Gross value added at basic prices … current US annual growth rate in Hong Kong
Hong Kong: Gross value added at basic prices … current US annual growth rate was 7.14 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Hong Kong, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Hong Kong recorded 7.14 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 2024.
Compared with earlier readings it is up 8.7% on the previous year and up 38.2% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Hong Kong peaked at 9.58 % change on previous year in 2010 and was at its lowest, -5.62 % change on previous year, in 2020.
Hong Kong ranks 123rd of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current US annual growth rate in Hong Kong, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | -1.11 % change on previous year | — |
| 2002 | -1.59 % change on previous year | +43.1% |
| 2003 | -1.66 % change on previous year | +4.5% |
| 2004 | 4.73 % change on previous year | -384.2% |
| 2005 | 7.36 % change on previous year | +55.5% |
| 2006 | 7.06 % change on previous year | -4.0% |
| 2007 | 8.47 % change on previous year | +19.9% |
| 2008 | 1.11 % change on previous year | -86.9% |
| 2009 | -1.92 % change on previous year | -272.7% |
| 2010 | 9.58 % change on previous year | -600.3% |
| 2011 | 9.22 % change on previous year | -3.8% |
| 2012 | 6.27 % change on previous year | -32.0% |
| 2013 | 4.23 % change on previous year | -32.5% |
| 2014 | 5.17 % change on previous year | +22.2% |
| 2015 | 5.45 % change on previous year | +5.4% |
| 2016 | 3.83 % change on previous year | -29.6% |
| 2017 | 5.09 % change on previous year | +32.8% |
| 2018 | 5.24 % change on previous year | +2.9% |
| 2019 | 1.53 % change on previous year | -70.9% |
| 2020 | -5.62 % change on previous year | -468.4% |
| 2021 | 7.01 % change on previous year | -224.7% |
| 2022 | -1.12 % change on previous year | -115.9% |
| 2023 | 6.57 % change on previous year | -687.5% |
| 2024 | 7.14 % change on previous year | +8.7% |
Hong Kong compared with similar countries
- Hong Kong's 7.14 % change on previous year is below the median for high income countries, which is 7.69 % change on previous year, 93% of the median. (77 countries reporting)
- Hong Kong's 7.14 % change on previous year is above the median for East Asia & Pacific, which is 5.5 % change on previous year, 1.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current US annual growth rate in Hong Kong changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +687.5% | -1.12 % change on previous year | 6.57 % change on previous year |
| 2010 | +600.3% | -1.92 % change on previous year | 9.58 % change on previous year |
| 2020 | -468.4% | 1.53 % change on previous year | -5.62 % change on previous year |
| 2004 | +384.2% | -1.66 % change on previous year | 4.73 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.49 % change on previous year | -1.92 % change on previous year | 8.47 % change on previous year | 9 |
| 2010s | 5.56 % change on previous year | 1.53 % change on previous year | 9.58 % change on previous year | 10 |
| 2020s | 2.8 % change on previous year | -5.62 % change on previous year | 7.14 % change on previous year | 5 |
Countries ranked near Hong Kong
- 120 Antigua and Barbuda 7.59 % change on previous year compare
- 121 Mongolia 7.52 % change on previous year compare
- 122 Switzerland 7.5 % change on previous year compare
- 124 Mauritania 7.13 % change on previous year compare
- 125 Seychelles 7 % change on previous year compare
- 126 Bermuda 6.98 % change on previous year compare
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) (current us$), annual growth in Hong Kong?
- Gross value added at basic prices (gva) (current us$), annual growth in Hong Kong was 7.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Hong Kong?
- The highest recorded value was 9.58 % change on previous year in 2010.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Hong Kong?
- The lowest recorded value was -5.62 % change on previous year in 2020.
- How does Hong Kong rank for gross value added at basic prices (gva) (current us$), annual growth?
- Hong Kong ranks 123rd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Hong Kong?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.