Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Key economic indicators of Hong Kong - statistics & facts
Hong Kong is an important global financial center and hub for trade with mainland China. The economy is dominated by the service sector, which contributed nearly 94 percent to the GDP in 2023. The city faces growing competition from the mainland, but closer cooperation with neighboring cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) also provides new growth opportunities. After three difficult years during the coronavirus pandemic, economic prospects have improved significantly in 2023 and 2024.
