[ Nominal GDP in billions of USD ]
Year -
$406.86 billions
Hong Kong SAR GDP expanded from 1960 to 2024, increasing from $1.32 billion to $406.86 billion.The compound annual growth rate (CAGR) averaged 9.37% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 9%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 406.86 Billions | $ 565.78 Int Billions |
| Growth (YoY) | 6.776% | 4.984% |
| Net Change vs Previous Year | $ 25.82 Billion | $ 26.86 Int Billion |
| % of World GDP | 0.37% | 0.28% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 1.32 | - | - | - | - | - |
| 1961 | 1.38 | 0.06 | 4.761 % | - | - | - |
| 1962 | 1.61 | 0.23 | 16.526 % | - | - | - |
| 1963 | 1.94 | 0.32 | 20.03 % | - | - | - |
| 1964 | 2.21 | 0.27 | 14.012 % | - | - | - |
| 1965 | 2.44 | 0.23 | 10.361 % | - | - | - |
| 1966 | 2.49 | 0.05 | 2.249 % | - | - | - |
| 1967 | 2.69 | 0.2 | 8.138 % | - | - | - |
| 1968 | 2.72 | 0.02 | 0.91 % | - | - | - |
| 1969 | 3.19 | 0.47 | 17.401 % | - | - | - |
| 1970 | 3.8 | 0.61 | 19.156 % | - | - | - |
| 1971 | 4.48 | 0.68 | 17.766 % | - | - | - |
| 1972 | 5.71 | 1.23 | 27.571 % | - | - | - |
| 1973 | 8.03 | 2.32 | 40.63 % | - | - | - |
| 1974 | 9.39 | 1.36 | 16.919 % | - | - | - |
| 1975 | 10.05 | 0.66 | 7.023 % | - | - | - |
| 1976 | 12.88 | 2.83 | 28.147 % | - | - | - |
| 1977 | 15.72 | 2.84 | 22.08 % | - | - | - |
| 1978 | 18.32 | 2.6 | 16.513 % | - | - | - |
| 1979 | 22.53 | 4.21 | 22.992 % | - | - | - |
| 1980 | 28.86 | 6.34 | 28.126 % | - | - | - |
| 1981 | 31.06 | 2.19 | 7.6 % | - | - | - |
| 1982 | 32.29 | 1.24 | 3.98 % | - | - | - |
| 1983 | 29.91 | -2.38 | -7.383 % | - | - | - |
| 1984 | 33.51 | 3.6 | 12.051 % | - | - | - |
| 1985 | 35.7 | 2.19 | 6.53 % | - | - | - |
| 1986 | 41.08 | 5.38 | 15.058 % | - | - | - |
| 1987 | 50.62 | 9.55 | 23.244 % | - | - | - |
| 1988 | 59.71 | 9.08 | 17.945 % | - | - | - |
| 1989 | 68.79 | 9.08 | 15.212 % | - | - | - |
| 1990 | 76.93 | 8.14 | 11.831 % | 104.12 | - | - |
| 1991 | 88.96 | 12.03 | 15.639 % | 113.78 | 9.66 | 9.276 % |
| 1992 | 104.27 | 15.31 | 17.213 % | 123.62 | 9.85 | 8.657 % |
| 1993 | 120.35 | 16.08 | 15.422 % | 134.4 | 10.78 | 8.718 % |
| 1994 | 135.81 | 15.46 | 12.844 % | 145.56 | 11.16 | 8.3 % |
| 1995 | 144.65 | 8.84 | 6.509 % | 152.14 | 6.58 | 4.521 % |
| 1996 | 159.72 | 15.07 | 10.415 % | 161.52 | 9.38 | 6.167 % |
| 1997 | 177.35 | 17.64 | 11.041 % | 172.68 | 11.17 | 6.912 % |
| 1998 | 168.89 | -8.47 | -4.775 % | 164.35 | -8.33 | -4.825 % |
| 1999 | 165.77 | -3.12 | -1.846 % | 170.86 | 6.5 | 3.957 % |
| 2000 | 171.67 | 5.9 | 3.56 % | 188.12 | 17.26 | 10.102 % |
| 2001 | 169.4 | -2.27 | -1.319 % | 193.43 | 5.32 | 2.825 % |
| 2002 | 166.35 | -3.06 | -1.803 % | 199.69 | 6.26 | 3.236 % |
| 2003 | 161.39 | -4.96 | -2.983 % | 209.86 | 10.17 | 5.091 % |
| 2004 | 169.1 | 7.71 | 4.78 % | 234.25 | 24.39 | 11.624 % |
| 2005 | 181.57 | 12.47 | 7.374 % | 259.44 | 25.19 | 10.755 % |
| 2006 | 193.54 | 11.97 | 6.59 % | 286.25 | 26.81 | 10.333 % |
| 2007 | 211.6 | 18.06 | 9.333 % | 313.02 | 26.76 | 9.349 % |
| 2008 | 219.28 | 7.68 | 3.63 % | 325.84 | 12.82 | 4.096 % |
| 2009 | 214.05 | -5.23 | -2.386 % | 319.78 | -6.05 | -1.857 % |
| 2010 | 228.64 | 14.59 | 6.817 % | 345.57 | 25.79 | 8.065 % |
| 2011 | 248.51 | 19.88 | 8.693 % | 369.69 | 24.11 | 6.977 % |
| 2012 | 262.63 | 14.12 | 5.68 % | 372.88 | 3.19 | 0.863 % |
| 2013 | 275.7 | 13.07 | 4.976 % | 384.2 | 11.32 | 3.036 % |
| 2014 | 291.46 | 15.76 | 5.718 % | 394.12 | 9.92 | 2.582 % |
| 2015 | 309.39 | 17.93 | 6.15 % | 408.63 | 14.51 | 3.682 % |
| 2016 | 320.86 | 11.47 | 3.709 % | 416.44 | 7.81 | 1.911 % |
| 2017 | 341.27 | 20.41 | 6.362 % | 438.13 | 21.69 | 5.209 % |
| 2018 | 361.73 | 20.46 | 5.995 % | 453.87 | 15.74 | 3.592 % |
| 2019 | 363.08 | 1.34 | 0.372 % | 459.64 | 5.78 | 1.273 % |
| 2020 | 344.94 | -18.13 | -4.994 % | 435.3 | -24.34 | -5.296 % |
| 2021 | 368.95 | 24.01 | 6.961 % | 488.41 | 53.11 | 12.201 % |
| 2022 | 358.68 | -10.27 | -2.785 % | 503.96 | 15.55 | 3.183 % |
| 2023 | 381.04 | 22.36 | 6.235 % | 538.92 | 34.97 | 6.938 % |
| 2024 | 406.86 | 25.82 | 6.776 % | 565.78 | 26.86 | 4.984 % |
Between 1960 to 2024, Hong Kong SAR experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 40.63%, while the largest decline was in 1983 at -7.383%.