Hongkong; a short list of facts: Economy etc
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 more than four times GDP.
Hong Kong's open economy has left it exposed to the global economic slowdown, but its increasing integration with China has helped it recover from the downturn more quickly than many observers anticipated.
Hong Kong over the past few years has become increasingly integrated with China through trade, tourism, and financial links, including in 2009 becoming the site of the first Chinese yuan trade settlement facility outside of China. The mainland has long been Hong Kong's largest trading partner, accounting for nearly half of Hong Kong's exports by value.
GDP (purchasing power parity):
$301.3 billion (2009 est.)
country comparison to the world: 39
$311 billion (2008 est.)
$303.7 billion (2007 est.)
note: data are in 2009 US dollars
Unemployment rate:
5.9% (2009 est.)
country comparison to the world: 54
3.5% (2008 est.)
GDP - per capita (PPP):
$42,700 (2009 est.)
country comparison to the world: 13
$44,300 (2008 est.)
$43,500 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 0%
industry: 7.6%
services: 92.3% (2009 est.)
Labor force:
3.67 million (2009 est.)
country comparison to the world: 91
Labor force - by occupation:
manufacturing 6.1%,
construction 1.9%,
wholesale and retail trade, restaurants, and hotels 42.9%,
financing, insurance, and real estate 21.4%,
transport and communications 7.9%,
community and social services 19.7%
note: above data exclude public sector (2008 est.)
Industries:
textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
Public debt:
18.1% of GDP (2009 est.)
country comparison to the world: 110
13.9% of GDP (2008 est.)
Exchange rates:
Hong Kong dollars (HKD) per US dollar - 7.8 (2009), 7.751 (2008), 7.802 (2007), 7.7678 (2006), 7.7773 (2005)
https://www.cia.gov/library/publications/the-world-factbook/geos/hk.html
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 more than four times GDP.
Hong Kong's open economy has left it exposed to the global economic slowdown, but its increasing integration with China has helped it recover from the downturn more quickly than many observers anticipated.
Hong Kong over the past few years has become increasingly integrated with China through trade, tourism, and financial links, including in 2009 becoming the site of the first Chinese yuan trade settlement facility outside of China. The mainland has long been Hong Kong's largest trading partner, accounting for nearly half of Hong Kong's exports by value.
GDP (purchasing power parity):
$301.3 billion (2009 est.)
country comparison to the world: 39
$311 billion (2008 est.)
$303.7 billion (2007 est.)
note: data are in 2009 US dollars
Unemployment rate:
5.9% (2009 est.)
country comparison to the world: 54
3.5% (2008 est.)
GDP - per capita (PPP):
$42,700 (2009 est.)
country comparison to the world: 13
$44,300 (2008 est.)
$43,500 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 0%
industry: 7.6%
services: 92.3% (2009 est.)
Labor force:
3.67 million (2009 est.)
country comparison to the world: 91
Labor force - by occupation:
manufacturing 6.1%,
construction 1.9%,
wholesale and retail trade, restaurants, and hotels 42.9%,
financing, insurance, and real estate 21.4%,
transport and communications 7.9%,
community and social services 19.7%
note: above data exclude public sector (2008 est.)
Industries:
textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
Public debt:
18.1% of GDP (2009 est.)
country comparison to the world: 110
13.9% of GDP (2008 est.)
Exchange rates:
Hong Kong dollars (HKD) per US dollar - 7.8 (2009), 7.751 (2008), 7.802 (2007), 7.7678 (2006), 7.7773 (2005)
https://www.cia.gov/library/publications/the-world-factbook/geos/hk.html
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