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Focus on Hong Kong - Introduction
The Vitality of Hong Kong People
A Sound Administration with High Degree of Autonomy and Freedom
The Rule of Law
A Prosperous Economy
A Gateway to China
Global and Regional Centre for Businesses and Finance
A City where East Meets West
A Prosperous Economy
The success of Hong Kong's economy has been the result of the personal and collective ambition of its people, whose resourcefulness and competitive spirit has enabled it to overcome challenges and continuously work to achieve ever greater accomplishments.
Globalization is both an important challenge to and an opportunity for the world economy, and Hong Kong people are able to tackle the challenges and flexible enough to adapt to the changes. Hong Kong's economy has shown dramatic growth in the last few years. In 2005, Hong Kong's GDP rose by 7.3% in real terms, after a strong 8.6% growth in 2004.
Over the past two decades, the Hong Kong economy has nearly tripled in size, with GDP growing at an average annual rate of 5.3% in real terms. This outpaces both the world economy's growth of 3.6% and the 2.8% growth of the Organisation for Economic Cooperation and Development economies by a large margin. Over the same period, Hong Kong's per capita GDP has doubled, with an average annual growth rate of 4% in real terms. In 2005, Hong Kong's per capita GDP reached US$25,600, the highest in Asia.
In 2005, the total value of visible trade reached $4,563 billion, which was 330% of GDP. This was considerably larger that the ratios of 167% in 1985 and 252% in 1995.
(For the most updated figures, please visit: http://www.censtatd.gov.hk)
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