Hong Kong SAR Economic information

Hong Kong Special Administrative Region (SAR) is a special administrative region of the People's Republic of China. Hong Kong is considered one of the most important financial centers in the world. Here is the economic information of Hong Kong SAR: - Gross domestic product (GDP): In 2019, the GDP of Hong Kong SAR was recorded as 366.1 billion US dollars. This means that the average GDP growth rate is 0.6 percent. - Employment: The number of employees in Hong Kong SAR in 2019 was approximately

3.8 million. The unemployment rate was recorded as

3.3 percent. - Foreign trade: Hong Kong SAR is known as an important foreign trade center around the world. In 2019, the total foreign trade volume of Hong Kong SAR exceeded

1.1 trillion US dollars. While the majority of exports consisted of electronic products, clothing, watches and jewellery, the majority of imports were electronic products, textiles and clothing items, precious metals and petroleum products. - Financial sector: Hong Kong SAR is one of the world's leading financial centres. There are many international banks and financial institutions in the region. Additionally, the Hong Kong Stock Exchange is one of the largest stock exchanges in Asia. - Tourism: Hong Kong SAR is a world-class tourist attraction. Popular attractions in the city include Victoria Harbour, Peak Tram, Lan Kwai Fong, Disneyland and Ocean Park. The tourism sector makes a significant contribution to the economy of the region. - Innovation and technology: Hong Kong SAR has focused on the innovation and technology sectors in recent years. There are many technology companies and entrepreneurs in the region. Hong Kong SAR is also advancing areas such as artificial intelligence, fintech and biotechnology. - Independence: Hong Kong SAR's economy differs from other Chinese cities thanks to its special administrative status and independent legal and economic system. The region's economy is supported by factors such as free trade, low tax rates, strong financial sector and effective governance structure.