Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

 
 
Source
Central bank

Hong Kong Monetary Authority

International Reserves

US$ 344.506 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 294 billion (2014 estimate)

GDP (Purchasing Power Parity)

402 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3% 8.5% 7.4% 7.0% 6.5% 2.1% -2.5% 6.8%
2011 2012 2013 2014*        
4.8% 1.6% 2.9% 3.7%        

*Estimate

GDP per capita - current prices

US$ 40,175 (2014 estimate)

GDP per capita - PPP

$55,026 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.30% 0.42% 0.42% 0.44% 0.44%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0% 
  • industry: 6.9% 
  • services: 93% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
5.3% 4.1% 4.3% 4.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
3.4% 3.3% 3.1% 3.1%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
35.5% 34.8% 34.2% 33.8% 33.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
4.2% 3.9% 3.2% 0.8% 2.6

*Estimate   

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2011* 2012 2013**
US$2.248 trillion US$2.814 trillion US$3.082 trillion

*2011 Estimate     **2013 Estimate   

Largest companies in Hong Kong

China Mobile, CNOOC, Hutchison Whampoa, AIA Group, China Unicom, Jardine Matheson, China Railway Group, Sun Hung Kai Properties, Cheung Kong Holdings, CLP Holdings, Swire Pacific, China Resources Land, Lenovo Group, China Resources Power, MTR, Country Garden Holdings, Li & Fung, Henderson Land, New World Development, Wheelock & Co, Galaxy Entertainment, Citic Pacific, Shimao Property Holdings, Bank of East Asia, SJM Holdings, Chow Tai Fook Jewellery, Power Assets Holdings, Hong Kong & China Gas, Link REIT, Cathay Pacific Airways, Noble Group, Sun Art Retail Group, Melco Crown Entertainment, China Resources Enterprise, Hong Kong Exchanges, Hang Lung Group, Beijing Enterprises, China Taiping Insurance, ZTE, Agile Property Holdings, Michael Kors Holdings, Belle International Holdings, China Merchants Holdings, Sino Land, China Mengniu Dairy, Hopson Development Holdings, Franshion Properties (China), Brilliance China Automotive Holdings, China Agri-Industries, Honbridge Holdings, Chinese Estates, Hysan Development, Wing Hang Bank, Guangdong Investment, Yuexiu Property Co., First Pacific, Shangri-La Asia, TPV Technology

 
 
Source
Current account balance

US$ 9.781 billion (2014 estimate)(After 2008)

Current account balance by percentage of GDP

3.33% of GDP (2014 estimate)(2009)

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

229.6% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

2.68%(2012)

(Data were released in March 2014)

Shares in world total commercial services export

2.88% (2012)(2007)

(Data were released in 2014)

Total exports

US$456.4billion (2013 estimate) 

Export commodities

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

Total imports

US$ 520.6 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

China 57.7%, US 8.9%, Japan 4.2% (2012 est.)

Imports - major partners

China 44.5%, Japan 8%, Taiwan 6.8%, South Korea 5.5%, US 4.9% (2012 est.)

FDI inflows
2011 2012 2013
US$ 96,125 million US$74,888 million US$ 76,633 million
FDI outflows
2011 2012 2013  
US$ 95,885 million US$ 88,118 million US$ 91,530 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 13,255 million US$ 10,125 million US$16,076 million US$ 16,784 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Investor Group, MGN Gas Networks(UK)Ltd, United Kingdom, 3.0

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 2 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 5 out of 185 countries(2009)

Enforcing Contracts: 9 out of 185 countries

Registering Property: 89 out of 185 countries

Getting credit: 3 out of 185 countries

Protecting investors: 3 out of 185 countries

Trading across border: 2 out of 185 countries

Paying Taxes: 4 out of 185 countries

Dealing with Construction Permits: 1 out of 185 countries

Getting Electricity: 5 out of 185 countries

Resolving Insolvency: 19 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

7

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 1 Score: 90.1 (Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Total area

1,104 km2 (2006)

Capital

Hong Kong (2009)

Currency

Hong Kong dollars (HKD) (2009)

Government type

limited democracy (2009)

Languages

Chinese (Cantonese) 89.2% (official), other Chinese dialects 6.4%, English 3.2% (official), other 1.2% (2001 census)

Religions

eclectic mixture of local religions 90%, Christian 10%

Total population
1980 1990 2000 2012* 2017**
5.06 million 5.75 million 6.71 million 7.17 million 7.49 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
85.2% 91.5% 100% 100%
Population median age

N/A

Population growth rate

0.1% (2011)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

43.44 (1996)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

N/A

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

Source
Total telephone subscribers as % of population

270.7% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

74.5% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Hong Kong: 9th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

N/A

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