Hong Kong Monetary Authority - Economic & Financial Data ... Hong Kong tourism statistics for 2018 was 42,313,000,000.00, . Hong Kong's economy shrank 8.9% in the January-to-March period compared to a year earlier, according to estimates released by the government on Monday. GDP (current US$) Population, total. Hong Kong GDP per capita 2021 - StatisticsTimes.com Hong Kong-Macau - Market Overview | export.gov Hong Kong - GDP GDP growth loses some steam in the second quarter. 53 Interesting Facts About Hong Kong - Page 2 of 3 - The ... The Environmental Protection Department (EPD) today (December 21) published the report "Monitoring of Solid Waste in Hong Kong - Waste Statistics for 2019", presenting the 2019 statistics on disposal and recovery/recycling of solid waste generated in Hong Kong. Hong Kong Economic Times Holdings Ltd. Advanced Charts ... Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. The economy of Hong Kong is a highly developed free-market economy.It is characterised by low taxation, almost free port trade and a well-established international financial market. HONG KONG: China's ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. In 2020, GDP for Hong Kong was 349.45 billion US dollars. Until then, Hong Kong was simply a port city of China. None. This paper attempts to estimate the private return to education in Hong Kong using the Mincerian equation and data from the 2016 By-census. Hong Kong slipped into a recession in the . The first segment of Hong Kong's economic history was under early British rule from the 1840s to the 1940s. Hong Kong Indicators. […] on March 19, 2016 at 10:07 am Trump, Sanders, and the Snake-Oil Economics of Protectionism | International Liberty […] I have mixed feelings about that approach. . I even use data to show that Hong Kong's economy should be emulated. The music streaming arm of Chinese gaming giant NetEase Inc. raised $422 million in its Hong Kong initial public offering, pricing the shares at the mid-point of a . Hong Kong SAR, China. Hong Kong Economic Growth GDP should grow in 2021 after two years of declining output, as stronger activity at home and abroad spurs private spending and external demand. Exports; Imports; Total Trade; Hong Kong External Merchandise Trade. 390 economic data series with tag: Hong Kong. . 2. FRED: Download, graph, and track economic data. Economy. Inbound tourism contributed roughly 3.5 percent to Hong Kong's GDP in the years before 2019 and. Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP. Hong Kong-Macau - Market OverviewHong Kong-Macau - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. License : CC BY-4.0. This statistic shows the share of gross domestic product (GDP) in Hong Kong in 2019, by sector. Interest rates are determined by the individual banks in Hong Kong to . HONG KONG (Reuters) - Chinese social media firm Weibo Corp plans to price its shares at HK$272.8 ($35.01) each to raise $385 million in its Hong Kong secondary listing, said three sources with . Hong Kong: review and outlook February 2015 The four pillar industries have been a driving force of Hong Kong's economic growth for years. This came in slightly below our expectations of 4.2%. Hong Kong Population 2021 (Live) 7,574,842. While the prolonged pandemic, absence of cross-border visitors and geopolitical risks will all continue to create strong headwinds, the expected launch of a local vaccination programme in February should instill greater confidence in the outlook. 7 Figure 1a shows that the real house price in 2018, i.e., the house price after removing the inflation factor, is 400% of the 1979 level. Hong Kong Indicators - was last updated on Sunday, December 26, 2021. In 2018, it contributed to around 4.5% of Hong Kong's GDP and employed around 257 000 persons, accounting for about 6.6% of total employment. The development of major sports events has real potential to give Hong Kong global exposure and enhance its positioning. HKIA is an international and regional aviation hub that plays a key role in positioning the city as a global financial, tourism and logistics hub. Projections by IMF. None. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. The Tourism Commission said the scheme would end on June 1, 2022 . had on Hong Kong's economy in 2017. Alastair Graham Director, Global Sports . 52. It is a Special Administrative Region of China. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Hong Kongers or Hong Kongese use seawater to flush toilets. Hong Kong - CIA World Factbook. That year, the service sector in total accounted for approximately 93.4 percent of the GDP in Hong Kong, while financing and insurance alone accounted for around 21.2 percent. Income and Wealth Inequality in Hong Kong, 1981-2020: The Rise of Pluto-Communism? A preliminary estimate showed that economic activity expanded 7.6% year-on-year in the second quarter, down from the 8.0% jump tallied in the first quarter. Although public data indicate that the Hong Kong Stock exchange added around 100 stocks at once, Law believes it is the CCP artificially inflating the . GDP of Hong Kong increased from 169.38 billion US dollars in 2001 to 349.45 billion US dollars in 2020 growing at an average annual rate of 3.96%. HONG KONG'S ECONOMY The Hong Kong economy is externally oriented and highly dependent on trade with the rest of the world. Hong Kong / Hong Kong economy Coronavirus: Hong Kong Jockey Club, telecoms firms team to give 20,000 elderly residents smartphones for using 'Leave Home Safe' app As such, rising unemployment would be a key. It is one of the most services-oriented economy in the world, with services sectors accounting for 93.4% of the GDP in 2019. Hong Kong is known as a free market economy. 49. Hong Kong gdp for 2020 was $346.59B, a 4.53% decline from 2019. It has more Rolls Royce per person than any other region in the globe. Analyzing Economic Trends of Hong Kong. The Hong Kong business to consumer e-commerce market is worth $3.7 billion, 14 representing one of the smaller e-commerce markets, by value, included in our report series. The Government has also identified and promoted Six Industries to help diversify the local industry structure. GDP distribution in Hong Kong 2019, by sector. Official Reports. Bureau of Economic Analysis (BEA) International Trade and Investment Country Facts. Estimates by world bank since 1961. The tourism industry is one of the major pillars of the economy of Hong Kong. Country Commercial Guide. Hong Kong gdp for 2019 was $363.02B, a 0.37% increase from 2018. HONG KONG: China's ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. Hong Kong: Methane: how much does the average person emit? Meanwhile, concerns a resurgence in coronavirus cases in mainland China also dented appetite for risk. Hong Kong tourism statistics for 2019 was 32,697,000,000.00, a 22.73% decline from 2018. GDP per capita of Hong Kong in nominal and ppp terms. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol . GDP Growth and GDP per capita Growth of Hong Kong. Business Data and Statistics - USA.gov. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. In this paper, Thomas Piketty and Li Yang combine national accounts, household surveys, fiscal data, wealth rankings and election polls, in order to provide a comprehensive analysis of the evolution of income and wealth inequality in Hong Kong, as well as its impact on political cleavages over the 1981-2020 period. Hong Kong Economic Times Holdings Ltd. advanced stock charts by Barron's. View HKGEF historical stock data and compare to other stocks, and exchanges. Particularly, the Lab studies the development of cryptocurrencies and block chain technologies, data capitalization as a new natural resource and . Line Bar Map. World Economics makes available the world's most comprehensive population, demographic and GDP databases covering over 130 countries with historical data from 1870 to 2021. Hong Kong Economy Overview: Hong Kong has a free market economy highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. While Hong Kong started out with a low GDP, it used the textile industry as the foundation to boost the economy. License : CC BY-4.0. In past 10 years (2011 - 2020) In past 24 Months (November 2019 - October 2021) Hong Kong's Domestic . Economic Contribution. Hong Kong's economy posted its fastest growth in more than a decade in the first quarter, though the recovery is an uneven one led mainly by exports and held back by weak consumer spending and a . World Bank national accounts data, and OECD National Accounts data files. Hong Kong had seen 12,599 confirmed or probable Covid-19 cases as of Monday. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Economy | Forecast | Economic growth | October 13th 2021. The population of Hong Kong is estimated to be 7.55 million in 2021. Economic growth, percent change in quarterly real GDP in Hong Kong, Q1 1974 - Q3 2021: The latest data from Q3 2021 show economic growth of 5.4 percent, which is a decrease from the rate of growth of 7.6 percent in the previous quarter and an increase compared to the growth rate of -3.6 percent in the same quarter last year. For example, the Hong Kong workforce stood at 3.97 million people at the end of 2018, compared with 3.85 million today - a loss of 112,000 jobs and a 3.2 per cent contraction of the workforce.. HKTDC Research is an essential source of economic and trade information, providing free of charge the latest market intelligence, authoritative research, economic index and business guide on developed and emerging markets, spanning from Hong Kong, the mainland China and Asia to the US, Europe and Africa, and the rest of the world. 51. Hong Kong is among the richest cities in the world. In 2020, Hong Kong's Position in World Merchandise Trade in terms of. Economic & Financial Data for Hong Kong. - World Economics Hong Kong's history truly started from the time when the British gained control of it from the Chinese. Estimating the return to education in Hong Kong: An econometric approach (PDF) Jason Cheung The return to education is one of the most frequently-studied topics in labour economics. Lacklustre services exports will continue to exert a major dampening effect on GDP growth in 2022. In 2017, outbound tourism created a value added of HK$22.1 billion (US$2.82 billion), 0.9 percent of GDP, for the Hong Kong economy, according to the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR), www.censtatd.gov.hk (accessed on August 27, 2019). U.S. Economic Charts. Hong Kong's economy contracted by 9% in the second quarter compared to a year ago, official statistics showed Friday. Hong Kong's ailing food truck pilot scheme, originally designed to cater for tourists, has finally been axed by the government. +0.0050 +0.0785%. School enrollment, primary (% gross) CO2 emissions (metric tons per capita) Poverty headcount ratio at national poverty lines (% of population) Trade Statistics. 1. 28Hse provides information for the Hong Kong property market, including latest property listings by agents and landlords, property transaction data, market news, used furniture trading etc. The Gross Domestic Product (GDP) in Hong Kong was worth 346.59 billion US dollars in 2020, according to official data from the World Bank. The Hong Kong government also downgraded its forecast for the economy . Surveys. Human Capital Index. Three quarters of the city's landmass is rural. CNY. Hong Kong's population is expected to reach 8.469 million by 2041, with 52100 births and 82,400 deaths predicted by The Census and Statistics Department. Investment Climate Statements. Only one quarter of the area of Hong Kong is urban area , which is roughly of the size of Munich. There was a further decline in the total labour force, as the participation rate fell by 0.2 percentage point to 58.9%. The data shown in this page correspond to the data described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). To further increase our contribution to the development of Hong Kong and the GBA, HKIA is transforming from a city airport into an Airport City to further consolidate its . Gross Domestic Product. Hong Kong reports a weak economic recovery in Q3. In 2019, total visitor arrivals declined by 14.2% over 2018 Where do emissions come from? 65 economic data series with tags: Hong Kong, GDP. For a fuller explanation of the DSBB and the statistical standards . 4. Let's learn more about Hong Kong with these interesting facts that cover its history, culture, people, economy, food and much more. Economy - overview: Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP. This page is a presenting key statistics of Hong Kong external merchandise trade. It is considered a bad omen to have apartment buildings that end at the fourth floor. Date of last update: 23 Dec 2021. Hong Kong is one of the most visited cities in the world and an important tourist hub in Asia. Methane (CH 4 ) is a strong greenhouse gas, mainly produced through agricultural activities (e.g. In 2020, the value of Hong Kong's total merchandise trade reached HK$8,197.3 billion (US$1,056.8 billion), or around 302% of the Gross Domestic Product (GDP) in that year. Hong Kong's economic history has formed the country and economy it is now. Financial Secretary Paul Chan Mo-po predicted this week that Hong Kong's economy will shrink by 1.3% in 2020 due to both protests and the trade war. This statistic depicts the gross domestic product (GDP) share of the financial services industry of Hong Kong in 2019, by category. GDP in Hong Kong averaged 116.36 USD Billion from 1960 until 2020, reaching an all time high of 366.02 USD Billion in 2019 and a record low of 1.32 USD Billion in 1960. Hong Kong, ore more precisely the Hong Kong Special Administrative Region (HKSAR), is located at the south coast of China near the Pearl River delta which helped make it become the center of business and center it is now. The GDP value of Hong Kong represents 0.31 percent of the world economy. In 2022, although GDP growth is expected to moderate, it should remain healthy. I constantly use statistics because they so often show that free markets and small government produce the . HKTDC Research is an essential source of economic and trade information, providing free of charge the latest market intelligence, authoritative research, economic index and business guide on developed and emerging markets, spanning from Hong Kong, the mainland China and Asia to the US, Europe and Africa, and the rest of the world. Hong Kong's economic recovery became more entrenched in the third quarter, with real GDP expanding further by 5.4% year-on-year alongside the continued revival of global economic activity and stable local epidemic situation. Where do emissions come from? Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP. GDP in Hong Kong averaged 116.36 USD Billion from 1960 until 2020, reaching an all time high of 366.02 USD Billion in 2019 and a record low of 1.32 USD Billion in 1960. Like many other Asian economies, the Hong Kong economy suffered from the financial crisis of the late 1990s. Hong Kong is the world's freest economy. The Gross Domestic Product (GDP) in Hong Kong was worth 346.59 billion US dollars in 2020, according to official data from the World Bank. The period is considered a turning point for Hong Kong's economy. This section shows all articles related to Hong Kong, including analysis, HKTDC Export Index, export prospects, case studies, industry profiles, market news, fair surveys and regulatory alert. Overall economic conditions could be a challenge if there is an escalation in Covid-19 cases and the city ends up back in lockdown, similar to what's happening in some European countries, said Michael Wu, senior equity analyst at Morningstar. According to World Trade Organization (WTO), Hong Kong is the world's 6th largest exporter of merchandise trade in 2020, up by two places over 2019. Line Bar Map. 50. This is due to the economy being boosted by stronger retail sales. Hong Kong is not classified as a country. Hong Kong's economy will gradually recover from a low base in 2021, supported by a solid rebound in China. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under pressure from Beijing after running foul of Chinese . Projections by IMF. In particular, Hong Kong's role as a link between Mainland China and the rest of the 6.3727. Aggregates. livestock and rice production), in addition to leakages from oil and gas production (called 'fugitive emissions'). FRED: Download, graph, and track economic data. The GDP value of Hong Kong represents 0.31 percent of the world economy. That year, the banking service industry amounted to around 13.4. Hong Kong's economy. GDP by Country GDP Per Capita by Country Manufacturing by Country Debt to GDP Ratio by Country. The Data Economy Lab commits to producing quality and insightful research into new theories, business practices and technologies in today's rapid developing web-based economic and financial context. Climate. The broader Hang Seng index in Hong Kong led losses among the region's major markets, falling 1.57% to close at 25,628.74.. Mainland Chinese stocks declined on the day, with the Shanghai composite . United States Trade Representative: Reports and Publications. The seasonally adjusted unemployment rate in Hong Kong fell to 4.1% for the September to November period, compared with 4.3% for the August to October period. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under pressure from Beijing after running foul of Chinese . Nevertheless, Hong Kong is notable for its advanced e-commerce infrastructure and good e-commerce growth potential: its online shopping . Unless specified otherwise, our data comes from the Hong Kong government official website. This page is updated on the day that the data are released. The construction business was also revamped with new detailed guidelines for the first time since World War II. Aggregates. It expects over 30% of the population to be above 65 by 2041. GDP growth (annual %) - Hong Kong SAR, China. For Hong Kong to sustain its position as a global city and leading destination, it may need to enhance its reputation and diversify its economy. GDP growth (annual %) - Hong Kong SAR, China. Moov it Moovit is the #1 local transport app in the world trusted by over 140 million users across more than 2000 cities in 44 languages. World Bank national accounts data, and OECD National Accounts data files. Hong Kong's e-commerce market trends: Compact city-state slow to adopt e-commerce . A Hong Kong man was sentenced to two years, four months in prison after being convicted of rioting for tossing a water bottle at police during an anti-extradition law protest in 2019 that the . Hong Kong Lillian Cheung, Eric Wong, Philip Ng and Ken Wong* Abstract Driven largely by unique economic and political factors, Hong Kong SAR was a globalised economy long before the advent of global value chains in the 1990s. Hong Kong stock market finished session lower on Monday, 16 August 2021, extending losses for third session in row, as fresh signs of a slowdown in the world's second-largest economy after disappointing economic data hit market sentiment. The Hong Kong government has addressed this issue by increasing its spending on retraining programs by 5.4 percent in 1997-98, 11.8 percent in 1999-2000, and 42.8 percent in 2000-01. 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