Hong Kong Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Hong Kong including its PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
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 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 expected to have a population of 7.432 million in the year 2023 and is expected to reach 7.595 million by 2027, growing at a CAGR of 0.54%.
Hong Kong’s 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’s unemployment rate was 5.828% of the total labor force in 2020. While recovering from the COVID-19 pandemic 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 the total labor force in Hong Kong by 2027.
Hong Kong’s per capita GDP was USD 49,849.841 whereas purchasing power parity (PPP) based per capita GDP was USD 70,448.012 for the year 2022.
In 2022, Hong Kong's government’s revenue was HKD 714.679 billion whereas the expenditure was HKD 808.301 billion. This resulted in the Hong Kong government’s net lending/borrowing being negative at HKD 93.621 billion in 2022 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 positive at USD 40.381 billion for the year 2022 and is expected to decrease at a CAGR of 2.67% and reach a positive USD 35.278 billion by 2027. This positive current account balance indicates that Hong Kong will remain a net lender to the rest of the world till 2027.
Scope of Hong Kong Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report:
- This report provides information about key macroeconomic indicators for Hong Kong.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis of Hong Kong.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Hong Kong.
- This report provides a risk analysis for Hong Kong.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response in Hong Kong.
Table of Contents
1. Executive Summary
- Scope of Hong Kong Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of Hong Kong
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment/Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending/Borrowing
2.2.4.4 Government Gross Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Employment
2.3.3 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of Hong Kong
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of Hong Kong
5. COVID-19 Related Policy Response of Hong Kong
5.1 Coronavirus (COVID-19) Containment Measures of Hong Kong
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Hong Kong
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Hong Kong
5.4 Coronavirus (COVID-19) Related Employment Policy Measures by Hong Kong
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.2 Nominal GDP of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.3 Nominal GDP of Hong Kong (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Hong Kong 2020-2027
Exhibit 2.5 Per Capita GDP of Hong Kong (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Hong Kong (in USD) 2020-2027
Exhibit 2.7 Total Investment of Hong Kong (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Hong Kong (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Hong Kong 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Hong Kong (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Hong Kong (in %) 2020-2027
Exhibit 2.12 Government Revenue of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.13 Government Revenue of Hong Kong (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.15 Government Expenditure of Hong Kong (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending/Borrowing of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.17 Government Net Lending/Borrowing of Hong Kong (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Hong Kong (in HKD billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Hong Kong (in % of GDP) 2020-2027
Exhibit 2.20 Current Account Balance of Hong Kong (in USD billion) 2020-2027
Exhibit 2.21 Current Account Balance of Hong Kong (in % of GDP) 2020-2027
Exhibit 2.22 Hong Kong - Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.23 Hong Kong - Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.24 Population of Hong Kong (in million) 2020-2027
Exhibit 2.25 People Employment in Hong Kong (in millions) 2020-2023
Exhibit 2.26 Unemployment Level in Hong Kong (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Hong Kong
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Hong Kong
Samples
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