Strong fundamentals safeguard the Fragrant Harbor
BB1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD359.8bn (World ranking 43, World Bank 2022) |
Population | 7.3mn (World ranking 103, World Bank 2022) |
Form of state | Special Administrative Region of the People’s Republic of China |
Head of government | John Lee (Chief Executive) |
Next elections | 2025, legislative |
Strengths & Weaknesses
![](/en_global/economic-research/country-reports/Hong-Kong/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1718711333301/plus.png)
- Well-developed and resilient financial system
- Solid business environment
- Strong public and external finances
- Robust services sector
- Disciplined fiscal and monetary policies
![](/en_global/economic-research/country-reports/Hong-Kong/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1716971631893/minus.png)
- Vulnerable to external shocks
- Concentrated geographic and sectorial trade structure
- Sensitive to political developments in mainland China and US-China rivalry
- Wide income disparity
Economic Overview
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
China
59.9%
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1 |
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United States
6.0%
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2 |
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China, Taiwan Province of
2.8%
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3 |
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Japan
2.3%
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4 |
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Japan
2.3%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
44.1%
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1 |
42.7%
Electrical machinery, apparatus and appliances, n.e.s.
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Office machines and automatic data processing machines
16.8%
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2 |
13.2%
Office machines and automatic data processing machines
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Telecommunication and sound recording apparatus
8.4%
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3 |
8.7%
Telecommunication and sound recording apparatus
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Gold, non-monetary (excluding gold ores and concentrates)
4.9%
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4 |
4.7%
Miscellaneous manufactured articles, n.e.s.
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Miscellaneous manufactured articles, n.e.s.
4.0%
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5 |
4.3%
Gold, non-monetary (excluding gold ores and concentrates)
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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