Hong Kong HK: GDP: Growth data was reported at 3.791 % in 2017. This records an increase from the previous number of 2.163 % for 2016. Hong Kong HK: GDP: Growth data is updated yearly, averaging 6.007 % from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 16.164 % in 1976 and a record low of -5.883 % in 1998. Hong Kong HK: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 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.

Key information about Hong Kong SAR (China) GDP Per Capita

• Hong Kong SAR (China) Gross Domestic Product (GDP) per Capita reached 49,146.654 USD in Dec 2022, compared with 49,771.373 USD in Dec 2021.
• Hong Kong SAR (China) GDP Per Capita data is updated yearly, available from Dec 1961 to Dec 2022, with an average number of 16,721.466 USD.
• The data reached an all-time high of 49,771.373 USD in Dec 2021 and a record low of 411.774 in Dec 1961.
• CEIC converts annual GDP per Capita into USD. Census and Statistics Department provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about Hong Kong SAR (China) GDP Per Capita data

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.162 % YoY in Dec 2022.
• Hong Kong SAR (China) Nominal GDP reached 94.470 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.277 % in Dec 2022.
• Gross Savings Rate of Hong Kong SAR (China) was measured at 27.690 % in Sep 2022.

In 2023, the average per capita gross domestic product (GDP) in the Guangdong - Hong Kong - Macao Greater Bay Area ranged at ****** U.S. dollars. Per capita gross domestic product in Macao amounted to around ****** U.S. dollars in that year, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The political concept of the Guangdong - Hong Kong - Macao Greater Bay Area was introduced to the public in 2017 and further implemented by jointly signed agreements in the following years. It aims at integrating the special administrative regions of Macao and Hong Kong into the Chinese mainland and boosting the economy of all participating cities in the Pearl River Delta. The development plan for the Greater Bay Area is part of a national Chinese initiative to promote several economic city clusters in China. On the Chinese mainland, nine cities are part of the Greater Bay Area region, all of them located in Guangdong province: Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. In the long run, the joint plan intends to develop the region into the world's largest and economically most successful Bay Area. Per capita GDP in the Greater Bay Area In terms of per capita GDP, the more mature economies of Macao and Hong Kong are still ahead of mainland Chinese cities in the Greater Bay Area, although Shenzhen and Guangzhou belong to the most developed cities in the whole of mainland China. However, growth rates on the mainland are considerably higher than in Hong Kong and Macao. This is especially true for Shenzhen, which is famous for its past economic boom and has developed into a bustling high-tech location, home to the well-known computer and internet giants Huawei and Tencent.

This statistic shows the share of key city clusters in the gross domestic product (GDP) of China (including Hong Kong and Macao) in 2020. That year, the Yangtze river delta city cluster contributed around 23 percent to the total GDP. The Yangtze river delta city cluster with Shanghai as a center and surrounding cities in Jiangsu, Zhejiang, and Anhui provinces is one of the most important economic zones in China and is responsible for about one third of China's imports and exports.

In 2024, the real gross domestic product (GDP) growth rate of Guangdong province in China amounted to approximately 3.5 percent, compared to about 4.8 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.

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

• Hong Kong SAR (China) Market Capitalization accounted for 1,110.0 % of its Nominal GDP in Dec 2024, compared with a percentage of 1,038.5 % in the previous year
• Hong Kong SAR (China) Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1985 to Dec 2024
• The data reached an all-time high of 1,771.1 % in Dec 2020 and a record low of 96.9 % in Dec 1985

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Hong Kong Exchange provides Market Capitalization in local currency. Census and Statistic Department provides Nominal GDP in local currency.


Further information about Hong Kong SAR (China) Market Capitalization: % of GDP

• In the latest reports, Hang Seng recorded a daily P/E ratio of 13.3 in Feb 2025
• Hang Seng closed at 20,225.1 points in Jan 2025

Graph and download economic data for Balance of Payments: Total Net Current Account for China, P.R.: Hong Kong (HKGBCAGDPBP6PT) from 1990 to 2029 about Hong Kong, current account, BOP, China, and Net.

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

• Hong Kong SAR (China) Public Consumption accounted for 13.7 % of its Nominal GDP in Dec 2022, compared with a share of 13.7 % in the previous quarter.
• Hong Kong SAR (China) Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1973 to Dec 2022, with an average number of 8.3 %.
• The data reached an all-time high of 15.2 % in Mar 2022 and a record low of 5.0 % in Jun 1973.

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


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

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.2 % YoY in Dec 2022.
• Hong Kong SAR (China) Nominal GDP reached 94.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.3 % in Dec 2022.
• Hong Kong SAR (China) GDP Per Capita reached 49,146.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 27.7 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 12.4 % in Dec 2022.
• Private Consumption accounted for 69.6 % in Dec 2022.

In 2023, financing and insurance contributed around **** percent to the gross domestic product (GDP) of Hong Kong, constituting the largest industry in the city. The total GDP of Hong Kong amounted to around *** billion U.S. dollars that year. Sectoral view on Hong Kong’s economy Hong Kong is an important financial hub in Asia and a bridgehead for trade with mainland China. The city has a strong service sector that contributes more than ** percent of its GDP. Trading and logistics, as well as financial and professional services are key industries in the city. Over the last decade, the importance of the financial sector has increased gradually, making Hong Kong to one of the leading financial centers in the world. At the same time, trading and logistics has slowly lost ground, although it is, together with professional services, important for employment in the city. Economic perspectives In recent times, Hong Kong has encountered growing competition from Chinese mainland cities. At the same time, its integration into the Guangdong-Hong Kong-Macao Greater Bay Area offers new opportunities for economic growth. While the trade sector is under pressure by competition from mainland ports, Hong Kong’s highly developed financial, insurance, and business services will most probably grow further in the future.

Key information about Hong Kong SAR (China) Real GDP Growth

• The Gross Domestic Product (GDP) in Hong Kong SAR (China) expanded 2.8 % YoY in Mar 2023, following a negative growth of 4.1 % in the previous quarter.
• Real GDP Growth YoY data in Hong Kong SAR (China) is updated quarterly, available from Mar 1991 to Mar 2023, with an average rate of 3.5 %.
• The data reached an all-time high of 12.3 % in Jun 2004 and a record low of -9.6 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Census and Statistics Department provides Real GDP in local currency, at chain linked 2021 prices.


Related information about Hong Kong SAR (China) Real GDP Growth

• In the latest reports, Nominal GDP of Hong Kong SAR (China) reached 91.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• GDP Per Capita in Hong Kong SAR (China) reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 19.7 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.2 % in Mar 2023.
• Public Consumption accounted for 15.0 % in Mar 2023.
• Private Consumption accounted for 70.0 % in Mar 2023.

In 2023, the share of the tertiary industry in total GDP in Huizhou had the lowest value of all cities in the Guangdong - Hong Kong - Macao Greater Bay Area, amounting to about 40.3 percent. For the Greater Bay Area as a whole, the service sector share in GDP ranged at 64.4 percent that year.

Key information about Hong Kong SAR (China) GDP Deflator Growth

• Hong Kong SAR (China) GDP deflator (implicit price deflator) increased 2.3 % in Dec 2022, compared with an increase of 4.0 % in the previous quarter.
• Hong Kong SAR (China) GDP Deflator Growth data is updated quarterly, available from Mar 1974 to Dec 2022, with an average rate of 3.8 %.
• The data reached an all-time high of 19.7 % in Mar 1980 and a record low of -6.7 % in Sep 2003.

CEIC calculates quarterly GDP Deflator Growth from quarterly GDP Deflator. Census and Statistics Department provides GDP Deflator at chain linked 2020 prices.


Related information about Hong Kong SAR (China) GDP Deflator Growth

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.2 % YoY in Dec 2022.
• Its Nominal GDP reached 94.5 USD bn in Dec 2022.
• Hong Kong SAR (China) GDP Per Capita reached 49,146.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 27.7 % in Sep 2022.

Key information about Hong Kong SAR (China) Nominal GDP

• Hong Kong SAR (China) Nominal GDP reached 94.5 USD bn in Dec 2022, compared with 92.3 USD bn in the previous quarter.
• Nominal GDP in Hong Kong SAR (China) is updated quarterly, available from Mar 1973 to Dec 2022, with an average number of 40.5 USD bn.
• The data reached an all-time high of 96.7 USD bn in Dec 2021 and a record low of 1.8 USD bn in Mar 1973.

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


Related information about Hong Kong SAR (China) Nominal GDP

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.2 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 2.3 % in Dec 2022.
• Hong Kong SAR (China) GDP Per Capita reached 49,146.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 27.7 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 12.4 % in Dec 2022.
• Public Consumption accounted for 13.7 % in Dec 2022.
• Private Consumption accounted for 69.6 % in Dec 2022.

The Chinese government is dedicated to developing the Guangdong - Hong Kong - Macao Grater Bay Area into a leading technological hub in Asia. In 2020, expenditure on research and development (R&D) in Shenzhen reached 5.46 percent of the GDP, up from 3.48 percent in 2010.

In 2021, the gross domestic product (GDP) growth rate of the Guangdong - Hong Kong - Macao Greater Bay Area ranged at around 7.7 percent. This was less than in the San Francisco Bay Area, which had a considerably higher per capita GDP than China's Greater Bay Area.

Hong Kong HK: GDP: Growth: Gross Capital Formation data was reported at 5.709 % in 2017. This records an increase from the previous number of 4.830 % for 2016. Hong Kong HK: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.270 % from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 45.233 % in 1976 and a record low of -16.439 % in 1998. Hong Kong HK: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The aging population is a common problem faced by most countries in the world. This study uses 18 years (from 2002 to 2019) of panel data from 31 regions in China (excluding Hong Kong, Macao, and Taiwan Province), and establishes a panel threshold regression model to study the non-linear impact of the aging population on economic development. It is different from traditional research in that this paper divides 31 regions in China into three regions: Eastern, Central, and Western according to the classification standard of the National Bureau of Statistics of China and compares the different impacts of the aging population on economic development in the three regions. Although this study finds that the aging population promotes the economy of China’s eastern, central, and western regions, different threshold variables have dramatically different influences. When the sum of export and import is the threshold variable, the impact of the aging population on the eastern and the central region of China is significantly larger than that of the western region of China. However, when the unemployment rate is the threshold variable, the impact of the aging population on the western region of China is dramatically higher than the other regions’ impact. Thus, one of the contributions of this study is that if the local government wants to increase the positive impact of the aging population on the per capita GDP of China, the local governments of different regions should advocate more policies that align with their economic situation rather than always emulating policies from other regions.

After Severe Acute Respiratory Syndrome, or SARS, was discovered in Asia in February 2003, Hong Kong and China both experienced the most severe economic impact from the disease, both in the short term and the long term. One year after the SARS outbreak, Hong Kong experienced a 2.63 percent drop in real GDP, while China experienced a 1.05 percent drop. Ten years later, this had expanded to a 3.21 percent decline in Hong Kong's real GDP, and a 2.34 percent decline in China's GDP.