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%.
Hong Kong GDP from 1980 to 2024
The total market value of goods and services produced annually in Hong Kong.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 10.34 % | $ 28B 862M | $ 36B 83M | $ 5,703.96 | $ 7,130.99 | 33.87 % | 5M 60K people | -4.962 % | 0 % |
1981 | 9.193 % | $ 31B 55M | $ 43B 128M | $ 5,995.18 | $ 8,325.77 | 32.84 % | 5M 180K people | -2.492 % | 0 % |
1982 | 2.886 % | $ 32B 290M | $ 47B 114M | $ 6,139.01 | $ 8,957.09 | 30.82 % | 5M 260K people | -0.546 % | 0 % |
1983 | 6.015 % | $ 29B 907M | $ 51B 904M | $ 5,590.16 | $ 9,701.67 | 27.61 % | 5M 350K people | 0.562 % | 0 % |
1984 | 10.002 % | $ 33B 511M | $ 59B 156M | $ 6,170.50 | $ 10,892.54 | 31.64 % | 5M 431K people | 6.842 % | 0 % |
1985 | 0.715 % | $ 35B 700M | $ 61B 463M | $ 6,490.37 | $ 11,174.30 | 30.67 % | 5M 500K people | 7.318 % | 0 % |
1986 | 11.104 % | $ 41B 76M | $ 69B 663M | $ 7,380.12 | $ 12,516.45 | 32.51 % | 5M 566K people | 6.456 % | 0 % |
1987 | 13.396 % | $ 50B 623M | $ 80B 952M | $ 9,015.19 | $ 14,416.33 | 36.45 % | 5M 615K people | 7.662 % | 0 % |
1988 | 8.512 % | $ 59B 708M | $ 90B 940M | $ 10,527.46 | $ 16,034.30 | 37.23 % | 5M 672K people | 6.436 % | 0 % |
1989 | 2.277 % | $ 68B 790M | $ 96B 658M | $ 12,012.63 | $ 16,879.09 | 37.93 % | 5M 727K people | 9.155 % | 0 % |
1990 | 3.831 % | $ 76B 929M | $ 104B 116M | $ 13,374.31 | $ 18,100.92 | 35.64 % | 5M 752K people | 6.193 % | 0 % |
1991 | 5.702 % | $ 88B 960M | $ 113B 776M | $ 15,297.58 | $ 19,564.87 | 33.65 % | 5M 815K people | 4.312 % | 0 % |
1992 | 6.235 % | $ 104B 272M | $ 123B 624M | $ 17,710.51 | $ 20,997.34 | 33.27 % | 5M 888K people | 3.007 % | 0 % |
1993 | 6.201 % | $ 120B 354M | $ 134B 401M | $ 20,065.68 | $ 22,407.76 | 35.22 % | 5M 998K people | 4.745 % | 0 % |
1994 | 6.036 % | $ 135B 812M | $ 145B 558M | $ 22,194.01 | $ 23,786.67 | 33.53 % | 6M 119K people | -0.825 % | 0 % |
1995 | 2.374 % | $ 144B 652M | $ 152B 137M | $ 23,070.54 | $ 24,264.25 | 31.36 % | 6M 270K people | -6.266 % | 0 % |
1996 | 4.259 % | $ 159B 718M | $ 161B 520M | $ 24,698.96 | $ 24,977.54 | 31.51 % | 6M 467K people | -2.505 % | 0 % |
1997 | 5.1 % | $ 177B 349M | $ 172B 684M | $ 27,214.60 | $ 26,498.71 | 29.45 % | 6M 517K people | -4.358 % | 0 % |
1998 | -5.883 % | $ 168B 858M | $ 164B 352M | $ 25,649.08 | $ 24,964.68 | 30.01 % | 6M 583K people | 1.485 % | 0 % |
1999 | 2.507 % | $ 165B 734M | $ 170B 856M | $ 24,969.01 | $ 25,740.66 | 30.66 % | 6M 638K people | 6.426 % | 0 % |