Hong Kong GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Hong Kong's GDP changed from approximately $28B 862M in 1980 to $406B 775M in 2024, showing an overall 1309.4% sharply increased during the period.
The lowest GDP was recorded in 1980 at $28B 862M, and the highest in 2024 at $406B 775M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.2%.
For comparison, the average annual growth rate of United States was 5.4%, and that of China was 9.8%.

Overview of Hong Kong's GDP (1980–2024)

The Gross Domestic Product (GDP) of Hong Kong recorded a 1309.4% sharply increased from 1980 to 2024.
The average GDP during this period was $188B 256M, and the median was $169B 381M.
GDP fluctuated within a range of $377B 913M, with a standard deviation of $114B 614M.
The average annual change was $8B 596M.


Hong Kong GDP from 1980 to 2024

The total market value of goods and services produced annually in Hong Kong.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $28B 862M
    • Highest GDP: 2024, $406B 775M
    • Most Recent GDP: 2024, $406B 775M

    Notable Annual GDP Changes

    • 2024: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Hong Kong's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $363B 75M → $344B 941M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $211B 583M → $214B 48M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $171B 643M → $169B 381M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $177B 349M → $168B 858M
    • Outcome: declined

    Key Economic Indicators of Hong Kong (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 28B 862M
    $ 5,703.96
    $ 7,130.99
    $ 36B 83M
    10.34 %
    -4.962 %
    33.87 %
    0 %
    5M 60K people
    1981
    $ 31B 55M
    $ 5,995.18
    $ 8,325.77
    $ 43B 128M
    9.193 %
    -2.492 %
    32.84 %
    0 %
    5M 180K people
    1982
    $ 32B 290M
    $ 6,139.01
    $ 8,957.09
    $ 47B 114M
    2.886 %
    -0.546 %
    30.82 %
    0 %
    5M 260K people
    1983
    $ 29B 907M
    $ 5,590.16
    $ 9,701.67
    $ 51B 904M
    6.015 %
    0.562 %
    27.61 %
    0 %
    5M 350K people
    1984
    $ 33B 511M
    $ 6,170.50
    $ 10,892.54
    $ 59B 156M
    10.002 %
    6.842 %
    31.64 %
    0 %
    5M 431K people
    1985
    $ 35B 700M
    $ 6,490.37
    $ 11,174.30
    $ 61B 463M
    0.715 %
    7.318 %
    30.67 %
    0 %
    5M 500K people
    1986
    $ 41B 76M
    $ 7,380.12
    $ 12,516.45
    $ 69B 663M
    11.104 %
    6.456 %
    32.51 %
    0 %
    5M 566K people
    1987
    $ 50B 623M
    $ 9,015.19
    $ 14,416.33
    $ 80B 952M
    13.396 %
    7.662 %
    36.45 %
    0 %
    5M 615K people
    1988
    $ 59B 708M
    $ 10,527.46
    $ 16,034.30
    $ 90B 940M
    8.512 %
    6.436 %
    37.23 %
    0 %
    5M 672K people
    1989
    $ 68B 790M
    $ 12,012.63
    $ 16,879.09
    $ 96B 658M
    2.277 %
    9.155 %
    37.93 %
    0 %
    5M 727K people
    1990
    $ 76B 929M
    $ 13,374.31
    $ 18,100.92
    $ 104B 116M
    3.831 %
    6.193 %
    35.64 %
    0 %
    5M 752K people
    1991
    $ 88B 960M
    $ 15,297.58
    $ 19,564.87
    $ 113B 776M
    5.702 %
    4.312 %
    33.65 %
    0 %
    5M 815K people
    1992
    $ 104B 272M
    $ 17,710.51
    $ 20,997.34
    $ 123B 624M
    6.235 %
    3.007 %
    33.27 %
    0 %
    5M 888K people
    1993
    $ 120B 354M
    $ 20,065.68
    $ 22,407.76
    $ 134B 401M
    6.201 %
    4.745 %
    35.22 %
    0 %
    5M 998K people
    1994
    $ 135B 812M
    $ 22,194.01
    $ 23,786.67
    $ 145B 558M
    6.036 %
    -0.825 %
    33.53 %
    0 %
    6M 119K people
    1995
    $ 144B 652M
    $ 23,070.54
    $ 24,264.25
    $ 152B 137M
    2.374 %
    -6.266 %
    31.36 %
    0 %
    6M 270K people
    1996
    $ 159B 718M
    $ 24,698.96
    $ 24,977.54
    $ 161B 520M
    4.259 %
    -2.505 %
    31.51 %
    0 %
    6M 467K people
    1997
    $ 177B 349M
    $ 27,214.60
    $ 26,498.71
    $ 172B 684M
    5.1 %
    -4.358 %
    29.45 %
    0 %
    6M 517K people
    1998
    $ 168B 858M
    $ 25,649.08
    $ 24,964.68
    $ 164B 352M
    -5.883 %
    1.485 %
    30.01 %
    0 %
    6M 583K people
    1999
    $ 165B 734M
    $ 24,969.01
    $ 25,740.66
    $ 170B 856M
    2.507 %
    6.426 %
    30.66 %
    0 %
    6M 638K people