Hong Kong SWOT Analysis 麻豆原创 Research Report

Publication ID:

MRR0919002

Publication Date:

November 17, 2022

Pages:

Publisher:

麻豆原创 Research Reports, Inc

Countries:

Hong Kong [1]

USD 350.00

Business & Government [2]

Country SWOT Analysis [3]

Description:

Travel and tourism, transport, ICT, insurance and finance, electronics, machinery, automobiles, stone and textiles are major industries of Hong Kong.

In 2020, Services industry exports was valued at USD 66.9 billion for Hong Kong. Electronics export accounted for USD 32.5 billion, machinery for USD 19.3 billion, vehicles for USD 1.06 billion, chemicals for USD 6 billion, metals for USD 2.87 billion, minerals for USD 476 million, stone for USD 46.8 billion, textiles for USD 5.95 billion and agriculture for USD 6.62 billion in 2020.

Hong Kong is a Special Administrative Region (SAR) of the People's Republic of China. Its status is defined by the basic law (adopted in 1990 by the National People's Assembly of China), which serves as the "constitution" of the Territory, and which confers its scope to the "one country, two systems" principle. Hong Kong, officially and alternatively known by its initials H.K, is situated on China's south coast and enclosed by the Pearl River Delta and South China Sea.

Hong Kong is estimated to have population of 7.403 million in the year 2021 and expected to reach 7.595 million by 2027, growing at a CAGR of 0.43%.

Hong Kong鈥檚 real gross domestic product (GDP) was HKD 2,660.03 billion in 2020 and while recovering from the COVID-19 impact it increased by 6.03% to be around HKD 2,830.76 billion in 2021. It is further expected to increase by 2.76% and reach HKD 3,333.25 billion by 2027.

Hong Kong鈥檚 unemployment rate was 5.828% of total labor force in 2020. While recovering from COVID-19 pandemic the unemployment decreased by 12.60% and reached 5.176% in 2021. Unemployment is further estimated to decrease by a CAGR of 8.84% and reach 2.971% of total labor force in Hong Kong by 2027.

Hong Kong鈥檚 per capita GDP was estimated at USD 49,727.40 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 66,062.00 for the year 2021.

In 2021, Hong Kong government鈥檚 revenue was HKD 694.548 billion whereas the expenditure was HKD 699.401 billion. This resulted in Hong Kong government鈥檚 net lending / borrowing negative at HKD 4.852 billion in 2021 indicating that not enough financial resources were made available by the Hong Kong government to boost economic growth.

The current account balance for Hong Kong was estimated to be positive at USD 41.237 billion for the year 2021 and is expected to further decrease at a CAGR of 2.57% and reach USD 32.278 billion by 2027. This positive current account balance indicates that Hong Kong will remain a net lender to rest of the world till 2027.

Scope of Hong Kong 鈥� SWOT Analysis and Macroeconomic Trends Report

This report provides information about key macroeconomic indicators for Hong Kong.
This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Hong Kong.
This report provides information on Coronavirus (COVID-19) pandemic related policy response of Hong Kong.

Table Of Contents:

1. Executive Summary

Scope of Hong Kong 鈥� SWOT Analysis and Macroeconomic Trends Report

Research Methodology

2. Hong Kong - Country Overview

2.1 People Indicators

2.1.1 Population

2.1.2 Employment

2.1.3 Unemployment

2.2 National Accounts Indicators

2.2.1 Real Gross Domestic Product

2.2.2 Nominal Gross Domestic Product

2.2.3 Gross Domestic Product Deflator

2.2.4 Per Capita Gross Domestic Product

2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP

2.2.6 Total Investment / Gross Capital Formation

2.2.7 Gross National Savings

2.3 Monetary Indicators

2.3.1 Consumer Price Index (CPI) Inflation

2.4 Trade Indicators

2.4.1 Change in Import Volume of Goods & Services

2.4.2 Change in Export Volume of Goods & Services

2.5 Government Finance Indicators

2.5.1 Government Revenue

2.5.2 Government Expenditure

2.5.3 Government Net Lending / Borrowing

2.5.4 Government Gross Debt

2.6 Balance of Payment Indicators

2.6.1 Current Account Balance

3. SWOT Analysis of Hong Kong

3.1 Strengths

3.2 Weaknesses

3.3 Opportunities

3.4 Threats

4. COVID-19 Related Policy Response of Hong Kong

4.1 Coronavirus (COVID-19) Containment Measures of Hong Kong

4.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Hong Kong

4.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Hong Kong

4.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Hong Kong

List of Exhibits

Notes

List of Exhibits

Exhibit 2.1 Population of Hong Kong (in millions)

Exhibit 2.2 People Employment in Hong Kong (in millions)

Exhibit 2.3 Unemployment Level in Hong Kong (in %)

Exhibit 2.4 Real GDP of Hong Kong (in HKD billions)

Exhibit 2.5 Nominal GDP of Hong Kong (in HKD billions)

Exhibit 2.6 Nominal GDP of Hong Kong (in USD billions)

Exhibit 2.7 GDP Deflator Index for Hong Kong

Exhibit 2.8 Per Capita GDP of Hong Kong (in USD)

Exhibit 2.9 PPP Per Capita GDP of Hong Kong (in USD)

Exhibit 2.10 Total Investment of Hong Kong (in %)

Exhibit 2.11 Gross National Savings of Hong Kong (in %)

Exhibit 2.12 Consumer Price Index (CPI) Inflation of Hong Kong

Exhibit 2.13 Change in Import Volume of Goods & Services of Hong Kong (in %)

Exhibit 2.14 Change in Export Volume of Goods & Services of Hong Kong (in %)

Exhibit 2.15 Government Revenue of Hong Kong (in HKD billions)

Exhibit 2.16 Government Revenue of Hong Kong (in % of GDP)

Exhibit 2.17 Government Expenditure of Hong Kong (in HKD billions)

Exhibit 2.18 Government Expenditure of Hong Kong (in % of GDP)

Exhibit 2.19 Government Net Lending / Borrowing of Hong Kong (in HKD billions)

Exhibit 2.20 Government Net Lending / Borrowing of Hong Kong (in % of GDP)

Exhibit 2.21 Government Gross Debt of Hong Kong (in HKD billions)

Exhibit 2.22 Government Gross Debt of Hong Kong (in % of GDP)

Exhibit 2.23 Current Account Balance of Hong Kong (in USD billions)

Exhibit 2.24 Current Account Balance of Hong Kong (in % of GDP)

Exhibit 2.25 Hong Kong - Ease of Doing Business Ranking from 2008-2018

Exhibit 3.1 SWOT Analysis of Hong Kong

Exhibit 4.1 Covid-19 Policy Response for Supporting MSMEs by Hong Kong SAR

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