Markets Actual Q1 Q2 Q3 Q4 2020
Currency 7.84 7.83 7.83 7.83 7.83 7.83
Stock Market (points) 27124.72 24718 24314 23914 23522 22758
Government Bond 10Y (%) 1.98 1.99 2.03 2.07 2.11 2.19
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.10 0.6 0.9 0.9 0.7 1
GDP Annual Growth Rate (%) 2.90 3 2.3 2.5 2.9 3.2
Unemployment Rate (%) 2.80 2.8 2.8 2.8 2.8 2.9
Inflation Rate (%) 2.60 2.5 2.6 2.4 2.5 2.8
Interest Rate (%) 2.75 2.75 3 3 3.25 3.75
Balance of Trade (HKD Million) -44964.00 -53357 -52590 -52173 -52258 -52287
Current Account to GDP (%) 4.20 3.7 3.7 3.7 3.7 3.1
Government Debt to GDP (%) 38.40 32 32 32 32 31
Government Budget (% of GDP) 2.20 1.5 1.5 1.5 1.5 1.5
Business Confidence (Index Points) -12.00 -3.36 -0.25 -0.84 1.8 1.14
Manufacturing PMI 48.00 50.2 51.4 48.2 50.2 51.8
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.10 0.6 0.9 0.9 0.7 1
GDP Annual Growth Rate (%) 2.90 3 2.3 2.5 2.9 3.2
GDP (USD Billion) 341.45 365 365 365 365 365
GDP Constant Prices (HKD Million) 676112.00 657781 641982 684563 695719 717982
Gross National Product (HKD Million) 719559.00 678886 697061 728553 740426 764120
Gross Fixed Capital Formation (HKD Million) 144597.00 133845 142627 146404 148790 153552
GDP per capita (USD) 37927.13 39066 39066 39066 39066 40120
GDP per capita PPP (USD) 56054.92 57406 57406 57406 57406 57760
GDP From Agriculture (HKD Million) 453.00 436 508 459 466 481
GDP From Construction (HKD Million) 30191.00 34379 31409 30946 31067 32061
GDP From Manufacturing (HKD Million) 7149.00 6407 6938 7238 7356 7592
GDP From Public Administration (HKD Million) 118975.00 113782 120999 121949 122425 126343
GDP From Services (HKD Million) 607441.00 580638 571835 615034 625057 645059
GDP From Transport (HKD Million) 38603.00 39235 36167 39086 39722 40994
GDP From Utilities (HKD Million) 9902.00 8055 9452 10026 10189 10515
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.80 2.8 2.8 2.8 2.8 2.9
Wages (HKD/Month) 16479.00 16350 16910 17010 16900 17300
Wages in Manufacturing (Index Points) 222.60 223 225 226 218 220
Minimum Wages (HKD/Hour) 34.50 37.5 37.5 37.5 37.5 37.5
Retirement Age Men 65.00 65 65 65 65 65
Retirement Age Women 65.00 65 65 65 65 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.60 2.5 2.6 2.4 2.5 2.8
Consumer Price Index CPI (Index Points) 107.90 109 110 110 111 114
Producer Prices (Index Points) 111.50 117 120 116 115 120
Producer Prices Change (%) 3.70 4.2 4.5 4 3.5 3.8
CPI Transportation (Index Points) 105.20 108 109 108 108 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.75 2.75 3 3 3.25 3.75
Interbank Rate (%) 1.83 2.15 2.4 2.4 2.65 2.65
Foreign Exchange Reserves (USD Million) 424600.00 440700 447000 450000 459900 470000
Deposit Interest Rate (%) 0.40 0.4 0.65 0.65 0.9 0.9
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (HKD Million) -44964.00 -53357 -52590 -52173 -52258 -52287
Current Account to GDP (%) 4.20 3.7 3.7 3.7 3.7 3.1
Terms of Trade (Index Points) 100.20 99.19 98.9 98.61 98.33 97.55
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 38.40 32 32 32 32 31
Government Budget (% of GDP) 2.20 1.5 1.5 1.5 1.5 1.5
Government Budget Value (HKD Million) -53728.00 38404 -35651 -45958 59592 53632
Government Spending (HKD Million) 66489.00 71145 65185 68151 68417 70607
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 16.50 16.5 16.5 16.5 16.5 16.5
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -12.00 -3.36 -0.25 -0.84 1.8 1.14
Manufacturing PMI 48.00 50.2 51.4 48.2 50.2 51.8
Industrial Production (%) 1.20 2.7 2.4 2.1 1.9 3.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales YoY (%) 1.20 4.3 6.4 8.6 5.2 4.4
Consumer Spending (HKD Million) 448217.00 455905 467730 453820 461215 475974
Bank Lending Rate (%) 5.13 5.13 5.38 5.38 5.63 5.63


This page has economic forecasts for Hong Kong including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Hong Kong economy.