Gross value added at basic prices (GVA) (current LCU) in Hong Kong
Hong Kong: Gross value added at basic prices (GVA) (current LCU) was 3.11 trillion current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Hong Kong, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Hong Kong is 3.11 trillion current LCU, measured in 2024. That is the highest value across all 25 years on record.
That represents a change of up 6.8% on the previous year and up 41.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Hong Kong peaked at 3.11 trillion current LCU in 2024 and was at its lowest, 1.23 trillion current LCU, in 2003.
That places Hong Kong 75th out of 207 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices (GVA) (current LCU) in Hong Kong, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 1.28 trillion current LCU | — |
| 2001 | 1.27 trillion current LCU | -1.0% |
| 2002 | 1.25 trillion current LCU | -1.6% |
| 2003 | 1.23 trillion current LCU | -1.8% |
| 2004 | 1.29 trillion current LCU | +4.7% |
| 2005 | 1.38 trillion current LCU | +7.2% |
| 2006 | 1.47 trillion current LCU | +6.9% |
| 2007 | 1.61 trillion current LCU | +8.9% |
| 2008 | 1.62 trillion current LCU | +0.9% |
| 2009 | 1.58 trillion current LCU | -2.4% |
| 2010 | 1.74 trillion current LCU | +9.8% |
| 2011 | 1.90 trillion current LCU | +9.4% |
| 2012 | 2.01 trillion current LCU | +5.9% |
| 2013 | 2.10 trillion current LCU | +4.2% |
| 2014 | 2.21 trillion current LCU | +5.1% |
| 2015 | 2.33 trillion current LCU | +5.4% |
| 2016 | 2.42 trillion current LCU | +4.0% |
| 2017 | 2.55 trillion current LCU | +5.5% |
| 2018 | 2.70 trillion current LCU | +5.9% |
| 2019 | 2.74 trillion current LCU | +1.5% |
| 2020 | 2.56 trillion current LCU | -6.6% |
| 2021 | 2.75 trillion current LCU | +7.2% |
| 2022 | 2.74 trillion current LCU | -0.4% |
| 2023 | 2.91 trillion current LCU | +6.5% |
| 2024 | 3.11 trillion current LCU | +6.8% |
Hong Kong compared with similar countries
- Hong Kong's 3.11 trillion current LCU is above the median for high income countries, which is 266.17 billion current LCU, 11.7× the median. (77 countries reporting)
- Hong Kong's 3.11 trillion current LCU is above the median for East Asia & Pacific, which is 504.71 billion current LCU, 6.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.40 trillion current LCU | 1.23 trillion current LCU | 1.62 trillion current LCU | 10 |
| 2010s | 2.27 trillion current LCU | 1.74 trillion current LCU | 2.74 trillion current LCU | 10 |
| 2020s | 2.81 trillion current LCU | 2.56 trillion current LCU | 3.11 trillion current LCU | 5 |
Countries ranked near Hong Kong
More economy & growth data for Hong Kong
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in Hong Kong?
- Gross value added at basic prices (gva) in Hong Kong was 3.11 trillion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Hong Kong?
- The highest recorded value was 3.11 trillion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Hong Kong?
- The lowest recorded value was 1.23 trillion current LCU in 2003.
- How does Hong Kong rank for gross value added at basic prices (gva)?
- Hong Kong ranks 75th out of 207 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Hong Kong?
- Over the last ten years it is up 41.1%. The long-run trend across the full record is rising.
- Where does this Hong Kong data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.