Hong Kong | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 7.75 7.91 7.98 8.06 8.14 10 [+]
Stock Market 24411.42 24488 25642 22500 26693 40081 [+]
Government Bond 10Y 1.80 2 2.1 2.2 2.5 3 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 290.90 297 301 300 298 325 [+]
GDP Growth Rate 0.40 0.89 0.94 1.03 1 0.96 [+]
GDP Annual Growth Rate 2.10 1.65 2.74 2.28 2.8 2.99 [+]
GDP Constant Prices 541265.00 530198 529004 529337 529244 529264 [+]
Gross National Product 549169.00 579765 602626 581691 586702 654197 [+]
GDP per capita 34222.29 34457 34480 34631 34781 36841 [+]
Gross Fixed Capital Formation 123178.00 128766 140932 126574 127777 131888 [+]
GDP per capita PPP 52551.60 53072 53145 53419 53692 58067 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 3.20 3.21 3.19 3.19 3.19 3.19 [+]
Employed Persons 3791.60 3799 3798 3798 3799 3798 [+]
Unemployed Persons 129.90 135 134 133 133 133 [+]
Job Vacancies 78069.00 74158 71554 72944 76170 75197 [+]
Productivity 153.00 154 154 155 155 180 [+]
Labor Force Participation Rate 61.40 61.46 61.4 61.18 61.32 61.32 [+]
Wages 14511.00 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 7.24 7.24 7.24 7.25 7.23 [+]
Minimum Wages 32.50 32.5 32.5 33.59 33.63 41.2 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 3.10 3.91 4.2 3.44 3.38 2.43 [+]
Consumer Price Index CPI 123.60 124 125 126 127 137 [+]
GDP Deflator 105.70 108 107 109 108 114 [+]
Producer Prices 106.80 108 108 108 108 108 [+]
Export Prices 102.80 103 103 103 103 103 [+]
Import Prices 101.90 101 102 101 102 101 [+]
Food Inflation 4.20 3.54 3.49 3.5 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 0.5 0.5 0.5 0.5 3.75 [+]
Interbank Rate 0.39 0.52 0.67 0.81 0.94 0.32 [+]
Money Supply M0 337973.00 347003 351573 357060 362286 452576 [+]
Money Supply M1 1916950.00 1793331 1816556 1812549 1812713 1813174 [+]
Money Supply M2 11436346.00 11668621 11906739 12127840 12349226 16182143 [+]
Money Supply M3 11469048.00 11701884 11940242 12161546 12383128 16213233 [+]
Foreign Exchange Reserves 340800.00 343920 343758 343368 342962 360750 [+]
Loans to Private Sector 7675917.00 7719036 7819400 7885733 7922593 10085656 [+]
Banks Balance Sheet 19446680.00 19791787 20147450 20495232 20837122 26240361 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -45783.00 -39551 -44109 -46867 -41137 -41143 [+]
Exports 299518.00 293079 290629 289739 288225 297659 [+]
Imports 345302.00 331594 330135 329604 328654 335606 [+]
Current Account 380.00 14134 16895 8261 8570 7143 [+]
Current Account to GDP 1.90 0.6 0.75 0.94 1.14 1.36 [+]
Terms of Trade 100.90 101 101 102 102 101 [+]
Capital Flows -27600.00 -28764 -40550 -27279 -29145 -27361 [+]
Tourist Arrivals 1885384.00 1799104 2048922 1917250 1939425 1939453 [+]
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 31.65 31.57 31.49 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 [+]
Government Revenues 127041.00 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 5.00 1 5.66 1.64 11.64 8.72 [+]
Manufacturing PMI 49.20 49.52 48.66 49.34 48.83 49.07 [+]
Industrial Production -1.50 -1.81 0.33 0.32 0.65 -0.33 [+]
Changes in Inventories -2559.00 143 1867 1946 1822 2545 [+]
Bankruptcies 11630.00 11140 11093 10858 10625 11959 [+]
Car Registrations 4247.00 3319 3259 3123 3047 3563 [+]
Competitiveness Index 5.45 5.42 5.42 5.39 5.38 5.32 [+]
Competitiveness Rank 7.00 7.19 7.19 7.75 7.93 11 [+]
Corruption Index 74.00 73.9 73.17 73.22 73.28 75.79 [+]
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 4.40 4.75 5.81 2.66 5.31 5.4 [+]
Consumer Spending 367485.00 367524 385117 367563 385078 384735 [+]
Personal Savings 0.01 -0.17 -0.09 -0.23 -0.1 -0.1 [+]
Bank Lending Rate 5.00 5.12 5.25 5.34 5.43 4.89 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 138.50 139 139 142 141 141 [+]
Home Ownership Rate 51.00 50.83 50.76 50.7 50.63 49.13 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 16.50 16.52 16.52 16.52 16.52 16.61 [+]
Personal Income Tax Rate 15.00 15.08 15.08 15.1 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. 8/3/2015