Market Report - Hong Kong

Hong Kong

22.3964

114.1095

Background of Hong Kong

As one of the world's leading international financial centers, Hong Kong's service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure it is fully market-driven. There is no officially recognized central banking system, Hong Kong has had the highest degree of economic freedom in the world.

Population7,346,248

GDP per Capita (PPP)US$ 36173.30 (Dec 2015)

Total Exports516,588 (US $ million) - 2016

Total Import547,124 (US $ million) - 2016

CurrencyHong Kong Dollar