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“Hong Kong with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 48154, and the growth rate in 2022 is -3.5%.”
7.292 million
1107 km²
359.84 billion
48154 USD
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.
The Hong Kong economy is expected to grow again in the coming years, following a contraction of 3.5% in 2022. Despite the recovery, the economy is projected to remain smaller than it was in 2019. This slow growth is due to the decline in population in 2021-22, which will not quickly bounce back even with the lifting of pandemic restrictions. Additionally, the slump in private investment, combined with the ongoing decline in business confidence in both the mainland and Hong Kong economies, will contribute to the slow recovery. It will take 2-3 years for the local property construction sector to recover. Over the next five years, investment in Hong Kong by international non-financial firms is expected to suffer as a result of the political unrest in 2019-21. This will also be partly due to the difficulty in attracting international talent even with the lifting of pandemic restrictions. Des...
4.3 %
1.9 %
100 %
0.87 人
