Hong Kong

Strong fundamentals and effective fiscal support

BB2

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 September 2023.

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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 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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