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Indicators of economy in Hong Kong

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Hong Kong, on the other hand, reached USD 49.661 per capita, or 368.14 billion USD in the whole country. Hong Kong is therefore currently ranked 38 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Hong Kong is in the list of the world's richest countries in place 11.

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

Compared with the USA, prices for daily consumer goods are around 22.1% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Hong Kong

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic were not insignificant in Hong Kong 2020. Overall, gross domestic product in 2020 fell from 363.05 billion US Dollar auf 344.88 billion US Dollar. With a drop of 5.0 percent, the economy in Hong Kong suffered more significant losses than other countries.. The unemployment rate rose from 2.9 to 5.8 percent. The inflation rate has fallen from 2.9 percent previously to 0.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
GDP368.14 bn USD49,660.63 USD17.09 tn USD33,228.68 USD
Gross national product403.65 bn USD54,450.69 USD16.78 tn USD32,621.03 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. 59 of the 2000 largest listed companies in the world originate from Hong Kong. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:

Rank 32: China Mobile (Hong Kong)
Rank 55: AIA Group (Hong Kong)
Rank 104: CITIC (Hong Kong)
Rank 180: CK Hutchison (Hong Kong)
Rank 187: CNOOC (Hong Kong)
Rank 190: China Resources Land (Hong Kong)
Rank 259: Sun Hung Kai Properties (Hong Kong)
Rank 276: China Unicom (Hong Kong)
Rank 443: Lenovo Group (Hong Kong)
Rank 463: Shimao Property Holdings (Hong Kong)

Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
Imports733.17 bn USD98,901.36 USD8,916.24 bn USD17,337.55 USD
Exports750.61 bn USD101,254.56 USD9,554.34 bn USD18,578.33 USD


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

Exports
Imports



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