Markets Actual Q1 Q2 Q3 Q4 2020
Currency 7.77 7.78 7.78 7.78 7.78 7.78
Stock Market (points) 28198.88 28033 27664 27298 26937 26231
Government Bond 10Y (%) 1.63 1.8 1.86 1.92 1.99 2.13
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -3.20 -0.8 2.5 1.5 1.5 1
GDP Annual Growth Rate (%) -2.90 -0.5 2.2 2.7 1.5 2.5
Unemployment Rate (%) 3.30 3.1 3 2.8 2.9 2.9
Inflation Rate (%) 3.00 2.3 2.5 2.2 2.2 2.2
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.5
Balance of Trade (HKD Million) -26168.00 -61000 -55000 -35000 -59000 -82000
Current Account (HKD Million) 74445.00 15000 17540 41000 32300 32300
Current Account to GDP (%) 4.30 4.9 4.9 4.9 4.9 4.3
Government Debt to GDP (%) 38.40 31 31 31 31 30
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.3
Business Confidence (points) -22.00 -20 2 5 7 4
Manufacturing PMI (points) 42.10 48 51 51.4 51.8 51.8
Consumer Confidence (points) 83.00 86 88 92 105 95
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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -3.20 -0.8 2.5 1.5 1.5 1
GDP Annual Growth Rate (%) -2.90 -0.5 2.2 2.7 1.5 2.5
GDP (USD Billion) 362.99 369 369 369 369 378
GDP Constant Prices (HKD Million) 676060.00 673702 661951 682145 686201 703356
Gross National Product (HKD Million) 714193.00 698125 719434 720621 724906 743029
Gross Fixed Capital Formation (HKD Million) 126010.00 128546 133239 127144 127900 131098
GDP per capita (USD) 38784.80 40060 40060 40060 40060 40791
GDP per capita PPP (USD) 57322.50 57760 57760 57760 57760 57760
GDP From Agriculture (HKD Million) 410.00 405 477 414 416 427
GDP From Construction (HKD Million) 29586.00 33703 29054 29852 30030 30781
GDP From Manufacturing (HKD Million) 7270.00 6506 7019 7335 7379 7564
GDP From Public Administration (HKD Million) 124595.00 117627 126560 125716 126464 129626
GDP From Services (HKD Million) 609135.00 597383 589353 614617 618272 633729
GDP From Transport (HKD Million) 36777.00 38963 35873 37108 37329 38262
GDP From Utilities (HKD Million) 10106.00 7923 9343 10197 10258 10514
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.30 3.1 3 2.8 2.9 2.9
Unemployed Persons (Thousand ) 124.00 112 112 112 112 114
Labor Force Participation Rate (%) 60.10 61.1 61.2 61.2 61.2 61.1
Productivity (points) 107.20 110 110 110 110 115
Wages (HKD/Month) 17304.00 17500 17900 17900 18000 18500
Wages in Manufacturing (HKD/Month) 15533.00 15500 15700 15900 16100 16500
Minimum Wages (HKD/Hour) 37.50 37.5 40.5 40.5 40.5 40.5
Population (Million) 7.48 7.57 7.57 7.57 7.62 7.69
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 5.90 6.1 5.9 6 4.9 5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.00 2.3 2.5 2.2 2.2 2.2
Consumer Price Index CPI (points) 111.10 111 113 113 114 116
Producer Prices (points) 107.90 112 114 110 111 114
Producer Prices Change (%) 1.30 3.5 2.8 2.2 2.8 2.8
Inflation Rate Mom (%) 0.10 0.4 0.3 0.8 0.8 0.26
Food Inflation (%) 6.30 5.5 4.6 3.8 3.7 4.2
CPI Transportation (points) 107.40 109 110 110 110 112
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.5
Interbank Rate (%) 2.22 2.41 2.16 2.16 2.16 2.16
Foreign Exchange Reserves (USD Million) 441300.00 429000 430000 435000 470000 465000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (HKD Million) -26168.00 -61000 -55000 -35000 -59000 -82000
Current Account (HKD Million) 74445.00 15000 17540 41000 32300 32300
Current Account to GDP (%) 4.30 4.9 4.9 4.9 4.9 4.3
Imports (HKD Million) 385438.00 386000 352000 405000 415000 430000
Exports (HKD Million) 359270.00 315000 297000 370000 356000 368000
Capital Flows (HKD Million) -103753.00 -49548 -46000 -46000 -46000 -46820
Tourist Arrivals 3311571.00 3450000 4000000 3500000 6906100 7055400
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 16469.27 14000 14000 14000 14000 16000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 38.40 31 31 31 31 30
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.3
Government Budget Value (HKD Million) -92344.00 59592 59592 59592 53632 48648
Government Spending (HKD Million) 71746.00 73845 68348 72392 72822 74643
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) -22.00 -20 2 5 7 4
Manufacturing PMI (points) 42.10 48 51 51.4 51.8 51.8
Industrial Production (%) 0.40 1.5 2 2 3.4 3.4
Car Registrations 3100.00 2900 3000 3000 3000 3150
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 83.00 86 88 92 105 95
Retail Sales YoY (%) -25.40 -10 2.9 3.2 4.4 4.4
Consumer Spending (HKD Million) 441975.00 464478 483131 445953 448605 459820
Bank Lending Rate (%) 5.00 5 4.75 4.75 4.75 4.75
Retail Sales Mom (%) -0.40 0.8 2 1.8 0.7 2.7
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 176.54 165 170 168 176 179


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.