Hong Kong is located to the east of the Pearl River estuary on the south coast of China. Its prime position in the fast-growing region of East Asia gives it economic and strategic importance despite its small size. The territory consists of Hong Kong Island, the Kowloon Peninsula, and the New Territories, which also include about 260 outlying islands.
100%
Urban population (2023)
0%
Rural population (2023)
46%
Male (2023)
54%
Female (2023)
26%
Baby boomer (2023)
25%
Gen X (2023)
22%
Gen Y (2023)
13%
Gen Z (2023)
57.3%
Participation rate (2023)
97.1%
Employment rate (2023)
45%
Private sector workforce at SMEs (2024)
US$ 56.5
Labor productivity per hour worked (2023)
US$ 2534
Median monthly wage (2023)
10.5%
Average turnover rate (2022)
0.2%
Employment in Agriculture (2022)
14%
Employment in Industry (2022)
85.8%
Employment in Services (2022)
Economic profile
The
-largest economy in the world
US$ 376.97B
GDP (2023)
US$ 50,030
GDP per capita (2023)
US$ 1.45B
Digital technologies revenue (2023)
US$ 224.2M
ICT sector income (2022)
98%
Percentage of SMEs (2024)
US$ 9.7B
Private funding for startups (2022)
One of the freest economy in the world
Inward direct investment
Hong Kong's inward direct investment attracted nearly US$ 110 billion by 2022
Export turnovers
Hong Kong's export turnovers reached US$ 534.7 billion by 2023
Number of startups
There were a total of 4257 startups in Hong Kong in 2023
US$ 110B
Inward direct investment (2022)
Top sectors
Investment and holding, real estate, professional and business services
58.8%
Banking
11.8%
Import/export, wholesale and retail trades
11%
Insurance
8.4%
Transportation, storage, postal and courier services
7.4%
Top countries
The mainland of China
36.8%
British Virgin Islands
22.1%
United Kingdom
9.5%
Cayman Islands
7.4%
Bermuda
6.5%
US$ 534.7B
Export turnovers (2023)
Top exports
Electrical machinery, apparatus and appliances, and electrical parts
47.5%
Telecommunications and reproducing equipment
12.6%
Office machines and automatic data processing machines
9.8%
Miscellaneous manufactured articles
5.8%
Non-metallic mineral manufactures
3.9%
4257
Number of startups (2023)
Top sectors
Fintech
14.1%
Ecommerce/Supply chain management/LogTech
13.7%
ICT
8.9%
Education & learning
8.8%
Data analytics
7.9%
Design
6.6%
Doing business in Hong Kong
Opportunities & challenges
Opportunities
• HKD pegged to USD
• Healthy banking system
• High-quality infrastructure
• Open economy, top-class global financial centre
• Increasing regional integration
Looking to expand in Hong Kong?
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