Includes historical data for Hong Kong SAR’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Asia’s Investment And Trade Hub
Hong Kong, a Special Administrative Region (SAR) of the People’s Republic of China, is a thriving free-market economy. Serving as a global hub for trade, finance and tourism, its strengths lie in top-tier infrastructure, a robust banking system and a welcoming stance towards foreign investment ensured through effective contract enforcement and rights protection.
However, vulnerabilities persist, with concerns revolving around the independence of Hong Kong’s legal system and its freedoms, its limited natural resources and the need for food and raw material imports, and the fixed exchange rate of the Hong Kong Dollar with the US Dollar, which makes Hong Kong susceptible to global economic shifts.
Macroeconomy & Sovereign Data
| Type of Government | Presidential limited democracy; a special administrative region of the People’s Republic of China |
|---|---|
| Capital | Hong Kong |
| Sovereign Ratings |
S&P: AA+ Moody’s: Aa3 Fitch: AA– |
| Total Population | 7.6 million |
| Median Age | 45.9 |
| Adult Per Capita Income (PPP) | 74,018.14 |
| Total GDP (2023) | USD 410.4 billion |
Hong Kong SAR GDP & Economic Overview
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Trade & Investment
| Total Exports | USD 663.1 billion (2022) |
|---|---|
| Leading Exports |
Gold Integrated Circuits Gas Turbines Broadcasting Equipment Silver Diamonds Telephones |
| Total Imports | USD 81.7 billion (2022) |
| Leading Imports |
Integrated Circuits Broadcasting Equipment Office Machinery Telephones Diamonds |
| Source: | IMF, CIA The World Factbook |
Hong Kong SAR Leading Companies
| China Resources Land | Industrials, Developers |
|---|---|
| CK Hutchison Holdings | Conglomerates, Industrials, Telecommunications, Energy |
| The Link Real Estate Investment Trust (The Link REIT) | Real Estate Investment Trusts |
| Henderson Land Development Company Limited | Real Estate Investment Trusts & Developers |
| AIA Group Limited | Financials, Insurance |
| Sun Hung Kai Properties | Financials, Developers |
| Lenovo Group | Technology Hardware & Equipment |
Major Trade Partners — Import
| China | 44.3% |
|---|---|
| Other Asia | 10.0% |
| Singapore | 7.6% |
| South Korea | 5.9% |
| Japan | 5.2% |
Major Trade Partners — Export
| China | 59.9% |
|---|---|
| United States | 5.6% |
| Other Asia | 2.8% |
| India | 2.6% |
| Japan | 2.3% |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000