Worlddata.info

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 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Hong Kong reached 46.324 US dollars per inhabitant, or 346.59 bn US Dollar in the whole country. Hong Kong is therefore currently ranked 35 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 15.

Inflation in Hong Kong was in 2021 at around 1.57%. Within the EU, the average in the same year was 2.62%. 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 in 2020

Overall, the gross domestic product in Hong Kong in 2020 decreased moderatly from 363.02 billion US Dollar to 346.59 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 4.5% 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 has fallen from 2.9 percent previously to 0.3 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
GDP346.59 bn USD46,323.86 USD15,291.93 tn USD29,692.11 USD
Gross national product363.85 bn USD48,631.52 USD15,330.84 tn USD29,767.66 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 - 2020



Im- and Exports 2020

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
Imports606.28 bn USD81,034.51 USD7,340.01 bn USD14,251.98 USD
Exports612.61 bn USD81,879.98 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1998 - 2020

Exports
Imports



Hong Kong: AirportsLargest airports and airlines in Hong KongThe biggest airports and 3 airlines in Hong Kong with further information and data
Hong Kong: Public HolidaysPublic holidays in Hong Kong 2022-2026Statutory and inofficial holidays in Hong Kong for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.