- Economic overview
- high-income tourism- and services-based economy; global financial hub; COVID-19 and political protests fueled recent recession; ongoing recovery but lower-skilled unemployment remains high; investing in job-reskilling programs
- Real GDP (purchasing power parity)
- Real GDP (purchasing power parity) 2024: $497.88 billion (2024 est.)
Real GDP (purchasing power parity) 2023: $485.541 billion (2023 est.)
Real GDP (purchasing power parity) 2022: $470.42 billion (2022 est.) - Real GDP growth rate
- Real GDP growth rate 2024: 2.5% (2024 est.)
Real GDP growth rate 2023: 3.2% (2023 est.)
Real GDP growth rate 2022: -3.7% (2022 est.) - Real GDP per capita
- Real GDP per capita 2024: $66,200 (2024 est.)
Real GDP per capita 2023: $64,400 (2023 est.)
Real GDP per capita 2022: $64,000 (2022 est.) - GDP (official exchange rate)
- $407.107 billion (2024 est.)
- Inflation rate (consumer prices)
- Inflation rate (consumer prices) 2024: 1.7% (2024 est.)
Inflation rate (consumer prices) 2023: 2.1% (2023 est.)
Inflation rate (consumer prices) 2022: 1.9% (2022 est.) - GDP - composition, by sector of origin
- agriculture: 0% (2023 est.)
industry: 6.3% (2023 est.)
services: 91.4% (2023 est.) - GDP - composition, by end use
- household consumption: 67.4% (2024 est.)
government consumption: 12.8% (2024 est.)
investment in fixed capital: 16.2% (2024 est.)
investment in inventories: -0.5% (2024 est.)
exports of goods and services: 181.7% (2024 est.)
imports of goods and services: -177.7% (2024 est.) - Agricultural products
- pork, chicken, spinach, vegetables, pork offal, game meat, beef, fruits, onions, pork fat (2023)
- Industries
- trading and logistics, financial services, professional services, tourism, cultural and creative, clothing and textiles, shipping, electronics, toys, clocks and watches
- Industrial production growth rate
- 3.4% (2024 est.)
- Labor force
- 3.836 million (2024 est.)
- Unemployment rate
- Unemployment rate 2024: 2.8% (2024 est.)
Unemployment rate 2023: 3% (2023 est.)
Unemployment rate 2022: 4.4% (2022 est.) - Youth unemployment rate (ages 15-24)
- total: 8.4% (2024 est.)
male: 10.5% (2024 est.)
female: 6.3% (2024 est.) - Average household expenditures
- on food: 11.5% of household expenditures (2023 est.)
on alcohol and tobacco: 0.7% of household expenditures (2023 est.) - Remittances
- Remittances 2024: 0.1% of GDP (2024 est.)
Remittances 2023: 0.1% of GDP (2023 est.)
Remittances 2022: 0.1% of GDP (2022 est.) - Budget
- revenues: $70.124 billion (2020 est.)
expenditures: $105.849 billion (2020 est.) - Public debt
- Public debt 2016: 0.1% of GDP (2016 est.)
- Current account balance
- Current account balance 2024: $52.475 billion (2024 est.)
Current account balance 2023: $32.338 billion (2023 est.)
Current account balance 2022: $36.525 billion (2022 est.) - Exports
- Exports 2024: $739.915 billion (2024 est.)
Exports 2023: $673.738 billion (2023 est.)
Exports 2022: $697.583 billion (2022 est.) - Exports - partners
- China 22%, Vietnam 12%, S. Korea 8%, Netherlands 5%, Switzerland 4% (2023)
- Exports - commodities
- gold, integrated circuits, gas turbines, broadcasting equipment, jewelry (2023)
- Imports
- Imports 2024: $723.397 billion (2024 est.)
Imports 2023: $671.492 billion (2023 est.)
Imports 2022: $682.881 billion (2022 est.) - Imports - partners
- China 40%, Taiwan 10%, Singapore 7%, Japan 5%, S. Korea 4% (2023)
- Imports - commodities
- integrated circuits, broadcasting equipment, gold, machine parts, jewelry (2023)
- Reserves of foreign exchange and gold
- Reserves of foreign exchange and gold 2023: $425.554 billion (2023 est.)
Reserves of foreign exchange and gold 2022: $424.03 billion (2022 est.)
Reserves of foreign exchange and gold 2021: $496.867 billion (2021 est.) - Exchange rates
- Currency: Hong Kong dollars (HKD) per US dollar -
Exchange rates 2024: 7.804 (2024 est.)
Exchange rates 2023: 7.83 (2023 est.)
Exchange rates 2022: 7.831 (2022 est.)
Exchange rates 2021: 7.773 (2021 est.)
Exchange rates 2020: 7.757 (2020 est.)