ECONOMIC INFORMATION
Population - 6.8m
Population growth - 0.75%
GDP (current US$) - $161.53bn (2002)
GDP per capita - $23,849
GDP per capita on a purchasing price parity basis - $24,646
GDP growth - 2.26% (2002)
Industrial production growth - -9.7%
Inflation (12-month average) - -3.0% (2002)
Exports of goods and services as % of GDP - 152.4%
Top 3 export markets - China, US, Japan
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Dollar (0.4%)
WEF Growth Competitiveness ranking * - 24/102
WEF Business Competitiveness ranking ** - 19/95
Local industries - Textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
Languages - Chinese (Cantonese) and English (official)
GOVERNANCE
World Bank Governance Matters III ***
Political stability - 1.03
Government effectiveness - 1.44
Regulatory quality - 1.5
Rule of law - 1.3
Control of corruption - 1.52
Economic Freedom ranking - 1/165
UN Human Development Index ranking - 26/175
FDI INFORMATION
Region - Peoples Republic of China
No.of projects (Jan-Sep 2003) - 124
Market-share of projects in the region - 7.5%
Value of projects relative to GNP - 71.3%
Top 3 destination sectors - IT & Software, Financial Services, Consumer Products
Top 3 source countries - USA, UK, Germany
Top 3 investors - Hotels.com, Walt Disney, Microsoft
IPA
Name - Invest Hong Kong
Web address - www.investhk.gov.hk
Telephone +852 3107 1000
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance
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