Cantonese, English, Putonghua, other Chinese dialects 2.8, other 2, persons under 5 or mute 3.2
Economic Overview
Key economic indicators for Hong Kong
GDP:
$485.834 billion
GDP per Capita:
$64,500
GDP Growth:
3.28%
Inflation:
2.1%
Unemployment:
3.93%
Public Debt:
0.1% of GDP
Credit Rating:
AA+ (2017)
Political System
Governance structure of Hong Kong
Government Type:
presidential limited democracy; a special administrative region of the People's Republic of China
Head of State:
President of China XI Jinping (since 14 March 2013)
Head of Government:
Chief Executive John LEE Ka-chiu (since 1 July 2022)
Judiciary:
Court of Final Appeal (consists of the chief justice, 3 permanent judges, and 20 non-permanent judges); note - a sitting bench consists of the chief justice, 3 permanent judges, and 1 non-permanent judge
Administrative Divisions:
none (special administrative region of the People's Republic of China)
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
Not specified
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
0% (2023 est.)
Industry
6.3% (2023 est.)
Services
91.5% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$673.189 billion
Imports:
$670.434 billion
Major Trading Partners
China 22
Vietnam 12
S. Korea 8
Netherlands 5
Switzerland 4
Economic Outlook
Hong Kong has a 3.28% GDP growth rate with 2.1% inflation. The economy is characterized by a strong agriculture sector.