Markets Actual Q2 Q3 Q4 Q1 2022
Currency 7.78 7.78 7.78 7.78 7.78 7.78
Stock Market (points) 28698.80 27886 27135 26407 25697 24275
Government Bond 10Y (%) 1.36 1.4 1.45 1.5 1.56 1.66

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.20 0.9 0.9 1 1 1
GDP Annual Growth Rate (%) -3.00 2.8 5.5 3.5 3 3.5
Unemployment Rate (%) 7.20 6.5 6 6 6 6
Inflation Rate (%) 0.30 1.5 2.5 2.5 2.1 2.4
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (HKD Million) -14699.00 -21000 -14000 -82000 -82000 -25000
Current Account (HKD Million) 30889.00 45000 50000 40000 30000 30000
Current Account to GDP (%) 6.20 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) -17.00 5 10 6 6 8
Manufacturing PMI (points) 50.50 52 53 52 51 52
Consumer Confidence (points) 75.00 103 103 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 (%) 0.20 0.9 0.9 1 1 1
GDP Annual Growth Rate (%) -3.00 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 642705 634711 755774 726345 751767
Gross National Product (HKD Million) 719196.00 658412 692951 787700 744368 770421
Gross Fixed Capital Formation (HKD Million) 133513.00 117666 110016 155420 138186 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) 428.00 432 535 472 443 458
GDP From Construction (HKD Million) 26440.00 29116 26139 32663 27365 28323
GDP From Manufacturing (HKD Million) 6568.00 6269 6784 7492 6798 7036
GDP From Public Administration (HKD Million) 127261.00 120627 130591 127498 131715 136325
GDP From Services (HKD Million) 632340.00 567799 564841 690041 654472 677378
GDP From Transport (HKD Million) 22053.00 26026 17716 43439 22825 23624
GDP From Utilities (HKD Million) 6953.00 6996 8517 8265 7196 7448

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.20 6.5 6 6 6 6
Unemployed Persons (Thousand ) 261.60 240 230 230 210 200
Labor Force Participation Rate (%) 59.50 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 (%) 10.60 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 (%) 0.30 1.5 2.5 2.5 2.1 2.4
Consumer Price Index CPI (points) 111.90 112 113 117 113 116
Producer Prices (points) 109.90 112 113 123 114 117
Inflation Rate Mom (%) 0.20 0.6 1.1 0.5 0.3 0.3
Food Inflation (%) 0.70 1.5 2.5 3.1 2.1 3
CPI Transportation (points) 104.90 109 109 115 108 111
Producer Prices Change (%) 2.90 0.7 1.2 3.8 2.6 2.8

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.22 0.24 0.24 2.01 0.24 0.24
Foreign Exchange Reserves (USD Million) 491300.00 517264 533137 549009 564882 612500

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (HKD Million) -14699.00 -21000 -14000 -82000 -82000 -25000
Current Account (HKD Million) 30889.00 45000 50000 40000 30000 30000
Current Account to GDP (%) 6.20 4.8 4.8 4.8 4.8 4.5
Imports (HKD Million) 325776.00 395000 410000 405000 400000 400000
Exports (HKD Million) 311007.00 381000 383000 390000 375000 375000
Capital Flows (HKD Million) -62781.00 -40000 -45000 -40000 -40000 -40000
Tourist Arrivals (Persons) 5495.00 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) 14543.80 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 83817 79028 72170 82301 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) -17.00 5 10 6 6 8
Manufacturing PMI (points) 50.50 52 53 52 51 52
Industrial Production (%) -6.00 3.5 5.5 4 3.1 3.4
Car Registrations 2622.00 3000 3000 3150 3150 3150

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 75.00 103 103 99 99 99
Retail Sales YoY (%) 31.70 6 5.5 5.5 8.5 4.5
Consumer Spending (HKD Million) 452707.00 433496 434944 515227 468552 484951
Bank Lending Rate (%) 5.00 5 5 5.38 5 5
Retail Sales Mom (%) -9.50 0.7 0.7 2.7 2.7 2.7

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 173.67 190 190 200 200 213


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.