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GLOBAL FINANCE A PIONEERING VOICE FOR MODERN FINANCE   Global Finance is a monthly magazine founded in 1987 by publishing entrepreneurs Joseph Giarraputo and Carl Burgen. Giarraputo continues as Publisher and Editorial Director. Its mission is to help corporate leaders, ...

 
 
Source
Central bank

Hong Kong Monetary Authority

International Reserves

USD 358.7 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 326.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 444.7 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
7% 6.5% 2.1% -2.5% 6.8% 4.8% 1.7%
2013 2014 2015 2016* 2017*    
3.1% 2.7% 2.4% 1.4% 1.9%    

*Estimate

GDP per capita - current prices

USD 44,094.4 (2017, estimate)

GDP per capita - PPP

Intl$ 60,069.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.27% 0.38% 0.37% 0.38% 0.4%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.1% 
  • industry: 7.2% 
  • services: 92.8%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
4.3% 4.4% 3.0% 2.5% 2.6%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
3.4% 3.3% 3.3% 3.2% 3.1%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016 2017*
0.5% 0.1% 0.1% 0.1% 0.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017*
1% 3.6% 0.6% 1.5% 1.5%

*Estimate

Government bond ratings

Standard & Poor's: AAA

Moody's: Aa1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 3100.8 billion USD 3233 billion USD 3184.9 billion
Largest companies

Citic Pacific, AIA Group, CK Hutchison, Jardine Matheson, Sun Hung Kai Properties, China Resources Land, Cheung Kong Property Holdings, CLP Holdings, Swire Pacific, China Taiping Insurance, New World Development, MTR, Wheelock, Henderson Land, WH Group, China Resources Power, Hong Kong Exchanges, ZTE, Cathay Pacific Airways, Link REIT, Shimao Property Holdings, Bank of East Asia, Power Assets Holdings, Towngas, Beijing Enterprises, Galaxy Entertainment, Noble Group, Sun Art Retail Group, Chow Tai Fook Jewellery, Michael Kors Holdings, Li & Fung, China Merchants Holdings, Kerry Properties, Belle International Holdings, Sino Land, Franshion Properties (China), Hang Lung Group, Genting Hong Kong, China Resources Enterprise, Guangdong Investment, Agile Property Holdings, Hanergy Thin Film Power Group, First Pacific, Chinese Estates, KWG Property Holding, Techtronic Industries, Great Eagle Holdings, TPV Technology, Dah Sing Financial Holdings.

 
 
Source
Current account balance

USD 9.5 billion (2017 estimate)

Current account balance by percentage of GDP

2.9% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

201.6% (2015)

Shares in world total merchandising export

3.1% (2015)

Shares in world total commercial services export

2.2% (2015)

Total exports

USD 487.7 billion (2016 estimate)

Export commodities

Electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material

Total imports

USD 509.5 billion (2016 estimate)

 
 
Source
Import commodities

Raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is reexported)

Exports - major partners

China 53.7%, US 9.5% (2015)

Imports - major partners

China 49%, Japan 6.4%, Singapore 6.1%, US 5.2%, South Korea 4.3% (2015)

FDI inflows
2013 2014 2015
USD 74,546 million USD 114,055 million USD 174,892 million
FDI outflows
2013 2014 2015
USD 81,025 million USD 125,109 million USD 55,143 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 16008.6 million USD 22803.6 million USD 61377.5 million USD 17916.1 million
Cross-border M&A deals worth over $3 billion completed in 2014

CITIC Pacific Ltd, CITIC Ltd, China, USD 42.2 billion / MMG South America Management Co Ltd, Xstrata Peru SA, Peru, USD 7.0 billion / Lenovo Group Ltd, Motorola Mobility Holdings Inc, United States, USD 3.1 billion

Cross-border M&A deals worth over $3 billion completed in 2015

China Resources (Holdings) Co Ltd, Ondereel Ltd,Best-Growth Resources Ltd,Havensbrook Investments Ltd,China Resourc, Hong Kong, China, USD 14.0 billion / Chia Tai Bright Investment Co Ltd, CITIC Ltd, Hong Kong, China, USD 5.9 billion / China Overseas Holdings Ltd, China Overseas Land & Investment Ltd, Hong Kong, China, USD 5.5 billion / Alpha Progress Global Ltd, Celestial Domain Investments Ltd, China, USD 5.5 billion / Chia Tai Bright Investment Co Ltd, CITIC Ltd, Hong Kong, China, USD 4.4 billion

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 4 out of 190 countries (2017)

Subcategories:

Starting a business: 3 out of 190 countries

Enforcing Contracts: 21 out of 190 countries

Registering Property: 61 out of 190 countries

Getting Credit: 20 out of 190 countries

Protecting Minority Investors: 3 out of 190 countries

Trading Across Borders: 42 out of 190 countries

Paying Taxes: 3 out of 190 countries

Dealing with Construction Permits: 5 out of 190 countries

Getting Electricity: 3 out of 190 countries

Resolving Insolvency: 28 out of 190 countries

Global competitiveness ranking

9 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 1 / Score: 88.55 (Free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+8

Total area

1,108 sq km

Capital

Hong Kong

Currency

Hong Kong dollars (HKD)

Government type

Presidential limited democracy; a special administrative region of the PRC

Languages

Cantonese (official) 89.5%, English (official) 3.5%, Mandarin (official) 1.4%, other Chinese dialects 4%, other 1.6% (2011 est.)

Religions

Eclectic mixture of local religions 90%, Christian 10%

Total population
1990 2000 2010* 2016* 2021*
5.793 million 6.712 million 7.052 million 7.357 million 7.587 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
85% 92% 100% 100%
Population median age

44 years (2016 estimate)

Population growth rate

0.35% (2016 estimate)

Life expectancy

82.9 years (2016 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 2 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 59.23%   Mobile 228.68% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

84.95% (2015)

Mercer Cost of living index

Hong Kong: 1st (2016)

CO2 emissions

6.3 (2013)

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