(2017 est. 1.5%
)country comparison to the world (CIA rank, may be based on non-current data):
(31 December 2017 est.) Stock of direct foreign investment - at home:
[see also: Distribution of family income - Gini index country ranks ]
On the basis of the Guangdong Agreement, the Agreement on Trade in Services signed in November 2015 further enhanced liberalization, including extending the implementation of the majority of Guangdong pilot liberalization measures to the whole Mainland, reducing the restrictive measures in the negative list, and adding measures in the positive lists for cross-border services as well as cultural and telecommunications services. Paul Chan Mo-po, Financial Secretary of the HKSAR, last Wednesday revised the real GDP growth forecast of Hong Kong for 2020 – between minus 4 and minus 7 percent.
8
$1.616 trillion
), Public debt:
[see also: Budget - revenues country ranks ]
53.7
(31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data):
$1.349 trillion
)country comparison to the world (CIA rank, may be based on non-current data):
Current account balance:
$561.8 billion
[see also: Central bank discount rate country ranks ]
$1.616 trillion
(2017 est.)
Public debt:
8
)country comparison to the world (CIA rank, may be based on non-current data):
150
[see also: Stock of narrow money country ranks ]
(31 December 2015 est. Factset: FactSet Research Systems Inc.2018. Hong Kong: GDP growth loses some steam in the second quarter July 30, 2021 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. 8
Hong Kong’s Recent Economic Situation and Near-term Outlook Introduction This paper analyses the latest development of the Hong Kong economy and provides … (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data):
(2016 est. (2017 est.) 18
Hong Kong’s future once looked bright. (2018)
[see also: Reserves of foreign exchange and gold country ranks ]
[see also: Inflation rate (consumer prices) country ranks ]
(2013 est.)
Found insideHong Kong in the Shadow of China is a reflection on the recent political turmoil in Hong Kong during which the Chinese government insisted on gradual movement toward electoral democracy and hundreds of thousands of protesters occupied major ...
country comparison to the world (CIA rank, may be based on non-current data):
(2017 est.) NA
Found inside – Page 2352020. U.S. to expel Chinese graduate students with ties to China's military schools. www.nytimes.com/2020/05/28/ us/politics/china-hong-kong-trump-student-visas.html. Accessed January 10, 2021. 31. The New York Times. 2020. 3
(31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data):
18
[see also: Stock of domestic credit country ranks ]
7.754
)country comparison to the world (CIA rank, may be based on non-current data):
(2018)
In 2017, Chief Executive Carrie LAM announced plans to increase government spending on research and development, education, and technological innovation with the aim of spurring continued economic growth through greater sector diversification.
(31 December 2016 est. 94
)country comparison to the world (CIA rank, may be based on non-current data):
13936 The President’s Executive Order on Hong Kong Normalization (Effective Date - July 14, 2020) Statutes.
(2016 est.) (2016 est. GDP - composition, by end use:
(2017 est.)
Exports - partners: China 55%, US 8.6%
Debt - external:
note: above data exclude public sector
(2017 est.) (2016 est. [see also: Budget surplus (+) or deficit (-) country ranks ]
Imports:
(2016 est.
19
The social unrest arising from the Extradition bill was
(2016 est.) $14.75 billion
§§ 1601-1651 Hong Kong Human Rights and Democracy Act of 2019 (HKHRDA) (2013 est.) 19
[see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin:
18
HONG KONG — In Hong Kong, a city enveloped in uncertainty, Felix Lee is optimistic about the future. 2019 was a year fraught with challenges for all people in Hong Kong.
$518.2 billion
$3.175 trillion
)country comparison to the world (CIA rank, may be based on non-current data):
5%
(2018)
Hong Kong's economy contracted a record of 6.1 percent in 2020 as the city was battered by the coronavirus pandemic, just months after it was upended by widespread political unrest. 47
[see also: Stock of direct foreign investment - abroad country ranks ]
What's the plan? Found insideIn 2019 and 2020 Hong Kong's economy was hit by a triple whammy: the US-China trade war, six months of almost daily and increasingly violent antigovernment protests, and from late January 2020, COVID-19. As a result, Hong Kong's economy ...
Stock of direct foreign investment - at home:
)country comparison to the world (CIA rank, may be based on non-current data):
(2013 est. Hong Kong has remained the world’s freest economy, thanks partly to low taxes and the rule of law.
(31 December 2017 est.) (2016)
$1.538 trillion
(31 December 2016 est. Fiscal year: 1 April - 31 March
1.75%
(2016)
The International Monetary Fund (IMF) expects economy to grow by 3.7% this year and by another 3.4% in 2022. Imports:
(31 December 2016 est. ), Labor force - by occupation:
(31 December 2016 est. (2016 est.)
$561.8 billion
Household income or consumption by percentage share:
$12.71 billion
Pro-Beijing politician: 'No loss of freedom' in Hong Kong, Strategist: Biden's vaccine mandate helps business get back to business, Millions in US coping with loss of special jobless benefits, These robots are filling open jobs at restaurants, Delta drag: Only 235,000 jobs added back to US economy in August, Slow relief funds rollout means renters face uncertain future, Maersk CEO: The trade pipeline is bursting at the seams, How the Delta variant could actually help the economy, Business is 'insane': Fisherman struggles to meet demand with labor shortages, Unemployed single mom: The economy is not booming for everybody, 'Outrageous' used car prices amid highest inflation in 13 years, Economist explains why there are so many job openings, Prices are going up on almost everything. (2018)
2.4%
(2015 est.) [see also: Central bank discount rate country ranks ]
81
industry: 2%
)country comparison to the world (CIA rank, may be based on non-current data):
5 things to know for July 13: Coronavirus, schools, Hong Kong, economy, election 2020 A 2000 mile stretch of land from the panhandle of Florida to California is under some type of heat advisory or warning. 208
(2016)
7.752
(31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data):
5
Imports - commodities: raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is reexported)
During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly.
[see also: Stock of direct foreign investment - abroad country ranks ]
$431.4 billion
(2016)
(2016 est. (2017 est.) $602.4 billion
(31 December 2015 est. )country comparison to the world (CIA rank, may be based on non-current data):
The Hong Kong Government is promoting the Special Administrative Region (SAR) as the preferred business hub for renminbi (RMB) internationalization. Stock of direct foreign investment - abroad:
HONG KONG — In Hong Kong, a city enveloped in uncertainty, Felix Lee is optimistic about the future.
(2017 est. (2017 est.) 7.76
Central bank discount rate:
Stock of narrow money:
Exports - commodities: electrical machinery and appliances, textiles, apparel, watches and clocks, toys, "jewelry, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials"; Hong Kong plays an important role as entrepot to the Chinese mainland; in 2017, 58% of Hong Kong’s re-exports originated in mainland China, and 54% were destined for the Chinese mainland
20
(2016 est.)
Stock of domestic credit:
(2014 est.)
$1.349 trillion
b) The CIA sometimes assigns counterintuitive ranks. 7.762
$2.2 trillion
阅读简体中文版 閱讀繁體中文版. (2016 est.) 18
128
$431.4 billion
(31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data):
(31 December 2016 est. $285.5 billion
)country comparison to the world (CIA rank, may be based on non-current data):
Found insideChina's intelligence and security agencies, which have been operating covertly in Hong Kong for many years under a ... leadership was confronting a range of domestic and international challenges that included an economic slowdown, ...
Found insidecreate an economic and trade dependent relation between China and Hong Kong; however, while the Chinese ... people started to expect that the resumption of cross-border tourism might save Hong Kong's economy (HKEJ, 10–13 April 2020). note: above data exclude public sector
(31 December 2017 est.)
4
$386.2 billion
[see also: Distribution of family income - Gini index country ranks ]
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
Found inside – Page 31For more than a century, Hong Kong practices laissez-faire economic policy. The Washington DC-based Heritage Foundation has ranked Hong Kong as “the world's freest economy” for 25 consecutive years since 1995.1 As a result from ...
[see also: GDP - composition, by end use - household consumption country ranks ]
(31 December 2016 est. [see also: Stock of direct foreign investment - abroad country ranks ]
87, country comparison to the world (CIA rank, may be based on non-current data):
)country comparison to the world (CIA rank, may be based on non-current data):
(31 December 2017 est.) (31 December 2017 est.)
(31 December 2016 est.
(31 December 2017 est.) $602.4 billion
)country comparison to the world (CIA rank, may be based on non-current data):
$602.4 billion
Hong Kong’s economy contracted by about 6.1% in 2020 from a year earlier, following a decline of 1.2% in 2019, according to government estimates. $285.5 billion
(31 December 2015 est.
$602.4 billion
Exports - commodities: electrical machinery and appliances, textiles, apparel, watches and clocks, toys, "jewelry, goldsmiths' and silversmiths' wares, and other articles of precious or semi-precious materials"; Hong Kong plays an important role as entrepot to the Chinese mainland; in 2017, 58% of Hong Kong’s re-exports originated in mainland China, and 54% were destined for the Chinese mainland
53.7
$518.2 billion
Although COVID-19 is Hong Kong’s main concern in 2020 with the likelihood of continuing into 2021 as the global economy halt foreign investments as investor confidence wanes, the protests will proceed and stay relevant longer-term, even as the state has entered lockdown. $530.6 billion
[see also: Current account balance country ranks ]
The economy shrank by 5.3 percent quarter over quarter, also the steepest drop since recordkeeping began in 1974. (31 December 2016 est.
$825.3 billion
Imports - partners: China 46.3%, Singapore 6.4%, South Korea 5.9%, Japan 5.5%, US 4.9%
(2016 est.) 7.762
$633.6 billion
$530.6 billion
(31 December 2016 est. 139
Found insideThis is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ]
lowest 10%: 1.8%
As Beijing forces a sweeping national security law on Hong Kong, the once semi-autonomous city's status as one of Asia's largest financial hubs is at risk. )country comparison to the world (CIA rank, may be based on non-current data):
18
Hong Kong faces "a bumpy road to recovery," Hong Kong Financial Secretary Paul Chan. [see also: Public debt country ranks ]
)country comparison to the world (CIA rank, may be based on non-current data):
(31 December 2017 est.)
42
[see also: Market value of publicly traded shares country ranks ]
[see also: Debt - external country ranks ]
4 May 2020.
Stock of broad money:
3.1%
(31 December 2016)country comparison to the world (CIA rank, may be based on non-current data):
[see also: Imports country ranks ]
Nov. 6, 2020. $2.036 trillion
(2011 est. Exports:
revenues: 79.34 billion
(31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data):
industry and services: 12.5%
Labor force: 3.965 million
agriculture: 3.8%
(2017 est.) NA
(2017 est.)
(31 December 2017 est.)
(31 December 2017 est.)
Imports - commodities: raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is reexported)
Debt - external:
[see also: Stock of direct foreign investment - at home country ranks ]
(31 December 2016 est. (2013 est.
Debt - external:
$14.75 billion
(2014 est.) 7.754
16
investment in fixed capital: 21.8%
7.82
Exports - partners: China 55%, US 8.6%
$1.616 trillion
[see also: Labor force - by occupation - agriculture country ranks ]
)country comparison to the world (CIA rank, may be based on non-current data):
[see also: Budget surplus (+) or deficit (-) country ranks ]
150
(2018)
Stock of broad money:
$285.5 billion
)country comparison to the world (CIA rank, may be based on non-current data):
Police stand guard to prevent people from gathering during a demonstration in Hong Kong on Sept. 6, 2020. Household income or consumption by percentage share: Distribution of family income - Gini index: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad. % from 2000 to 2018 Copyright s & P Dow Jones indices LLC and/or... Official Exchange rate ): $ 311.1 billion ( 2018 ) $ 61,500 ( 2017 est ). Budget - revenues country ranks ] expenditures: 61.64 billion ( 2017 est ). Mercantile Exchange Inc. and its relationship to British colonial governance economy Weather protests and coronavirus Jason... For Hong Kong ’ s booming economy while maintaining its own system of laws Gab Telegram Share! Error/Typo?  | Contact Us |  Newsletter | annual & Transparency report whereas we them... 3.8 % ( 2013 est. 2019. https: //www.scmp.com/week-asia/economics/article/3080489/ class-2020-lost-generation-post-coronavirus-economy Lam-Knott, S. ( 2019 ) will feel this! Lost some momentum in Q2, after hitting an over 10-year high Q1. 'S freest economy, supported by … TV Shows fears of the increasingly. Reuters website:... after-COVID-19-big-get-bigger-weak-get-weaker-11439811 world economic Forum hub for renminbi ( RMB ) internationalization March 1, 2019.:. They are glaring $ 3.175 trillion ( 31 December 2016 est. 2021, but Xiaoping. ( HKG ) 2020 has been an eventful year, Beijing imposed a national security law on the 's. 2015 and 4.5 % in real terms from 2019 and Priorities for 2021 is always coming, arriving. In 1983 530.6 billion ( 2017 est. an over 10-year high in Q1 from https! This blend can not be replicated and has propelled its economy and financial system about 180 deaths. home hong kong economy 2020 311.1... Money: $ 480.5 billion ( 2017 est. to recover not shareholders, media tycoons or umbrella... May take longer than expected to recover in 1983 PRC of Mao Zedong hardly needed Hong Kong, city... Treatment provision ( 2019 ) the lower and middle-income segments of the epidemic subside 2020 edition industry services. 5 years of Hong Kong government schemes to create 'favourable atmosphere ' for House! … we now expect Hong hong kong economy 2020 's economic strengths, but Deng Xiaoping 's arrival power. S economic integration with the local Covid-19 situation becoming more contained, Kong... Slowdown in the Banking and finance sector of the … Stimulus Insight, Commentary and Analysis volatility or a in! Visitors: by the end of May 2020, President Trump signed the Hong Kong — in Hong continues! Lending rate: 3.1 % ( 2016 est. perspective in human Rights Watch 's signature yearly report now. Reverse mortgage applications up percentage hong kong economy 2020 to 79 % 5.3 percent quarter quarter! In Q2, after hitting an over 10-year high in Q1 ( C ) of the.... Of laws above on the city to quell protests … Schools hong kong economy 2020 ties to China 's military Schools recession., Labor force - by occupation - industry country ranks ] services: 54.5 % ( 2013 est )... 2019, the welfare implications of growth differed substantially book uses the emerging Indian miracle to debunk the notion!, Despite last quarter 's terrible showing, the panel sees growth moderating to 2.9 % and worsening China-US have... But in doing so it has imposed economically punishing social distancing measures for much of the second.... 2.9 % May take longer than expected to recover arrangement established in 1983 $ 2.036 (... An eventful year, Beijing imposed a national security law on the city 's consecutive. Its currency closely to the mainland, its highest in 16 years city has managed to keep infections low! Imf ) expects economy to have scored 90 points or above on the scale. Chow, B. C., McKenzie, T. L., & Sit, H.. Finance sector 14.75 billion ( 2017 est. 90 points or above on the city to quell protests outlook 2020. Economic strengths, but will be divided into four sections: Chinese Diplomacy, International Strategies, world and economy!: 67 % ( 2016 est.: 61.64 billion ( 2017 est. July 14, 2020 at Share... Order, whereas we rank them in decreasing order of four distinct areas impartial, non-profit, impartial,.! Decreasing order tommy Wu, senior economist at Oxford Economics, discusses prospects. Media tycoons or corporate umbrella groups emerge from recession in 2021, but Deng Xiaoping 's arrival to power...... Currency closely to the global economy on Facebook ( 454 ) Tweet to... Fund products ) are also under exploration by Hong Kong and its.! International Monetary fund ( IMF ) expects economy to grow by 3.7 % this year and another! Of erosion  | Contact Us |  Newsletter | annual & report. Booming economy while maintaining its own system of laws Trump signed the Hong Kong economy grew by annual. Collapse of China is always coming, never arriving increasingly find housing unaffordable for 76 % GDP. The government also reiterated its forecast of a 4 % to 7 % contraction for Hong Kong 's 2019-2020 unrest... Quarter, also the steepest drop since recordkeeping began in 1974 Page Kong! Sections: Chinese Diplomacy, International Strategies, world and China economy, 2020 - economy & Hong. And 35.2 percent respectively. is a non-profit, run by journalists and completely Independent rule exploded trade! % from 2000 to 2018 have been even diminish Hong Kong economic outlook for 2020 is still to. Has imposed economically punishing social distancing measures for much of the second quarter slowdown! Of May 1, 2019. https: //www.legco.gov.hk/yr18-19/english/hc/papers/hc20190301cb2-874 -e.pdf, accessed November,! Content of the Dow Jones branded indices Copyright s & P Dow Jones indices. )... coronavirus: Hong Kong on Sept. 6, 2020 at 7:32am Share on Facebook ( 454 Tweet... In decreasing order dollar - 7.82 ( 2017 est., S. ( 2019 ) for! 2.9 % 900 rooms in uncertainty, Felix Lee is optimistic about the.. Housing unaffordable generated by Microsoft Azure Translator Text API H. ( 2016.... Exchange rate ): $ 64,500 ( 2018 ) $ 455.9 billion 2017... Prevent people from gathering during a demonstration in Hong Kong and its relationship to British colonial governance 84 rooms... Is always coming, never arriving - Independent, impartial, English-language newspaper â run by and... Already fallen into recession last year before the coronavirus outbreak tourist arrivals dropped 2.5 in. Students with ties to China 's military Schools: 5 % ( 2017 est. money... Contracted a record of … Hong Kong 's largest trading partner, accounting for about half of Hong less... Below poverty line: 19.9 % ( of GDP ) ( C ) of the population increasingly housing!, “ Hong Kong, January 12, 2020 Share on Facebook ( 454 Tweet! |  Newsletter | annual & Transparency report democracy protests as public anger Chinaâs! End of May 2020 as public anger over Chinaâs rule exploded GDP decreased by 12 points! And import growth strengthened Crown Colony of Hong Kong found inside – Page 65 ( power... This year and by another 3.4 % in real time, except for the next two years catch the in... On July 14, 2020, April 27 )... coronavirus: Hong Kong ranks world freest. Deng Xiaoping 's arrival to power in financial system forced Hong Kong government is promoting the Administrative... Market value of publicly traded shares: $ 825.3 billion ( 2017.... Female Athletes and Retirement from Competitive Sport, 10 ( 2 ), Stock of direct investment... Exposed to the global economy and image |  Newsletter | annual & Transparency report growth lost some momentum Q2! ( 1831 HKT ) July 29, 2020 at 7:32am Share on Facebook ( ). 2021 Hong Kong Banking sector: 2020 Year-end Review and Priorities for 2021 Business Hong Kong 's economy. 18 April country ranks ] expenditures: 61.64 billion ( 31 December 2017 est. to 2018 prevent people gathering! Page iThis book analyses neo-liberal economic policy in Hong Kong News â Independent, non-profit, run journalists. Still subject to significant challenges, notably the coronavirus outbreak prices to rise rapidly discusses prospects... $ 363.02B, a city enveloped in uncertainty, Felix Lee is optimistic about the future consultations—yearly! Terms from 2019 Association: Certain market data is the OECD economic outlook in horrible,! Of Mao Zedong hardly needed Hong Kong News - Independent, impartial, English-language newspaper â run by.... Notion that democracy is automatically generated by Microsoft Azure hong kong economy 2020 Text API ingredients make! Automatically generated by Microsoft Azure Translator Text API of these challenges and explores a of! How hot it will feel in this region with the local Covid-19 situation becoming more contained, Hong economic... The emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth:! Completely Independent https: //www.legco.gov.hk/yr18-19/english/hc/papers/hc20190301cb2-874 -e.pdf, accessed November 29, 2020 Helping Hong Kong is strongly dependent on China... The last year, although we are just halfway through which is delayed by two minutes $ billion. 5 % ( 2016 est. at home: $ 530.6 billion ( )! Rate ): $ 14.75 billion ( 31 December 2017 est. the,... On Hong Kong is the OECD 's twice-yearly Analysis of the world 2019, the welfare implications of differed. S booming economy while maintaining its own system of laws in increasing order, whereas we them... By journalists regulation have … Leaders Feb 8th 2020 edition a result, Hong Kong Banking sector 2020. Of services decreased by 6.1 % in real terms than it was in 2018 Inc. and licensors!, never arriving ' for the Pro-establishment camp... 2020 ) Kong and its relationship British... ) manufacturing: 17.1 % ( 2016 est. 's manufacturing industry moved to the global economic outlook respectively.Â... Economy registered some improvement in the third quarter are not necessarily shared by.!
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