Markets Actual Q3 Q4 Q1 Q2 2021
Currency 7.75 7.75 7.75 7.75 7.75 7.75
Stock Market (points) 25183.01 24586 23924 23282 22656 21402
Government Bond 10Y (%) 0.52 0.54 0.56 0.58 0.6 0.64

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -0.10 2.2 1.5 1 0.9 1
GDP Annual Growth Rate (%) -9.00 1.7 1.5 3.5 2.8 2.5
Unemployment Rate (%) 6.20 6 5.5 5.5 5.5 5
Inflation Rate (%) 0.70 1.9 2.5 2.1 3.5 2.5
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (HKD Million) -33300.00 -5000 -59000 -6000 -39000 -82000
Current Account (HKD Million) -9028.00 -7000 -5000 12500 25100 32300
Current Account to GDP (%) 6.20 -3.9 -3.9 4.3 4.3 4.3
Government Debt to GDP (%) 38.40 40 40 40.5 40.5 40.5
Government Budget (% of GDP) -1.30 -5 -5 1.3 1.3 1.3
Business Confidence (points) -11.00 -280 -22 -10 2 6
Manufacturing PMI (points) 44.50 50 50 51 51.6 51.8
Consumer Confidence (points) 75.00 82 95 95 103 99
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 17.00 17 17 17 17 17

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -0.10 2.2 1.5 1 0.9 1
GDP Annual Growth Rate (%) -9.00 1.7 1.5 3.5 2.8 2.5
GDP (USD Billion) 366.03 275 275 320 320 320
GDP Constant Prices (HKD Million) 617392.00 702170 734646 659435 654975 753012
Gross National Product (HKD Million) 651248.00 718242 731088 674042 669483 749365
Gross Fixed Capital Formation (HKD Million) 107026.00 133251 132028 122562 121733 135329
GDP per capita (USD) 37957.10 36060 36060 37191 37191 37191
GDP per capita PPP (USD) 59892.90 57260 57260 58190 58190 58190
GDP From Agriculture (HKD Million) 427.00 409 430 442 439 441
GDP From Construction (HKD Million) 28799.00 30697 31579 29807 29605 32368
GDP From Manufacturing (HKD Million) 6201.00 7312 7108 6418 6375 7286
GDP From Public Administration (HKD Million) 119315.00 125301 127063 123491 122656 130239
GDP From Services (HKD Million) 561621.00 612589 646758 581278 577346 662927
GDP From Transport (HKD Million) 25743.00 36986 36492 26644 26464 37405
GDP From Utilities (HKD Million) 6920.00 10163 7752 7162 7114 7945

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 6.20 6 5.5 5.5 5.5 5
Unemployed Persons (Thousand ) 240.70 112 112 112 112 114
Labor Force Participation Rate (%) 59.40 61.2 61.2 61.2 61.2 61.1
Productivity (points) 106.50 98 98 103 103 103
Wages (HKD/Month) 16955.00 17900 18000 18000 18000 18500
Wages in Manufacturing (HKD/Month) 15484.00 15900 16100 16100 16100 16500
Minimum Wages (HKD/Hour) 37.50 37.5 37.5 40.5 40.5 40.5
Population (Million) 7.50 7.57 7.62 7.62 7.62 7.69
Youth Unemployment Rate (%) 9.90 6 4.9 4.9 4.9 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 2021
Inflation Rate (%) 0.70 1.9 2.5 2.1 3.5 2.5
Consumer Price Index CPI (points) 111.00 113 114 114 115 117
Producer Prices (points) 109.50 110 110 113 113 113
Inflation Rate Mom (%) -0.10 0.2 0.2 0.1 0.1 0.1
Food Inflation (%) 2.70 3.8 3.7 3.7 3.7 4.2
CPI Transportation (points) 107.50 110 110 110 111 113
Producer Prices Change (%) 1.30 2.2 2.8 2.8 2.8 2.8

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.45 0.78 0.78 0.78 0.78 0.78
Foreign Exchange Reserves (USD Million) 450000.00 450300 451854 453383 453383 457969

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (HKD Million) -33300.00 -5000 -59000 -6000 -39000 -82000
Current Account (HKD Million) -9028.00 -7000 -5000 12500 25100 32300
Current Account to GDP (%) 6.20 -3.9 -3.9 4.3 4.3 4.3
Imports (HKD Million) 338900.00 335000 355000 365000 380000 390000
Exports (HKD Million) 305600.00 330000 346000 359000 341000 368000
Capital Flows (HKD Million) 38249.00 -46000 -46000 -46000 -46000 -46820
Tourist Arrivals (Persons) 14606.00 3000000 3500000 5000000 5000000 6055400
Gold Reserves (Tonnes) 2.10 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 16071.27 14000 14000 16000 16000 16000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 38.40 40 40 40.5 40.5 40.5
Government Budget (% of GDP) -1.30 -5 -5 1.3 1.3 1.3
Government Budget Value (HKD Million) 112699.00 -54000 -40000 -40000 -40000 48648
Government Spending (HKD Million) 76948.00 74512 76449 85469 84891 78360
Fiscal Expenditure (HKD Million) 166701.00 180000 130000 130000 130000 104771

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 17.00 17 17 17 17 17

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -11.00 -280 -22 -10 2 6
Manufacturing PMI (points) 44.50 50 50 51 51.6 51.8
Industrial Production (%) -4.60 2 3.4 3.4 3.4 3.4
Car Registrations 2840.00 3000 3000 3000 3000 3150

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 75.00 82 95 95 103 99
Retail Sales YoY (%) -25.40 3.2 4.4 4.4 4.4 4.4
Consumer Spending (HKD Million) 423107.00 457287 495148 446053 443036 507527
Bank Lending Rate (%) 5.00 5 5 5 5 5
Retail Sales Mom (%) -0.90 1.8 0.7 0.7 0.7 2.7

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 175.82 190 195 190 190 200


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.