Theo đó tốc độ tăng trường GDP của Hồng Kông là -6.08% trong năm 2020, giảm 4.4 điểm so với mức giảm -1.68 % của năm 2019.. GDP của Hồng Kông năm 2021 dự kiến sẽ còn 332,72 tỷ USD nếu nền . GDP growth in 2019 4.5% to 5.5% 2% to 3% . During the observation period from 1982 to 2020, the average inflation rate was 4.2% per year. That year, the financing and . Percent, Annual, Not Seasonally Adjusted 1991 to 2019 (Jul 1) Central government debt, total (% of GDP) for Hong Kong SAR, China. GDP From Services in Hong Kong averaged 492204.53 HKD Million from 2000 until 2021, reaching an all time high of 674591 HKD Million in the fourth quarter of 2018 and a record low of 297685 HKD Million in the first quarter of 2000. Overview of 2019 Emission Inventory . version is the 1993 SNA, which was previously adopted by Hong Kong in the compilation of GDP statistics. 148. It is the largest employer of the maritime and port industry. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and . , decreasing by 35.6 per cent from 2019. This was primarily due to the economic contraction in Hong Kong that has been taking place since 2019. To gauge the latest business opinions regarding the opportunities and challenges in the region, KPMG China, HSBC and the Hong Kong General Chamber of Commerce commissioned a survey of 747 senior executives based in Hong Kong gdp per capita for 2020 was $46,324, a 4.2% decline from 2019. Hong Kong's gross domestic product had grown 180 times between 1961 and 1997. Phakawa Jeasakul. Email: RR-HKG@IMF.ORG. (2019) License : CC BY-4.0. (2018) Tourism Expenditure of Inbound Tourism. Line Bar Map. CUHK Releases Hong Kong Quality of Life Index 2019 . None. No claims are made regarding the accuracy of GDP - composition, by sector of origin - services(%) information contained here. Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China's economy is now 66.4% the size. China. version is the 1993 SNA, which was previously adopted by Hong Kong in the compilation of GDP statistics. * Govt expects fiscal reserves at HK$1,161.6 billion by end-March 2019 ECONOMY * 2018 GDP up . Resident Representative. License : CC BY-4.0. 4.5%. GDP is the single most commonly referenced figure to cover the entirety of a national economy and its trajectory in a single statistic. Dollars, Annual, Not Seasonally Adjusted 1961 to 2020 (Nov 2) Number of Bank . The GDP value of Hong Kong represents 0.31 percent of the world economy. Hong Kong gdp for 2019 was $363.02B, a 0.37% increase from 2018. . Balance of Payments Hong Kong recorded a BoP surplus of $25.8 billion (as a ratio of 3.9% to GDP) in the first quarter of 2020, as against a deficit of $10.3 billion (as a ratio of 1.4% to GDP) in the fourth quarter of 2019. Also, GDP can be used to compare the productivity levels between different countries. Percent of GDP, Annual, Not Seasonally Adjusted 2002 to 2009 (2016-04-18) Constant GDP per capita for Hong Kong SAR, China. • YoY growth of Shenzhen and Guangzhou were 7.6% and 6.2% respectively, higher than Hong Kong's 3%. Same region. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol . Figure 3 shows how much of Hong Kong's GDP is directly at stake if visitor arrivals between August and December 2019 drop by 10, 30, 50, or even 80 percent. 0%. MCQ 4) Which one can CORRECTLY describe the GDP of China in 2020: a) China is the world's 2nd largest economy based on the value of nominal GDP b) China is the world's 1st largest economy based on the value of PPP GDP c) China is ranking in the world's top 10 based on the value of per capital GDP d) China accounts for more than half of . Fax: 852 2878 7260. Hong Kong houses some of the biggest media players in the world and has a major film industry. NOTE: The information regarding GDP - composition, by sector of origin - agriculture (%) on this page is re-published from the CIA World Factbook 2019. The services sector constituted a share of 88.9per cent of total employment in . While sustained recovery in external demand, improving domestic job market and pent-up domestic demand are positive for Hong Kong's outlook, the rebound will still be limited by strict COVID-19 safety measures and international travel restrictions as its economy is . That year, the service sector in total accounted for approximately 93.4 percent of the GDP in Hong . World Bank national accounts data, and OECD National Accounts data files. Due She has lowered her GDP forecast for 2019 to a negative growth of 1.7 percent. Hong Kong gdp per capita for 2019 was $48,354, a 0.39% decline from 2018. The Government Economist, Mr Andrew Au, described the economic situation in the second quarter of 2019 and provided the latest GDP and price forecasts for 2019. Photographer . GDP From Services in Hong Kong decreased to 600418 HKD Million in the second quarter of 2021 from 611149 HKD Million in the first quarter of 2021. The 2008 SNA is intended for use by all economies in the world for the compilation of GDP statistics. In the IMD World Digital Competitiveness Ranking 2020 published by the IMD World Competitiveness Centre , Hong Kong ranked second in Asia and fifth in the world. Three-Runway System at Hong Kong International Airport Provision of Police facilities to support the Three-Runway System at Hong Kong International Airport Education 4.4 First 30­classroom primary school at Queen's Hill, Fanling GDP Deflator 1 Forecast on Hong Kong's real GDP growth in 2021 recently made by other selected parties (%) Asian Development Bank (December 2020) 5.1 IMF (October 2020) 3.7 Average forecast by private sector analysts# 4.4 Note : (#) Real GDP growth forecasts by private sector analysts fall between 3.0% and 7.1%. (2018) Tourism Industry Employment. As consumers become more aware of the risk stemming from the pandemic, global life premiums are estimated to grow 3.8 percent in 2021 and 4.0 percent in 2022. Hong Kong returned to the mainland in 1997 and would be granted autonomy until 2047. Trade in merchandise and commercial services 28 . - 5 - 2019 Gross Domestic Product Census and Statistics Department, Hong Kong Special Administrative Region NOTE: The information regarding GDP - composition, by sector of origin - services(%) on this page is re-published from the CIA World Factbook 2019. Inside the Greater Bay Area, the three cities reporting the greatest GDP are Hong Kong, Shenzhen, and Guangzhou, with each contributing more than US$300 billion in 2017. Dollars, Annual, Not Seasonally Adjusted 1961 to 2020 (Nov 2) Number of Bank . Daisy Wong, Communications Officer. Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP. GDP (current US$) GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The population of Hong Kong is approximately 7.5 million. The major languages spoken in the city are Chinese (mainly Cantonese) and English (BBC, 2018). [30] Its economy is slightly larger than Israel's or Ireland's [31] [32] [33] and its GDP per capita at purchasing power parity was the sixth highest globally in 2011. Resident Representative for Peoples Republic of China Hong Kong Special Administrative Region. As such, even though the pace of household debt growth moderated to 5.5% in 2020 (compared with 12.8% in 2019 . The Gross Domestic Product (GDP) in Hong Kong was worth 346.59 billion US dollars in 2020, according to official data from the World Bank. Hong Kong gdp per capita for 2018 was $48,543, a 5.15% increase from 2017. No claims are made regarding the accuracy of GDP - composition, by sector of origin - services(%) information contained here. Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Hong Kong economic outlook . The Hong Kong government adopted several temporary fiscal policy support measures in response to the crisis that it may discontinue if . The boost to the full-year GDP growth was estimated to be around 0.7 ppt. GDP Ranked by Country 2021. Same region. Hong Kong's gross domestic product (GDP) may grow 1.4 per cent in 2019, expand 2 per cent next year, and increase 2.3 per cent in 2021, Standard Chartered said Hong Kong: 92.3%: 2017: 6 Cayman Islands . . Total GDP: US$54.3 billion (2019) GDP Per Capita: US$79,977 (2019) U.S. Exports: US$572.2 million, 5.1 percent of Macau's imports (2019) Trading Partners: Mainland China, Hong Kong, Japan, EU, Switzerland, and United States. Composition of MSW Disposed of at Landfills in 2019 Food Waste 30% Paper24% Plastics21% Glass2% Metals2% Others20% An item that cost 100 Dollar in 1982 was so charged . The Hong Kong Monetary Authority (HKMA) announced today (Friday) that the official foreign currency reserve assets of Hong Kong amounted to US$432.8 billion as at the end of August 2019 (end-July 2019: US$448.4 billion) (Annex). Recent economic situation 2. This statistic shows the share of gross domestic product (GDP) in Hong Kong in 2019, by sector. October 31, 2019. Hong Kong's economy contracted for the first time in a decade in 2019 as violent anti-government protests and trade tariffs between Washington and Beijing took more steam out of the economy in the . Hong Kong is consistently a net exporter of services. Singapore. Housing prices, which rose for the first five months of 2019 amid expectations of monetary easing in the U.S, also declined by about 4 percent between May and September. The inflation rate for consumer prices in Hong Kong moved over the past 38 years between -4.0% and 11.2%. Figure 2 — Global ranking of Hong Kong's container port and airport, 2001-2019 . Economy - overview. These economic headwinds ShareThis. 2017. The following are highlights of Hong Kong's budget for the 2019/20 fiscal year starting in April. Highest values. Hong Kong gdp for 2020 was $346.59B, a 4.53% decline from 2019. HK$ 260 billion. Hong Kong GDP (Gross Domestic Product) was INT$420.13billion for 2020 in PPP terms. Including unsettled foreign exchange contracts, the foreign currency reserve assets of Hong Kong at the end of August .
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