data is updated quarterly, available from Mar 1973 to Dec 2024, with an average ratio of 24.3 %.
• The data reached an all-time high of 40.0 % in Jun 1995 and a record low of 12.9 % in Dec 2022.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Census and Statistics Department provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Investment: % of GDP

• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8 % YoY in Mar 2023.
• Hong Kong SAR (China) Nominal GDP reached 91.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.2 % in Sep 2024.

Key information about Hong Kong SAR (China) Private Consumption: % of GDP

• Hong Kong SAR (China) Private Consumption accounted for 66.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.2 % in the previous quarter.
• Hong Kong SAR (China) Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1973 to Dec 2024, with an average share of 61.5 %.
• The data reached an all-time high of 75.3 % in Jun 2023 and a record low of 53.0 % in Sep 1989.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Census and Statistics Department provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Private Consumption: % of GDP

• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8 % YoY in Mar 2023.
• Its Nominal GDP reached 91.4 USD bn in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.2 % in Sep 2024.

SNA08: GDP: Per Capita data was reported at 422,242.000 HKD in 2024. This records an increase from the previous number of 395,907.000 HKD for 2023. SNA08: GDP: Per Capita data is updated yearly, averaging 148,460.000 HKD from Dec 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 422,242.000 HKD in 2024 and a record low of 2,353.000 HKD in 1961. SNA08: GDP: Per Capita data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.A156: SNA 2008: GDP: by Expenditure: Current Price (Annual).

Hong Kong SAR (China) GDP: SNA08: CL: 2022p: per Capita data was reported at 395,122.000 HKD in 2024. This records an increase from the previous number of 384,717.000 HKD for 2023. Hong Kong SAR (China) GDP: SNA08: CL: 2022p: per Capita data is updated yearly, averaging 212,946.500 HKD from Dec 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 400,034.000 HKD in 2018 and a record low of 34,950.000 HKD in 1961. Hong Kong SAR (China) GDP: SNA08: CL: 2022p: per Capita data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.A157: SNA 2008: GDP: by Expenditure: 2022 Price: Chain Linked (Annual).

Key information about Hong Kong SAR (China) Gross Savings Rate

• Hong Kong SAR (China) Gross Savings Rate was measured at 30.2% in Sep 2024, compared with 30.2% in the previous quarter.
• Hong Kong SAR (China) Gross Savings Rate is updated quarterly, with data available from Mar 1999 to Sep 2024, and an average rate of 30.2%.
• The data reached an all-time high of 30.2% in Sep 2006 and a record low of 19.0% in Jun 2023.
• CEIC calculates Gross National Savings Rate from quarterly Gross National Savings and quarterly Gross National Income. Gross National Savings is calculated as Gross National Income less Private and Government Consumption Expenditure plus Net Secondary Income. Census and Statistics Department provides Gross National Income, Private Consumption Expenditure, Government Consumption Expenditure and Secondary Income in local currency.
• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8% YoY in Mar 2023.
• Hong Kong SAR (China) Nominal GDP reached 91,422.6 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.9% in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.

Key information about Hong Kong SAR (China) Private Debt: % of Nominal GDP

• Hong Kong SAR (China) Private Debt accounted for 195.76 % of its Nominal GDP in Dec 2024, compared with a ratio of 198.84 % in the previous quarter
• Hong Kong SAR (China) Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 1973 to Dec 2024, with an average share of 122.27 %
• The data reached an all-time high of 226.63 % in Jun 2021 and a record low of 41.72 % in Dec 1976

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. Private Debt is calculated by subtracting Domestic Loans to Financial Corporations and Stockbrokers from Total Domestic Loans. Hong Kong Monetary Authority provides Private Debt in local currency. Census and Statistics Department provides Nominal GDP in local currency. Private Debt includes Government sector, excluding Exchange Fund. Private Debt prior to Q4 2018 excludes Working Capital Loans.

In 2023, the real gross domestic product (GDP) growth rate of Guangdong province in China amounted to approximately 4.8 percent, compared to about 1.9 percent in the previous year. Guangdong is a coastal province situated in the south of China surrounding Hong Kong and Macau. The capital of the province is Guangzhou.

Hong Kong SAR (China) SNA08: GDP: Gross Fixed Capital Formation (GFCF) data was reported at 132,635.000 HKD mn in Dec 2024. This records a decrease from the previous number of 138,506.000 HKD mn for Sep 2024. Hong Kong SAR (China) SNA08: GDP: Gross Fixed Capital Formation (GFCF) data is updated quarterly, averaging 77,828.000 HKD mn from Mar 1973 (Median) to Dec 2024, with 208 observations. The data reached an all-time high of 161,919.000 HKD mn in Dec 2017 and a record low of 2,147.000 HKD mn in Mar 1973. Hong Kong SAR (China) SNA08: GDP: Gross Fixed Capital Formation (GFCF) data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.A008: SNA 2008: GDP: by Expenditure: Current Price.

Key information about Hong Kong SAR (China) Gross Fixed Capital Formation

• Hong Kong SAR (China) Gross Fixed Capital Formation was reported at 17.060 USD bn in Dec 2024.
• This records a decrease from the previous number of 17.760 USD bn for Sep 2024.
• Hong Kong SAR (China) Gross Fixed Capital Formation data is updated quarterly, averaging 10.014 USD bn from Mar 1973 to Dec 2024, with 208 observations.
• The data reached an all-time high of 20.738 USD bn in Dec 2017 and a record low of 404.331 USD mn in Mar 1973.
• Hong Kong SAR (China) Gross Fixed Capital Formation data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Gross Fixed Capital Formation: USD: Quarterly.

CEIC converts quarterly Gross Fixed Capital Formation into USD. Census and Statistics Department provides Gross Fixed Capital Formation in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Hong Kong SAR (China) GDP: SNA08: CL: 2022p: GFCF: ME: Public data was reported at 51,000.000 HKD mn in 2024. This records an increase from the previous number of 45,169.000 HKD mn for 2023. Hong Kong SAR (China) GDP: SNA08: CL: 2022p: GFCF: ME: Public data is updated yearly, averaging 7,062.000 HKD mn from Dec 1966 (Median) to 2024, with 59 observations. The data reached an all-time high of 51,000.000 HKD mn in 2024 and a record low of 173.000 HKD mn in 1969. Hong Kong SAR (China) GDP: SNA08: CL: 2022p: GFCF: ME: Public data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.A222: SNA 2008: GDP: Gross Fixed Capital Formation: 2022 Price: Chain Linked (Annual).

The growth of the real gross domestic product (GDP) in Taiwan was forecast to continuously decrease between 2024 and 2029 by in total 1.6 percentage points. According to this forecast, in 2029, the growth will have decreased for the fifth consecutive year to 2.15 percent. Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Japan, China, and Hong Kong SAR China.

In 2021, the gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area reached around 1.96 trillion U.S. dollars. Although this was not much less than the GDP of the Tokyo Bay and more than the New York Metropolitan Area, per capita GDP in China's Greater Bay Area was considerably lower.

According to a report on Chinese cities from 2024 that provided a ranking of their economic clout, Beijing, Shanghai, and Hong Kong shared first place with a total composite score of 275. The overall city ranking, which consisted of ten subsets, was headed by China's capital Beijing.