Markets Actual Q1 Q2 Q3 Q4 2023
Currency 7.79 7.79 7.79 7.79 7.79 7.79
Stock Market (points) 23807.00 24122 23305 22519 21757 20311
Government Bond 10Y (%) 1.66 1.69 1.76 1.83 1.91 2.07

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 0.10 0.5 0.3 0.3 0.3 1
GDP Annual Growth Rate (%) 5.40 3 2.5 2 3.5 2.3
Unemployment Rate (%) 3.90 4.5 4.3 4 4 3.8
Inflation Rate (%) 2.40 1.8 1.5 1.5 1.5 1.5
Interest Rate (%) 0.86 1.25 1.5 1.5 1.75 2.5
Balance of Trade (HKD Million) -32753.00 -25000 -25000 -25000 -25000 -32000
Current Account (HKD Million) 96742.00 30000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.8 4.5 4.5
Government Debt to GDP (% of GDP) 38.40 43 43 43 43 43
Government Budget (% of GDP) -12.00 0.1 0.1 0.1 0.1 0.5
Business Confidence (points) 1.00 -3 8 8 8 8
Manufacturing PMI (points) 50.80 51 51 51 51 52
Consumer Confidence (points) 61.90 99 99 99 99 99
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 2023
GDP Growth Rate (%) 0.10 0.5 0.3 0.3 0.3 1
GDP Annual Growth Rate (%) 5.40 3 2.5 2 3.5 2.3
GDP (USD Billion) 346.59 365 365 365 365 365
GDP Constant Prices (HKD Million) 720472.00 718970 692586 734881 745689 762839
Gross National Product (HKD Million) 793700.00 744958 782701 809574 821480 840374
Gross Fixed Capital Formation (HKD Million) 127298.00 123541 130929 129844 131753 134784
GDP per capita (USD) 41644.32 38523 38523 38523 38523 38523
GDP per capita PPP (USD) 56154.00 59770 59770 59770 59770 59770
GDP From Agriculture (HKD Million) 510.00 544 587 520 528 540
GDP From Construction (HKD Million) 25981.00 28728 26347 26501 26890 27509
GDP From Manufacturing (HKD Million) 7672.00 6949 7577 7825 7941 8123
GDP From Public Administration (HKD Million) 140878.00 130213 141807 143696 145809 149162
GDP From Services (HKD Million) 641133.00 629483 615428 653956 663573 678835
GDP From Transport (HKD Million) 23660.00 25078 19842 24133 24488 25051
GDP From Utilities (HKD Million) 9071.00 6826 8535 9252 9388 9604

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 3.90 4.5 4.3 4 4 3.8
Unemployed Persons (Thousand ) 143.30 210 210 210 200 200
Labor Force Participation Rate (%) 58.80 61 61 61 61 61
Productivity (points) 107.40 110 110 110 110 110
Wages (HKD/Month) 17182.00 17500 17500 17500 17500 18500
Wages in Manufacturing (HKD/Month) 15250.00 16500 16500 16500 16500 16500
Minimum Wages (HKD/Hour) 37.50 40.5 40.5 40.5 40.5 40.5
Population (Million) 7.47 7.76 7.76 7.76 7.76 7.76
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 6.00 8.5 8.5 8.5 8 6

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 2.40 1.8 1.5 1.5 1.5 1.5
Consumer Price Index CPI (points) 102.20 103 103 101 104 105
Producer Prices (points) 111.00 114 118 114 115 118
Inflation Rate Mom (%) 1.00 0.3 0.3 0.3 0.3 0.3
Producer Prices Change (%) -0.90 2.6 2.6 2.6 2.6 2.8
Food Inflation (%) 3.00 2.1 2.1 2.1 3 3
CPI Transportation (points) 102.10 102 103 103 103 104

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 0.86 1.25 1.5 1.5 1.75 2.5
Interbank Rate (%) 0.32 0.71 0.96 0.96 1.21 1.71
Foreign Exchange Reserves (USD Million) 496800.00 564882 564882 564882 612500 676503

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (HKD Million) -32753.00 -25000 -25000 -25000 -25000 -32000
Current Account (HKD Million) 96742.00 30000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.8 4.5 4.5
Imports (HKD Million) 522267.00 400000 400000 400000 400000 400000
Exports (HKD Million) 489514.00 375000 375000 375000 375000 368000
Capital Flows (HKD Million) -64426.00 -40000 -40000 -40000 -40000 -40000
Tourist Arrivals (Persons) 9492.00 1000000 1000000 1000000 2000000 2000000
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 16633.04 16000 16000 16000 16000 17000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 38.40 43 43 43 43 43
Government Budget (% of GDP) -12.00 0.1 0.1 0.1 0.1 0.5
Government Budget Value (HKD Million) -85764.00 -120000 -120000 -120000 36500 36500
Government Spending (HKD Million) 87299.00 95862 85064 89045 90354 92433
Fiscal Expenditure (HKD Million) 152996.00 110000 110000 110000 110000 110000

Taxes Actual Q1 Q2 Q3 Q4 2023
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 2023
Business Confidence (points) 1.00 -3 8 8 8 8
Manufacturing PMI (points) 50.80 51 51 51 51 52
Industrial Production (%) 7.80 3.1 3.1 3.1 3.1 3.4
Car Registrations 3921.00 3150 3150 3150 3150 3150

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 61.90 99 99 99 99 99
Retail Sales YoY (%) 4.20 8.5 5.5 5.5 4.5 4.5
Consumer Spending (HKD Million) 461895.00 463680 480989 471133 478061 489057
Bank Lending Rate (%) 5.00 5.39 5.64 5.64 5.89 6.39
Retail Sales Mom (%) 9.10 2.7 2.7 2.7 2.7 2.7

Housing Actual Q1 Q2 Q3 Q4 2023
Housing Index (points) 182.58 200 200 200 213 213


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Hong Kong Forecast - was last updated on Thursday, January 27, 2022.