Markets Actual Q4 Q1 Q2 Q3 2022
Currency 7.78 7.78 7.78 7.78 7.78 7.78
Stock Market (points) 26106.04 24485 23667 22876 22111 20659
Government Bond 10Y (%) 1.40 1.41 1.47 1.54 1.61 1.75

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.90 1 0.5 0.3 0.3 1
GDP Annual Growth Rate (%) 7.60 3.5 3 2.5 2 3.5
Unemployment Rate (%) 4.70 4.5 4.5 4.3 4 4
Inflation Rate (%) 1.60 2.5 1.8 1.5 1.5 1.5
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (HKD Million) -26298.00 -82000 -15000 -25000 -25000 -25000
Current Account (HKD Million) 68499.00 40000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.8 4.8 4.5
Government Debt to GDP (% of GDP) 38.40 45 43 43 43 43
Government Budget (% of GDP) -12.00 -6 0.1 0.1 0.1 0.1
Business Confidence (points) 6.00 6 6 8 8 8
Manufacturing PMI (points) 51.70 52 51 51 51 52
Consumer Confidence (points) 65.70 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -0.90 1 0.5 0.3 0.3 1
GDP Annual Growth Rate (%) 7.60 3.5 3 2.5 2 3.5
GDP (USD Billion) 346.59 320 365 365 365 365
GDP Constant Prices (HKD Million) 675187.00 755774 738754 718970 692067 764610
Gross National Product (HKD Million) 762504.00 787700 761628 744958 781567 788284
Gross Fixed Capital Formation (HKD Million) 127609.00 155420 134716 123541 130799 139431
GDP per capita (USD) 35587.56 37191 38523 38523 38523 38523
GDP per capita PPP (USD) 56154.00 58190 59770 59770 59770 59770
GDP From Agriculture (HKD Million) 573.00 472 519 544 587 537
GDP From Construction (HKD Million) 25704.00 32663 27365 28785 26347 28323
GDP From Manufacturing (HKD Million) 7392.00 7492 6798 6946 7577 7036
GDP From Public Administration (HKD Million) 138348.00 127498 131715 129867 141807 136325
GDP From Services (HKD Million) 600418.00 690041 654472 629310 615428 677378
GDP From Transport (HKD Million) 19358.00 43439 22825 25094 19842 23624
GDP From Utilities (HKD Million) 8327.00 8265 7196 6823 8535 7448

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 4.70 4.5 4.5 4.3 4 4
Unemployed Persons (Thousand ) 187.70 230 210 210 210 200
Labor Force Participation Rate (%) 59.50 60.5 61 61 61 61
Productivity (points) 107.40 103 110 110 110 110
Wages (HKD/Month) 17019.00 17500 17500 17500 17500 18500
Wages in Manufacturing (HKD/Month) 15688.00 16000 16500 16500 16500 16500
Minimum Wages (HKD/Hour) 37.50 40.5 40.5 40.5 40.5 40.5
Population (Million) 7.47 7.69 7.76 7.76 7.76 7.76
Youth Unemployment Rate (%) 8.70 9 8.5 8.5 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 Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 1.60 2.5 1.8 1.5 1.5 1.5
Consumer Price Index CPI (points) 101.50 102 103 103 103 104
Producer Prices (points) 114.90 123 114 114 118 117
Producer Prices Change (%) 2.70 3.8 2.6 2.6 2.6 2.8
CPI Transportation (points) 104.00 105 105 105 105 106
Food Inflation (%) 2.80 3.1 2.1 2.1 2.1 3
Inflation Rate Mom (%) 0.10 0.5 0.3 0.3 0.3 0.3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.15 0.15 0.15 0.15 0.15 0.15
Foreign Exchange Reserves (USD Million) 495000.00 549009 564882 564882 564882 612500

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (HKD Million) -26298.00 -82000 -15000 -25000 -25000 -25000
Current Account (HKD Million) 68499.00 40000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.8 4.8 4.5
Imports (HKD Million) 459968.00 405000 400000 400000 400000 400000
Exports (HKD Million) 433671.00 390000 375000 375000 375000 375000
Capital Flows (HKD Million) -97917.00 -40000 -40000 -40000 -40000 -40000
Tourist Arrivals (Persons) 10811.00 900000 1000000 1000000 1000000 2000000
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 16596.15 14000 16000 16000 16000 16000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 38.40 45 43 43 43 43
Government Budget (% of GDP) -12.00 -6 0.1 0.1 0.1 0.1
Government Budget Value (HKD Million) -47720.00 -55000 -120000 -120000 -120000 36500
Government Spending (HKD Million) 82854.00 72170 86148 95862 84925 89163
Fiscal Expenditure (HKD Million) 124907.00 130000 110000 110000 110000 110000

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 6.00 6 6 8 8 8
Manufacturing PMI (points) 51.70 52 51 51 51 52
Industrial Production (%) 5.60 4 3.1 3.1 3.1 3.4
Car Registrations 3557.00 3150 3150 3150 3150 3150

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 65.70 99 99 99 99 99
Retail Sales YoY (%) 10.60 5.5 8.5 5.5 5.5 4.5
Consumer Spending (HKD Million) 467229.00 515227 484434 463680 478910 501389
Bank Lending Rate (%) 5.00 5 5 5 5 5
Retail Sales Mom (%) 5.72 2.7 2.7 2.7 2.7 2.7

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 185.48 200 200 200 200 213


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.