ECONOMIC INFORMATION

 

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Population: 6.8m

 

Population growth: 0.43%

Population density (people per sq. km): 6300

UN Human Development Index ranking: 23/177

Gross national income (current US$): $173.3bn (2003)

Gross national income per capita: $25,430

PPP Gross national income: $212.2bn

PPP Gross national income per capita: $28,700

GDP growth: 10.5% (2003)

GDP breakdown Agriculture: 0.1%, Industry: -2.6%, Services: 87.5%

Inflation (12-month average): 4.6 (2002)

Gross capital formation as % of GDP: 1.6%

Final consumption expenditure as % of GDP (growth): 0.3% (2.9%)

Exports of goods & services as % of GDP: 12.7%

Top 3 export markets: China, US, Japan

Local industries: Textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks

WEF Growth Competitiveness ranking *: 21/104

WEF Business Competitiveness ranking **: 11/103

WEF Quality of the Business Environment ranking: 10/103

Transparency International Corruption Perceptions ranking: 16/145

Languages : Chinese (Cantonese) and English (official)

 

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FDI INFORMATION

 

Region: People’s Republic of China

No. of projects (Jan-Sep 2004): 182

Market-share of projects in the region: 6.7%

Value of projects relative to GDP : 11.4%

Top 3 destination sectors: IT & software, financial services, consumer products

Top 3 business functions: Retail, HQ, sales marketing & support

Top 3 source countries: US, UK, Japan

Top 3 investors: Walt Disney, Intel, Deutsche Post

 

 

IPA

 

Name: Invest Hong Kong

Web address: www.investhk.gov.hk

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations