ICT service exports in Hong Kong
Hong Kong: ICT service exports was 4.1% in 2023. ▲ Rising
ICT service exports in Hong Kong, 1998–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Hong Kong recorded 4.1% for ict service exports in 2023.
That represents a change of down 14.0% on the previous year and up 63.7% over ten years.
Over the whole period, ict service exports in Hong Kong peaked at 5.0% in 2020 and was at its lowest, 1.1%, in 2000.
That places Hong Kong 107th out of 189 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
ICT service exports in Hong Kong, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1998 | 3.4% | — |
| 1999 | 1.9% | -45.1% |
| 2000 | 1.1% | -38.2% |
| 2001 | 1.9% | +63.8% |
| 2002 | 2.5% | +30.8% |
| 2003 | 2.6% | +8.0% |
| 2004 | 2.3% | -12.5% |
| 2005 | 2.0% | -13.5% |
| 2006 | 1.7% | -15.3% |
| 2007 | 1.3% | -23.8% |
| 2008 | 1.8% | +36.8% |
| 2009 | 2.0% | +11.8% |
| 2010 | 2.3% | +15.0% |
| 2011 | 2.4% | +5.6% |
| 2012 | 2.4% | +1.6% |
| 2013 | 2.5% | +3.2% |
| 2014 | 2.6% | +4.8% |
| 2015 | 2.7% | +3.2% |
| 2016 | 2.9% | +6.3% |
| 2017 | 2.7% | -6.0% |
| 2018 | 2.6% | -4.1% |
| 2019 | 3.0% | +16.2% |
| 2020 | 5.0% | +63.4% |
| 2021 | 4.8% | -4.1% |
| 2022 | 4.8% | +0.7% |
| 2023 | 4.1% | -14.0% |
Hong Kong compared with similar countries
- Hong Kong's 4.1% is below the median for high income countries, which is 7.6%, 54% of the median. (68 countries reporting)
- Hong Kong's 4.1% is above the median for East Asia & Pacific, which is 3.5%, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.6% | 1.9% | 3.4% | 2 |
| 2000s | 1.9% | 1.1% | 2.6% | 10 |
| 2010s | 2.6% | 2.3% | 3.0% | 10 |
| 2020s | 4.7% | 4.1% | 5.0% | 4 |
Countries ranked near Hong Kong
- 104 Turkey 4.6% compare
- 105 East Timor 4.4% compare
- 106 Faroe Islands 4.4% compare
- 108 Mauritius 4.1% compare
- 109 Micronesia (country) 4.0% compare
- 110 Andorra 3.9% 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 ict service exports in Hong Kong?
- Ict service exports in Hong Kong was 4.1% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Hong Kong?
- The highest recorded value was 5.0% in 2020.
- What is the lowest ict service exports recorded in Hong Kong?
- The lowest recorded value was 1.1% in 2000.
- How does Hong Kong rank for ict service exports?
- Hong Kong ranks 107th out of 189 countries with data for 2023.
- Is ict service exports rising or falling in Hong Kong?
- Over the last ten years it is up 63.7%. The long-run trend across the full record is rising.
- Where does this Hong Kong data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).