Gross value added at basic prices (GVA) in Hong Kong
Hong Kong: Gross value added at basic prices (GVA) was 398.80 billion current US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Hong Kong, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Hong Kong recorded 398.80 billion current US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 25 years on record.
That represents a change of up 7.1% on the previous year and up 40.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Hong Kong peaked at 398.80 billion current US$ in 2024 and was at its lowest, 157.58 billion current US$, in 2003.
Hong Kong ranks 37th of 207 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices (GVA) in Hong Kong, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 164.68 billion current US$ | — |
| 2001 | 162.84 billion current US$ | -1.1% |
| 2002 | 160.25 billion current US$ | -1.6% |
| 2003 | 157.58 billion current US$ | -1.7% |
| 2004 | 165.04 billion current US$ | +4.7% |
| 2005 | 177.18 billion current US$ | +7.4% |
| 2006 | 189.70 billion current US$ | +7.1% |
| 2007 | 205.76 billion current US$ | +8.5% |
| 2008 | 208.04 billion current US$ | +1.1% |
| 2009 | 204.06 billion current US$ | -1.9% |
| 2010 | 223.61 billion current US$ | +9.6% |
| 2011 | 244.22 billion current US$ | +9.2% |
| 2012 | 259.53 billion current US$ | +6.3% |
| 2013 | 270.51 billion current US$ | +4.2% |
| 2014 | 284.49 billion current US$ | +5.2% |
| 2015 | 299.99 billion current US$ | +5.4% |
| 2016 | 311.49 billion current US$ | +3.8% |
| 2017 | 327.35 billion current US$ | +5.1% |
| 2018 | 344.51 billion current US$ | +5.2% |
| 2019 | 349.76 billion current US$ | +1.5% |
| 2020 | 330.10 billion current US$ | -5.6% |
| 2021 | 353.24 billion current US$ | +7.0% |
| 2022 | 349.29 billion current US$ | -1.1% |
| 2023 | 372.23 billion current US$ | +6.6% |
| 2024 | 398.80 billion current US$ | +7.1% |
Hong Kong compared with similar countries
- Hong Kong's 398.80 billion current US$ is above the median for high income countries, which is 110.20 billion current US$, 3.6× the median. (77 countries reporting)
- Hong Kong's 398.80 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 17.4× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 179.51 billion current US$ | 157.58 billion current US$ | 208.04 billion current US$ | 10 |
| 2010s | 291.55 billion current US$ | 223.61 billion current US$ | 349.76 billion current US$ | 10 |
| 2020s | 360.73 billion current US$ | 330.10 billion current US$ | 398.80 billion current US$ | 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 398.80 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Hong Kong?
- The highest recorded value was 398.80 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Hong Kong?
- The lowest recorded value was 157.58 billion current US$ in 2003.
- How does Hong Kong rank for gross value added at basic prices (gva)?
- Hong Kong ranks 37th 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 40.2%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.