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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 2020 was at about 10.905 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 12.

Inflation in Hong Kong was in 2020 at around 0.33%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 10.96% lower.
The Corruption Perceptions Index for the public sector counts 77 and is compared to other countries good.


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 3.0 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 - 2020

Economic performance 2020

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
GDP346.59 bn USD46,323.86 USD15,276.47 tn USD29,662.47 USD
Gross national product363.85 bn USD48,631.52 USD15,261.33 tn USD29,633.07 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. 58 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 2020:

Rank 28: China Mobile (Hong Kong)
Rank 66: AIA Group (Hong Kong)
Rank 77: CITIC (Hong Kong)
Rank 126: CNOOC (Hong Kong)
Rank 152: CK Hutchison (Hong Kong)
Rank 210: China Resources Land (Hong Kong)
Rank 270: Sun Hung Kai Properties (Hong Kong)
Rank 286: China Unicom (Hong Kong)
Rank 343: CK Asset Holdings (Hong Kong)
Rank 423: Shimao Property Holdings (Hong Kong)

Development of the Gross domestic product in billion US Dollar 1979 - 2020



Im- and Exports 2020

 Hong Kong
Total
Hong Kong
per capita
EU
Total
EU
per capita
Imports609.13 bn USD81,415.05 USD7,314.16 bn USD14,201.97 USD
Exports615.88 bn USD82,317.22 USD7,834.94 bn USD15,213.17 USD


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

Exports
Imports



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