Markets Actual Q2 Q3 Q4 Q1 2022
Currency 7.77 7.77 7.77 7.77 7.77 7.77
Stock Market (points) 28610.65 27855 27105 26378 25668 24248
Government Bond 10Y (%) 1.17 1.23 1.28 1.32 1.37 1.46

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 5.30 0.5 0.9 1 0.5 1
GDP Annual Growth Rate (%) 7.80 2.8 5.5 3.5 3 3.5
Unemployment Rate (%) 6.80 6.5 6 6 6 6
Inflation Rate (%) 0.50 1.3 4.2 2.5 1.8 1.5
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (HKD Million) -26967.00 -21000 -14000 -82000 -82000 -25000
Current Account (HKD Million) 30889.00 45000 50000 40000 30000 30000
Current Account to GDP (%) 6.60 4.8 4.8 4.8 4.8 4.5
Government Debt to GDP (%) 38.40 45 45 45 43 43
Government Budget (% of GDP) -12.00 -6 -6 -6 0.1 0.1
Business Confidence (points) 0.00 5 10 6 6 8
Manufacturing PMI (points) 50.30 52 53 52 51 52
Consumer Confidence (points) 62.40 103 103 99 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 15 15 15

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 5.30 0.5 0.9 1 0.5 1
GDP Annual Growth Rate (%) 7.80 2.8 5.5 3.5 3 3.5
GDP (USD Billion) 366.03 320 320 320 365 365
GDP Constant Prices (HKD Million) 701783.00 634711 709828 726345 722836 751767
Gross National Product (HKD Million) 719196.00 692951 759159 744368 740772 770421
Gross Fixed Capital Formation (HKD Million) 133513.00 110016 124315 138186 137518 143022
GDP per capita (USD) 37957.10 37191 37191 37191 38523 38523
GDP per capita PPP (USD) 59892.90 58190 58190 58190 59770 59770
GDP From Agriculture (HKD Million) 428.00 535 486 443 441 458
GDP From Construction (HKD Million) 26440.00 26139 26017 27365 27233 28323
GDP From Manufacturing (HKD Million) 6568.00 6784 7084 6798 6765 7036
GDP From Public Administration (HKD Million) 127261.00 130591 135774 131715 131079 136325
GDP From Services (HKD Million) 632340.00 564841 627607 654472 651310 677378
GDP From Transport (HKD Million) 22053.00 17716 21264 22825 22715 23624
GDP From Utilities (HKD Million) 6953.00 8517 9818 7196 7162 7448

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.80 6.5 6 6 6 6
Unemployed Persons (Thousand ) 259.80 240 230 230 210 200
Labor Force Participation Rate (%) 59.60 60 60.5 60.5 61 61
Productivity (points) 106.40 103 103 103 110 110
Wages (HKD/Month) 16884.00 17000 17500 17500 17500 18500
Wages in Manufacturing (HKD/Month) 15354.00 15500 16000 16000 16500 16500
Minimum Wages (HKD/Hour) 37.50 37.5 40.5 40.5 40.5 40.5
Population (Million) 7.47 7.62 7.62 7.69 7.76 7.76
Youth Unemployment Rate (%) 9.30 10.3 10 9 8.5 8
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 2022
Inflation Rate (%) 0.50 1.3 4.2 2.5 1.8 1.5
Consumer Price Index CPI (points) 111.90 112 113 113 114 115
Producer Prices (points) 109.90 112 113 123 114 117
Producer Prices Change (%) 2.90 0.7 1.2 3.8 2.6 2.8
CPI Transportation (points) 105.70 109 110 108 108 110
Food Inflation (%) 1.60 1.5 2.5 3.1 2.1 3
Inflation Rate Mom (%) 0.00 0.6 1.1 0.5 0.3 0.3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.17 0.24 0.24 2.01 0.24 0.24
Foreign Exchange Reserves (USD Million) 490600.00 517264 533137 549009 564882 612500

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (HKD Million) -26967.00 -21000 -14000 -82000 -82000 -25000
Current Account (HKD Million) 30889.00 45000 50000 40000 30000 30000
Current Account to GDP (%) 6.60 4.8 4.8 4.8 4.8 4.5
Imports (HKD Million) 436091.00 395000 410000 405000 400000 400000
Exports (HKD Million) 409124.00 381000 383000 390000 375000 375000
Capital Flows (HKD Million) -62781.00 -40000 -45000 -40000 -40000 -40000
Tourist Arrivals (Persons) 6675.00 50000 300000 900000 1000000 2000000
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 15665.13 14000 14000 14000 16000 16000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 38.40 45 45 45 43 43
Government Budget (% of GDP) -12.00 -6 -6 -6 0.1 0.1
Government Budget Value (HKD Million) 2708.00 -100000 -60000 -55000 -120000 36500
Government Spending (HKD Million) 79518.00 79028 83725 82301 81904 85182
Fiscal Expenditure (HKD Million) 172001.00 130000 130000 130000 110000 110000

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

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 0.00 5 10 6 6 8
Manufacturing PMI (points) 50.30 52 53 52 51 52
Industrial Production (%) -6.00 3.5 5.5 4 3.1 3.4
Car Registrations 2517.00 3000 3000 3150 3150 3150

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 62.40 103 103 99 99 99
Retail Sales YoY (%) 19.80 15 10 5.5 8.5 4.5
Consumer Spending (HKD Million) 452707.00 434944 440467 468552 466288 484951
Bank Lending Rate (%) 5.00 5 5 5.38 5 5
Retail Sales Mom (%) -7.60 0.7 0.7 2.7 2.7 2.7

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 173.24 190 190 200 200 213


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.