A focus on Hong Kong’s economy and trade
According to a report of Hong Kong Trade Development Corporation Research, Hong Kong’s economy expanded by 3.0 % (1.5 %) in real terms in the first three quarters of 2013, the same figure is estimated for all of 2013
Local consumption demand and tourist spending remained fairly resilient. The value of retail sales, in nominal terms increased 11.6 % in the first 11 months of 2013 as against the same period of 2012.
The latest unemployment rate was 3.2 % for the three months period ending December 2013. Consumer prices increased 4.3 % in 2013, the upside risks to inflation are contained in the near term.
Hong Kong’s merchandise exports 2013 expanded by 3.6 %. Demand conditions in the advanced economies on the whole were still sluggish and exports across many Asian economies remained subdued.
Details can be had from the following tables.
Major Economic Indicators (Table 1)
Merchandise Trade Performance (Table 2)
Service Trade Performance (Table 3)