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Indicators of economy in Hong Kong

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Hong Kong, on the other hand, reached USD 49,801 per capita, or 369.18 billion USD for the whole country. Hong Kong is therefore currently ranked 39 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Hong Kong ranks 13th in the list of the richest countries.

Inflation in Hong Kong in 2021 was around 1.57%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 22.1 percent lower.
The index for perceived corruption in the public sector is 76, which is above average by global standards.


Back to overview: Hong Kong

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Hong Kong in 2020 decreased moderatly from 363.05 billion US dollars to 344.93 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 5.0 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 2.9 to 5.8 percent. The inflation rate fell from 2.9 percent previously to 0.3 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Hong Kong
Total		Hong Kong
per capita		EU
Total		EU
per capita
GDP369.18 bn USD49,800.54 USD17.177 tn USD33,384.92 USD
Gross national product403.72 bn USD54,460.53 USD16.895 tn USD32,835.37 USD


Hong Kong ranked 38th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. Out of the 2,000 largest listed companies in the world, 54 originate from Hong Kong. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 31: China Mobile (Hong Kong)
Rank 73: AIA Group (Hong Kong)
Rank 95: CITIC (Hong Kong)
Rank 134: CNOOC (Hong Kong)
Rank 217: China Resources Land (Hong Kong)
Rank 233: CK Hutchison (Hong Kong)
Rank 368: China Unicom (Victoria)
Rank 393: Sun Hung Kai Properties (Hong Kong)
Rank 498: Lenovo Group (Quarry Bay)
Rank 529: CK Asset Holdings (Hong Kong)

Development of gross domestic product in billions of USD 1960 - 2021


› Debt budget development
› Development of inflation
› Corruption in Hong Kong
› Cost of living in a global comparison

Imports and Exports 2021

 Hong Kong
Total		Hong Kong
per capita		EU
Total		EU
per capita
Imports733.17 bn USD98,901.36 USD8.916 tn USD17,329.02 USD
Exports750.61 bn USD101,254.56 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1998 - 2021

Exports
Imports



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