Markets Actual Q3 Q4 Q1 Q2 2020
Currency 7.84 7.83 7.83 7.83 7.83 7.83
Stock Market (points) 26179.33 25709 25326 24950 24577 23849
Government Bond 10Y (%) 1.17 1.68 1.72 1.76 1.81 1.9
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.40 -0.6 0.5 0.5 -0.4 1
GDP Annual Growth Rate (%) 0.50 0.5 1.5 2.6 2.7 2.9
Unemployment Rate (%) 2.90 2.8 2.8 2.8 2.8 2.9
Inflation Rate (%) 3.30 2.4 2.3 2.3 2.5 2.2
Interest Rate (%) 2.50 2.5 2.5 2.25 2.25 2.5
Balance of Trade (HKD Million) -55200.00 -59000 -69500 -61000 -55000 -59000
Current Account to GDP (%) 4.30 3.7 3.7 3.1 3.1 3.1
Government Debt to GDP (%) 38.40 32 32 31 31 31
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.5
Business Confidence (Index Points) -8.00 -3 5 6 7 7
Manufacturing PMI 43.80 45.2 46.2 48 51 51.8
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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.40 -0.6 0.5 0.5 -0.4 1
GDP Annual Growth Rate (%) 0.50 0.5 1.5 2.6 2.7 2.9
GDP (USD Billion) 362.99 365 365 365 365 365
GDP Constant Prices (HKD Million) 657429.00 699491 732511 692661 693336 753754
Gross National Product (HKD Million) 699293.00 743157 760450 718415 719116 782503
Gross Fixed Capital Formation (HKD Million) 131070.00 151316 152584 132072 132201 157009
GDP per capita (USD) 38784.80 39066 39066 40120 40120 40120
GDP per capita PPP (USD) 57322.50 57406 57406 57760 57760 57760
GDP From Agriculture (HKD Million) 406.00 421 429 417 417 442
GDP From Construction (HKD Million) 33759.00 31175 32964 34637 34670 33920
GDP From Manufacturing (HKD Million) 6517.00 7274 7144 6686 6693 7351
GDP From Public Administration (HKD Million) 117824.00 122998 123168 120887 121005 126740
GDP From Services (HKD Million) 598382.00 622879 664085 613940 614538 683344
GDP From Transport (HKD Million) 39028.00 37836 40057 40043 40082 41219
GDP From Utilities (HKD Million) 7936.00 9991 7847 8142 8150 8075
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.90 2.8 2.8 2.8 2.8 2.9
Wages (HKD/Month) 16928.00 16910 16900 16900 16900 17300
Wages in Manufacturing (Index Points) 223.40 225 218 218 218 220
Minimum Wages (HKD/Hour) 34.50 37.5 37.5 37.5 37.5 37.5
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.30 2.4 2.3 2.3 2.5 2.2
Consumer Price Index CPI (Index Points) 110.70 110 111 111 113 113
Producer Prices (Index Points) 113.20 116 114 114 117 119
Producer Prices Change (%) 0.80 1.4 2.5 3.5 2.8 2.8
CPI Transportation (Index Points) 108.70 108 109 109 110 111
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.50 2.5 2.5 2.25 2.25 2.5
Interbank Rate (%) 2.35 2.22 2.22 1.97 1.97 2.22
Foreign Exchange Reserves (USD Million) 448500.00 450000 459900 459900 460000 470000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (HKD Million) -55200.00 -59000 -69500 -61000 -55000 -59000
Current Account to GDP (%) 4.30 3.7 3.7 3.1 3.1 3.1
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 38.40 32 32 31 31 31
Government Budget (% of GDP) 2.10 1.5 1.5 1.5 1.5 1.5
Government Spending (HKD Million) 67949.00 68083 69662 75919 75993 71683
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -8.00 -3 5 6 7 7
Manufacturing PMI 43.80 45.2 46.2 48 51 51.8
Industrial Production (%) 1.40 -1 -2 1.5 2 3.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales YoY (%) -7.60 -8.5 -5.2 2.4 2.9 4.4
Consumer Spending (HKD Million) 478982.00 459827 496148 476441 476905 510537
Bank Lending Rate (%) 5.13 5.13 5.13 4.88 4.88 5.13


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.