Save Hong Kong Real GDP
Hong Kong's economy transformed since the mid-80s from manufacture-based and export-oriented to services-based and transit trade-oriented. Services account for 90% of its GDP, among which financial services and trade services stand out, making Hong Kong an important international commercial hub. Tourism supports Hong Kong's domestic demand and service exports.
The trade and tourism-centered economy is thus vulnerable to economic crisis, for example, Asian Financial Crisis in 1997, Net Bubble in 2000, SARS breakout in 2003, and the Financial Crisis in 2008. US-China trade war in 2019 also took its toll.
HK Real GDP (NSA, L)2022 Q1672,617.00 m
HK Real GDP (NSA, YoY, R)2022 Q1-4.00 %