Covid-19 casting a long shadow on the economy

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MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in February 2022.

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GDP USD368.13bn (World ranking 38, World Bank 2021)
Population Population: 7.41mn (World ranking 102, World Bank 2021)
Form of state Special Administrative Region of the People’s Republic of China
Head of government Head of government: John Lee Ka-chiu (Chief Executive)
Next elections 2025, legislative election
  • Gateway to mainland China, close ties with the Chinese market (competitive advantage for trade, finance and services)
  • Strong external liquidity and public debt position
  • Sound banking system and proven monetary policy framework
  • Very strong business environment
  • Long-term competition from Mainland China cities
  • Sensitive to political developments in Mainland China and U.S.-China relations.
  • As a small, very open and financially integrated economy, Hong Kong is highly sensitive to global economic and financial shocks
  • Exposed to local property sector price fluctuations

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
China 59.9%
1
44.3% China
United States 6.0%
2
9.9% Taiwan
China, Taiwan Province of 2.8%
3
7.6% Singapore
Japan 2.3%
4
5.2% Japan
Japan 2.3%
5
5.2% Japan

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 44.1%
1
42.7% Electrical machinery, apparatus and appliances, n.e.s.
Office machines and automatic data processing machines 16.8%
2
13.2% Office machines and automatic data processing machines
Telecommunication and sound recording apparatus 8.4%
3
8.7% Telecommunication and sound recording apparatus
Gold, non-monetary (excluding gold ores and concentrates) 4.9%
4
4.7% Miscellaneous manufactured articles, n.e.s.
Miscellaneous manufactured articles, n.e.s. 4.0%
5
4.3% Gold, non-monetary (excluding gold ores and concentrates)
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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