Markets Actual Q2 Q3 Q4 Q1 2020
Currency 7.81 7.84 7.84 7.84 7.84 7.84
Stock Market (points) 28185.98 26429 26029 25637 25251 24493
Government Bond 10Y (%) 1.63 1.63 1.66 1.7 1.74 1.81
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.30 0.9 0.9 0.7 0.5 1
GDP Annual Growth Rate (%) 0.60 1.9 2.2 2.5 2.6 2.9
Unemployment Rate (%) 2.80 2.8 2.8 2.8 2.8 2.9
Inflation Rate (%) 2.80 2.6 2.4 2.3 2.3 2.2
Interest Rate (%) 2.75 2.75 2.5 2.5 2.25 2.5
Balance of Trade (HKD Million) -34700.00 -53000 -59000 -59500 -61000 -59000
Current Account to GDP (%) 4.30 3.7 3.7 3.7 3.1 3.1
Government Debt to GDP (%) 38.40 32 32 32 31 31
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.5
Business Confidence (Index Points) -1.00 -8 -3 5 6 7
Manufacturing PMI 46.90 51.4 48.2 50.2 52 51.8
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.30 0.9 0.9 0.7 0.5 1
GDP Annual Growth Rate (%) 0.60 1.9 2.2 2.5 2.6 2.9
GDP (USD Billion) 341.45 365 365 365 365 365
GDP Constant Prices (HKD Million) 675108.00 641409 683413 719368 720069 740229
Gross National Product (HKD Million) 700210.00 694882 727257 749756 750487 771499
Gross Fixed Capital Formation (HKD Million) 128725.00 143424 146336 147933 148077 152223
GDP per capita (USD) 37927.13 39066 39066 39066 40120 40120
GDP per capita PPP (USD) 56054.92 57406 57406 57406 57760 57760
GDP From Agriculture (HKD Million) 406.00 486 435 449 449 462
GDP From Construction (HKD Million) 33759.00 30569 29736 31089 31120 31991
GDP From Manufacturing (HKD Million) 6517.00 6925 7228 7131 7138 7338
GDP From Public Administration (HKD Million) 117824.00 118778 119698 121356 121474 124875
GDP From Services (HKD Million) 598382.00 570473 613915 656801 657441 675848
GDP From Transport (HKD Million) 39028.00 38032 40893 41346 41387 42545
GDP From Utilities (HKD Million) 7936.00 9430 10004 7867 7875 8095
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 2.80 2.8 2.8 2.8 2.8 2.9
Wages (HKD/Month) 16791.00 16910 17010 16900 16900 17300
Wages in Manufacturing (Index Points) 223.40 225 226 218 218 220
Minimum Wages (HKD/Hour) 34.50 37.5 37.5 37.5 37.5 37.5
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.80 2.6 2.4 2.3 2.3 2.2
Consumer Price Index CPI (Index Points) 109.50 110 110 111 111 113
Producer Prices (Index Points) 113.20 120 116 114 114 119
Producer Prices Change (%) 0.30 4.5 4 3.5 3.5 3.8
CPI Transportation (Index Points) 106.80 109 108 109 109 111
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.75 2.75 2.5 2.5 2.25 2.5
Interbank Rate (%) 2.41 2.41 2.16 2.16 1.91 2.16
Foreign Exchange Reserves (USD Million) 437800.00 447000 450000 459900 459900 470000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (HKD Million) -34700.00 -53000 -59000 -59500 -61000 -59000
Current Account to GDP (%) 4.30 3.7 3.7 3.7 3.1 3.1
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 38.40 32 32 32 31 31
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.5
Government Spending (HKD Million) 73995.00 64184 66779 68693 68760 70686
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -1.00 -8 -3 5 6 7
Manufacturing PMI 46.90 51.4 48.2 50.2 52 51.8
Industrial Production (%) 1.40 2.4 2.1 1.9 1.5 3.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales YoY (%) -5.00 6.4 8.6 5.2 4.4 4.4
Consumer Spending (HKD Million) 464367.00 466459 451327 490408 490887 504630
Bank Lending Rate (%) 5.13 5.13 4.88 4.88 4.63 4.88


This page has economic forecasts for Hong Kong including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Hong Kong economy.