Hong Kong | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 7.75 7.75 7.75 7.75 7.75 7.75 [+]
Government Bond 10Y 1.81 1.55 1.49 1.54 1.59 1.59 [+]
Stock Market 26397.09 26698 26831 26663 26787 26786 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 274.01 280 281 284 287 311 [+]
GDP Growth Rate 0.40 0.9 0.94 1.04 1.01 0.96 [+]
GDP Annual Growth Rate 2.10 2.72 3.07 3.29 3.35 3.03 [+]
GDP Constant Prices 541265.00 530198 529004 529337 529244 529264 [+]
Gross National Product 549169.00 579765 602626 581691 586702 654197 [+]
GDP per capita 33534.28 34139 34338 34419 34500 37152 [+]
Gross Fixed Capital Formation 123178.00 129110 140427 128743 134282 131888 [+]
GDP per capita PPP 51508.86 52087 52252 52455 52658 55446 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 3.20 3.18 3.15 3.15 3.15 3.15 [+]
Employed Persons 3780.10 3780 3777 3777 3777 3777 [+]
Unemployed Persons 127.70 129 128 127 128 128 [+]
Job Vacancies 78069.00 74158 71554 72944 76170 75197 [+]
Productivity 153.00 154 155 155 155 155 [+]
Labor Force Participation Rate 61.20 61.47 61.4 61.19 61.32 61.32 [+]
Wages 14354.00 14467 14586 14603 14582 14516 [+]
Wages in Manufacturing 193.30 195 197 197 198 198 [+]
Labour Costs 131.80 128 135 135 135 136 [+]
Population 7.23 7.25 7.25 7.25 7.25 7.33 [+]
Minimum Wages 32.50 33.14 33.44 33.6 33.63 30.02 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 3.00 2.68 2.53 2.44 2.39 2.35 [+]
Consumer Price Index CPI 122.90 124 125 126 127 137 [+]
GDP Deflator 105.70 108 107 109 108 114 [+]
Producer Prices 106.80 108 108 108 108 108 [+]
Export Prices 101.70 101 98.84 97.65 96.53 89.64 [+]
Import Prices 100.90 98.27 96.91 95.9 95.13 92.75 [+]
Food Inflation 3.70 3.54 3.49 3.51 3.5 3.5 [+]
Inflation Rate Mom 0.16 0.37 0.37 0.37 0.37 0.37 [+]
Producer Prices Change -0.56 -0.11 0.28 0.57 0.77 1.03 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.50 0.63 0.47 0.4 0.46 0.46 [+]
Interbank Rate 0.38 0.42 0.03 0.02 0.23 0.23 [+]
Money Supply M0 339861.00 352013 357580 363414 369168 468750 [+]
Money Supply M1 1847287.00 1839257 1426356 1714735 1479251 1555632 [+]
Money Supply M2 11421675.00 11804538 12045465 12284706 12522347 16649706 [+]
Money Supply M3 11483257.00 11803872 12042641 12277779 12511778 16563448 [+]
Foreign Exchange Reserves 344800.00 352524 354981 355850 356045 369322 [+]
Loans to Private Sector 7401106.00 7486246 7505667 7505872 7497139 9239525 [+]
Banks Balance Sheet 19068531.00 19578777 19898576 20216862 20531229 25448084 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -40110.00 -39551 -44110 -46867 -41137 -41143 [+]
Exports 291830.00 293079 290629 289739 288225 297659 [+]
Imports 331940.00 331594 330135 329604 328654 335606 [+]
Current Account 380.00 14134 16895 8261 8570 7143 [+]
Current Account to GDP 1.90 0.61 0.75 0.95 1.14 1.37 [+]
Terms of Trade 100.70 101 101 102 102 101 [+]
Capital Flows -27600.00 -28764 -40550 -27279 -29145 -27361 [+]
Tourist Arrivals 1942546.00 1822109 2070086 1937650 1959919 1959934 [+]
Gold Reserves 2.08 2.08 2.08 2.08 2.08 2.08 [+]
External Debt 9973068.00 10012686 10025698 10035592 10043115 10066815 [+]
Foreign Direct Investment 10482.90 8332 7522 8233 8944 9931 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget 2.80 1.67 1.84 1.28 0.73 1.16 [+]
Government Debt to GDP 32.00 32.09 31.66 31.58 31.5 31.62 [+]
Government Budget Value 39533.00 58274 39061 37727 57480 19046 [+]
Government Spending 55306.00 53299 55567 59166 55404 70408 [+]
Credit Rating 95.39 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 1.00 -3.02 -9.26 -15.89 -5.26 -4.84 [+]
Manufacturing PMI 47.60 48.82 47.84 48.59 48.26 48.41 [+]
Industrial Production -1.50 -1.82 0.34 0.33 0.65 -0.34 [+]
Changes in Inventories -2559.00 143 1867 1946 1822 2545 [+]
Bankruptcies 15618.00 11371 11319 11081 10844 12301 [+]
Car Registrations 2831.00 2877 2810 2757 2713 3062 [+]
Competitiveness Index 5.45 5.36 5.36 5.36 5.36 5.32 [+]
Competitiveness Rank 7.00 9.65 9.65 9.65 9.65 11 [+]
Corruption Index 74.00 73.91 73.18 73.23 73.28 75.8 [+]
Corruption Rank 17.00 18 18 18 18 16.63 [+]
Ease of Doing Business 3.00 2.75 3 3 3 3 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 106.00 104 102 104 103 104 [+]
Retail Sales YoY 4.60 4.75 5.82 2.67 5.31 5.4 [+]
Consumer Spending 367485.00 367524 385117 367563 385078 384735 [+]
Personal Savings 0.01 -0.08 -0.03 -0.17 -0.04 -0.04 [+]
Bank Lending Rate 5.00 5.18 5.29 5.37 5.47 4.96 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 137.47 139 139 142 141 141 [+]
Home Ownership Rate 51.00 50.88 50.88 50.87 50.87 51.26 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 16.50 16.57 16.57 16.57 16.57 16.61 [+]
Personal Income Tax Rate 15.00 15.09 15.09 15.11 15.12 15 [+]



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. 7/2/2015