The latest IMF data on the economic development of Hong Kong
IMF, the International Monetary Fund has has published the latest data on the economic development of Hong Kong 2010 – 2016, an information which TextileFuture wants to bring to your attention
Hong Kong SAR: Selected Economic and Financial Indicators, 2010–16 |
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Proj. |
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2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
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Real GDP (percent change) |
6.8 |
4.8 |
1.7 |
3.1 |
2.5 |
2.2 |
2.5 |
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Contribution |
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Domestic demand |
6.7 |
6.0 |
3.7 |
3.9 |
2.8 |
1.4 |
2.3 |
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Private consumption |
3.8 |
5.2 |
2.6 |
3.0 |
2.1 |
3.1 |
2.0 |
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Government consumption |
0.3 |
0.2 |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
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Gross fixed capital formation |
1.7 |
2.2 |
1.6 |
0.6 |
0.0 |
-0.9 |
-0.3 |
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Inventories |
0.9 |
-1.7 |
-0.8 |
0.0 |
0.5 |
-1.0 |
0.3 |
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Net exports |
0.2 |
-1.3 |
-2.0 |
-0.9 |
-0.3 |
0.8 |
0.2 |
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Inflation (percent change) |
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Consumer prices |
2.4 |
5.3 |
4.1 |
4.3 |
4.4 |
2.7 |
2.9 |
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GDP deflator |
0.3 |
3.9 |
3.5 |
1.9 |
2.9 |
3.7 |
2.3 |
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Employment (percent change) |
0.2 |
2.9 |
2.4 |
1.8 |
0.6 |
0.7 |
0.7 |
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Unemployment rate (percent, period average) |
4.3 |
3.4 |
3.3 |
3.4 |
3.3 |
3.2 |
3.1 |
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Real wages (percent change) |
-0.4 |
2.7 |
1.6 |
0.1 |
-2.4 |
… |
… |
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Government budget (percent of fiscal year GDP) |
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Revenue |
21.2 |
22.6 |
21.7 |
21.3 |
21.2 |
22.0 |
22.1 |
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Expenditure |
17.0 |
18.8 |
18.5 |
20.3 |
17.6 |
18.5 |
19.4 |
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Consolidated budget balance |
4.2 |
3.8 |
3.2 |
1.0 |
3.7 |
3.5 |
2.7 |
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Fiscal reserves as of March 31 |
33.5 |
34.6 |
36.0 |
35.3 |
36.7 |
38.3 |
39.2 |
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Money and credit (percent change, end-period) |
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Narrow money (M1) |
12.8 |
10.8 |
22.2 |
9.7 |
13.1 |
… |
… |
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Broad money (M3) |
8.0 |
12.9 |
11.0 |
12.4 |
9.6 |
… |
… |
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Loans for use in Hong Kong SAR (not including trade financing) |
20.9 |
12.5 |
7.0 |
10.6 |
13.5 |
… |
… |
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Interest rates (percent, end-period) |
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Best lending rate |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
… |
… |
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Three-month HIBOR |
0.3 |
0.5 |
0.3 |
0.3 |
0.3 |
… |
… |
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Asset prices |
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Hang Seng stock index (end of period, 1964=100) |
23,035 |
18,434 |
22,657 |
23,306 |
23,605 |
… |
… |
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Hang Seng stock index (percent change) |
5.3 |
-20.0 |
22.9 |
2.9 |
1.3 |
… |
… |
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Residential property prices (end of period, percent change) |
21.0 |
11.1 |
25.7 |
7.7 |
13.5 |
… |
… |
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Merchandise trade (percent change) |
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Export volume |
17.3 |
3.5 |
1.9 |
6.5 |
0.8 |
-2.6 |
0.2 |
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Domestic exports |
-0.1 |
-0.6 |
10.1 |
-1.6 |
2.3 |
-0.9 |
0.2 |
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Re-exports |
17.9 |
3.6 |
1.7 |
6.8 |
0.8 |
-2.7 |
0.2 |
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Import volume |
18.1 |
4.7 |
3.0 |
7.2 |
0.9 |
-3.4 |
-0.6 |
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Current account balance (percent of GDP) 1/ |
7.0 |
5.6 |
1.6 |
1.5 |
1.9 |
2.5 |
2.7 |
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Foreign exchange reserves 1/ |
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In billions of U.S. dollars, end-of-period |
257.1 |
269.9 |
300.5 |
311.1 |
328.5 |
… |
… |
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In months of retained imports |
27.5 |
24.6 |
26.5 |
26.3 |
26.3 |
… |
… |
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In percent of broad money (M3) |
27.9 |
26.0 |
26.0 |
23.9 |
23.1 |
… |
… |
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Exchange rate |
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Linked rate (fixed) |
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Market rate (HK$/US$1, period average) |
7.769 |
7.783 |
7.755 |
7.756 |
7.754 |
… |
… |
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Real effective rate (period average, 2010=100) |
100.0 |
96.6 |
98.7 |
102.2 |
105.7 |
… |
… |
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Sources: CEIC; and IMF staff estimates. |
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1/ Data published using the Balance of Payments Statistics Manual 6 (BPM6) format. |
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Source IMF January 2016