Markets Actual Q2 Q3 Q4 Q1 2023
Currency 7.85 7.86 7.86 7.87 7.88 7.89
Stock Market (points) 22174.30 20726 19780 18876 18014 16405
Government Bond 10Y (%) 3.08 3.21 3.34 3.48 3.62 3.92

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -3.00 0.3 0.3 0.3 0.3 1
GDP Annual Growth Rate (%) -4.00 2.5 2 3.5 3.5 2.3
Unemployment Rate (%) 5.10 4.7 4.2 4 3.9 3.9
Inflation Rate (%) 1.20 2.5 2.1 2.1 1.6 1.1
Interest Rate (%) 2.00 2 2.5 3 3.5 3.75
Balance of Trade (HKD Million) -36582.00 -25000 -25000 -25000 -25000 -32000
Current Account (HKD Million) 78508.00 30000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.5 4.5 4.5
Government Debt to GDP (% of GDP) 38.40 43 43 43 43 43
Government Budget (% of GDP) -12.00 0.1 0.1 0.1 0.1 0.5
Business Confidence (points) -8.00 -11 8 8 8 8
Manufacturing PMI (points) 54.90 51 51 51 51 52
Consumer Confidence (points) 70.60 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 Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -3.00 0.3 0.3 0.3 0.3 1
GDP Annual Growth Rate (%) -4.00 2.5 2 3.5 3.5 2.3
GDP (USD Billion) 346.59 365 365 365 365 365
GDP Constant Prices (HKD Million) 672617.00 692586 732249 771523 696159 789268
Gross National Product (HKD Million) 692415.00 782701 808211 811311 716650 829971
Gross Fixed Capital Formation (HKD Million) 107840.00 130929 133225 133621 111614 136694
GDP per capita (USD) 41644.32 38523 38523 38523 38523 38523
GDP per capita PPP (USD) 56154.00 59770 59770 59770 59770 59770
GDP From Agriculture (HKD Million) 609.00 587 514 490 630 501
GDP From Construction (HKD Million) 28573.00 26347 24777 27055 29573 27677
GDP From Manufacturing (HKD Million) 6152.00 7577 7825 7619 6367 7794
GDP From Public Administration (HKD Million) 126813.00 141807 143696 142776 131251 146060
GDP From Services (HKD Million) 594316.00 615428 653956 697913 615117 713965
GDP From Transport (HKD Million) 25494.00 19842 24133 25563 26386 26151
GDP From Utilities (HKD Million) 7922.00 8535 9252 6938 8199 7097

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 5.10 4.7 4.2 4 3.9 3.9
Unemployed Persons (Thousand ) 191.40 210 210 200 200 200
Labor Force Participation Rate (%) 58.10 61 61 61 61 61
Productivity (points) 107.40 110 110 110 110 110
Wages (HKD/Month) 17216.00 17500 17500 17500 17500 18500
Wages in Manufacturing (HKD/Month) 15761.00 16500 16500 16500 16500 16500
Minimum Wages (HKD/Hour) 37.50 40.5 40.5 40.5 40.5 40.5
Population (Million) 7.47 7.76 7.76 7.76 7.76 7.76
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 7.70 8.5 8.5 8 8 6

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 1.20 2.5 2.1 2.1 1.6 1.1
Consumer Price Index CPI (points) 102.90 104 101 104 105 105
Producer Prices (points) 114.10 118 114 115 117 118
Inflation Rate Mom (%) -0.20 0.1 0.1 0.1 0.1 0.1
Producer Prices Change (%) 2.30 2.6 2.6 2.6 2.6 2.8
Food Inflation (%) 4.00 2.1 2.1 3 3 3
CPI Transportation (points) 104.20 104 104 105 105 105

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 2.00 2 2.5 3 3.5 3.75
Interbank Rate (%) 1.68 1.68 2.18 2.68 3.18 3.18
Foreign Exchange Reserves (USD Million) 465000.00 564882 564882 612500 612500 676503

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (HKD Million) -36582.00 -25000 -25000 -25000 -25000 -32000
Current Account (HKD Million) 78508.00 30000 30000 30000 30000 30000
Current Account to GDP (% of GDP) 6.60 4.8 4.8 4.5 4.5 4.5
Imports (HKD Million) 425585.00 400000 400000 400000 400000 400000
Exports (HKD Million) 389003.00 375000 375000 375000 375000 368000
Capital Flows (HKD Million) -49515.00 -40000 -40000 -40000 -40000 -40000
Tourist Arrivals 4692.00 1000000 1000000 2000000 2000000 2000000
Gold Reserves (Tonnes) 2.08 2.1 2.1 2.1 2.1 2.1
Foreign Direct Investment (HKD Billion) 16836.60 16000 16000 16000 16000 17000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 38.40 43 43 43 43 43
Government Budget (% of GDP) -12.00 0.1 0.1 0.1 0.1 0.5
Government Budget Value (HKD Million) 2033.00 -120000 -120000 36500 36500 36500
Government Spending (HKD Million) 100575.00 85064 89211 89108 104095 91158
Fiscal Expenditure (HKD Million) 179019.00 110000 110000 110000 110000 110000

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) -8.00 -11 8 8 8 8
Manufacturing PMI (points) 54.90 51 51 51 51 52
Industrial Production (%) -1.20 3.1 3.1 3.1 3.1 3.4
Car Registrations 1929.00 3150 3150 3150 3150 3150

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 70.60 99 99 99 99 99
Retail Sales YoY (%) 8.10 5.5 5.5 4.5 4.5 4.5
Consumer Spending (HKD Million) 425929.00 480989 466166 510377 440837 522116
Bank Lending Rate (%) 5.00 5 5.5 6 6.5 6.5
Retail Sales Mom (%) -6.80 2.7 2.7 2.7 2.7 2.7

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 178.34 200 200 213 213 213


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Hong Kong Forecast - was last updated on Monday, June 27, 2022.