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World Factbook

Hong Kong

Heung Kong Takpit Hangching Ku (Eitel/Dyer-Ball)

Last updated: 2026-03-28 (today)

Budget

revenues

$70.124 billion (2020 est.)

expenditures

$105.849 billion (2020 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$697.583 billion (2022 est.)

Exports 2023

$673.738 billion (2023 est.)

Exports 2024

$739.915 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$682.881 billion (2022 est.)

Imports 2023

$671.492 billion (2023 est.)

Imports 2024

$723.397 billion (2024 est.)

Industries

trading and logistics, financial services, professional services, tourism, cultural and creative, clothing and textiles, shipping, electronics, toys, clocks and watches

Labor force

3.836 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

0.1% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.1% of GDP (2022 est.)

Remittances 2023

0.1% of GDP (2023 est.)

Remittances 2024

0.1% of GDP (2024 est.)

Exchange rates

Currency

Hong Kong dollars (HKD) per US dollar -

Exchange rates 2020

7.757 (2020 est.)

Exchange rates 2021

7.773 (2021 est.)

Exchange rates 2022

7.831 (2022 est.)

Exchange rates 2023

7.83 (2023 est.)

Exchange rates 2024

7.804 (2024 est.)

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

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

4.4% (2022 est.)

Unemployment rate 2023

3% (2023 est.)

Unemployment rate 2024

2.8% (2024 est.)

Exports - partners

China 22%, Vietnam 12%, S. Korea 8%, Netherlands 5%, Switzerland 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 40%, Taiwan 10%, Singapore 7%, Japan 5%, S. Korea 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$64,000 (2022 est.)

Real GDP per capita 2023

$64,400 (2023 est.)

Real GDP per capita 2024

$66,200 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

-3.7% (2022 est.)

Real GDP growth rate 2023

3.2% (2023 est.)

Real GDP growth rate 2024

2.5% (2024 est.)

Agricultural products

pork, chicken, spinach, vegetables, pork offal, game meat, beef, fruits, onions, pork fat (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

gold, integrated circuits, gas turbines, broadcasting equipment, jewelry (2023)

note: top five export commodities based on value in dollars

Imports - commodities

integrated circuits, broadcasting equipment, gold, machine parts, jewelry (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$36.525 billion (2022 est.)

Current account balance 2023

$32.338 billion (2023 est.)

Current account balance 2024

$52.475 billion (2024 est.)

GDP (official exchange rate)

$407.107 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

67.4% (2024 est.)

government consumption

12.8% (2024 est.)

investment in inventories

-0.5% (2024 est.)

investment in fixed capital

16.2% (2024 est.)

exports of goods and services

181.7% (2024 est.)

imports of goods and services

-177.7% (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.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

1.9% (2022 est.)

Inflation rate (consumer prices) 2023

2.1% (2023 est.)

Inflation rate (consumer prices) 2024

1.7% (2024 est.)

Industrial production growth rate

3.4% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$470.42 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$485.541 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$497.88 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

10.5% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

8.4% (2024 est.)

female

6.3% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$496.867 billion (2021 est.)

Reserves of foreign exchange and gold 2022

$424.03 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$425.554 billion (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

6.3% (2023 est.)

services

91.4% (2023 est.)

agriculture

0% (2023 est.)