Markets Actual Q1 Q2 Q3 Q4 2022
Currency 7.76 7.76 7.76 7.76 7.76 7.76
Stock Market (points) 29880.42 28956 28176 27421 26683 25207
Government Bond 10Y (%) 1.34 1.37 1.42 1.47 1.52 1.62

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.20 0.8 1.5 1.5 1 1
GDP Annual Growth Rate (%) -3.00 3.5 2.8 2.8 2.5 2.8
Unemployment Rate (%) 7.00 6.5 6.5 6 6 6
Inflation Rate (%) 1.90 -0.3 1.5 2.5 2.5 2.4
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (HKD Million) -25228.00 -20000 -6000 -39000 -82000 -82000
Current Account (HKD Million) 96537.00 30000 45000 40000 30000 30000
Current Account to GDP (%) 6.20 4.3 4.3 4.3 4.3 4
Government Debt to GDP (%) 38.40 40.5 40.5 40.5 40.5 40.7
Government Budget (% of GDP) -3.60 -5 -5 -5 -5 1
Business Confidence (points) -17.00 -1 2 2 6 8
Manufacturing PMI (points) 50.00 51 51.6 52 52 52
Consumer Confidence (points) 75.00 95 103 103 99 99
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 17.00 15 17 17 15 15

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.20 0.8 1.5 1.5 1 1
GDP Annual Growth Rate (%) -3.00 3.5 2.8 2.8 2.5 2.8
GDP (USD Billion) 366.03 320 320 320 320 365
GDP Constant Prices (HKD Million) 701783.00 657972 634679 692489 690468 709801
Gross National Product (HKD Million) 719582.00 674042 692951 739730 737572 758224
Gross Fixed Capital Formation (HKD Million) 133513.00 120460 110023 121133 120780 124162
GDP per capita (USD) 37957.10 37191 37191 37191 37191 38523
GDP per capita PPP (USD) 59892.90 58190 58190 58190 58190 59770
GDP From Agriculture (HKD Million) 461.00 442 535 474 473 486
GDP From Construction (HKD Million) 24661.00 29807 26139 25352 25278 25985
GDP From Manufacturing (HKD Million) 6715.00 6418 6784 6903 6883 7076
GDP From Public Administration (HKD Million) 128696.00 123491 130591 132299 131913 135607
GDP From Services (HKD Million) 594888.00 581278 564841 611545 609760 626833
GDP From Transport (HKD Million) 20155.00 26644 17716 20719 20659 21237
GDP From Utilities (HKD Million) 9306.00 7162 8517 9567 9539 9806

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.00 6.5 6.5 6 6 6
Unemployed Persons (Thousand ) 253.30 112 112 112 112 114
Labor Force Participation Rate (%) 59.50 61.2 61.2 61.2 61.2 61.1
Productivity (points) 106.50 103 103 103 103 110
Wages (HKD/Month) 17146.00 18000 18000 18000 18500 18500
Wages in Manufacturing (HKD/Month) 15676.00 16100 16100 16100 16500 16500
Minimum Wages (HKD/Hour) 37.50 37.5 37.5 40.5 40.5 40.5
Population (Million) 7.47 7.62 7.62 7.62 7.69 7.76
Youth Unemployment Rate (%) 10.70 4.9 4.9 4.9 5 5
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 1.90 -0.3 1.5 2.5 2.5 2.4
Consumer Price Index CPI (points) 111.70 111 113 111 113 116
Producer Prices (points) 112.00 119 110 113 123 123
Inflation Rate Mom (%) 0.90 0.1 0.1 0.1 0.1 0.3
Food Inflation (%) -0.60 3.7 3.7 3.7 4.2 4.2
CPI Transportation (points) 105.50 108 109 108 108 111
Producer Prices Change (%) 3.80 2.8 2.8 2.8 2.8 2.8

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.23 0.24 0.24 0.24 0.24 0.24
Foreign Exchange Reserves (USD Million) 493500.00 551136 599833 648530 697226 779939

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (HKD Million) -25228.00 -20000 -6000 -39000 -82000 -82000
Current Account (HKD Million) 96537.00 30000 45000 40000 30000 30000
Current Account to GDP (%) 6.20 4.3 4.3 4.3 4.3 4
Imports (HKD Million) 413208.00 365000 380000 380000 390000 400000
Exports (HKD Million) 387980.00 359000 341000 341000 368000 348000
Capital Flows (HKD Million) -127321.00 -46000 -46000 -46000 -46000 -46820
Tourist Arrivals (Persons) 4867.00 58000 350000 490000 6055400 6055400
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 14543.80 16000 16000 16000 16000 16000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 38.40 40.5 40.5 40.5 40.5 40.7
Government Budget (% of GDP) -3.60 -5 -5 -5 -5 1
Government Budget Value (HKD Million) 2708.00 -40000 -40000 -40000 48648 48648
Government Spending (HKD Million) 79518.00 85810 79103 81476 81238 83513
Fiscal Expenditure (HKD Million) 172001.00 130000 130000 130000 130000 104771

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 17.00 15 17 17 15 15

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) -17.00 -1 2 2 6 8
Manufacturing PMI (points) 50.00 51 51.6 52 52 52
Industrial Production (%) -7.40 3.4 3.4 3.4 3.4 3.4
Car Registrations 3965.00 3000 3000 3000 3150 3150

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 75.00 95 103 103 99 99
Retail Sales YoY (%) -14.50 7.5 6 5.5 5.5 4.5
Consumer Spending (HKD Million) 452707.00 443794 434954 429019 427767 439745
Bank Lending Rate (%) 5.00 5 5 5 5 5
Retail Sales Mom (%) 3.70 0.7 0.7 0.7 2.7 2.7

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 174.11 190 190 190 200 213


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.