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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
