Service imports (BoP, current US$), annual growth rate in Hong Kong
Hong Kong: Service imports (BoP, current US$), annual growth rate was 13.96 % change on previous year in 2024. ◆ Volatile
Service imports (BoP, current US$), annual growth rate in Hong Kong, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, service imports (bop, current us$), annual growth rate in Hong Kong stood at 13.96 % change on previous year.
The figure is down 44.0% on the previous year and up 951.4% over ten years.
Over the whole period, service imports (bop, current us$), annual growth rate in Hong Kong peaked at 24.92 % change on previous year in 2023 and was at its lowest, -32.12 % change on previous year, in 2020.
That places Hong Kong 48th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), annual growth rate in Hong Kong, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -2.74 % change on previous year | — |
| 2000 | 6.85 % change on previous year | -350.5% |
| 2001 | -1.08 % change on previous year | -115.8% |
| 2002 | 0.237 % change on previous year | -121.9% |
| 2003 | -1.65 % change on previous year | -794.4% |
| 2004 | 15.87 % change on previous year | -1064.5% |
| 2005 | 11.88 % change on previous year | -25.2% |
| 2006 | 13.25 % change on previous year | +11.5% |
| 2007 | 7.87 % change on previous year | -40.6% |
| 2008 | 5.66 % change on previous year | -28.1% |
| 2009 | -15.84 % change on previous year | -379.8% |
| 2010 | 15.2 % change on previous year | -196.0% |
| 2011 | 5.48 % change on previous year | -63.9% |
| 2012 | 3.18 % change on previous year | -42.1% |
| 2013 | -1.85 % change on previous year | -158.4% |
| 2014 | -1.64 % change on previous year | -11.6% |
| 2015 | 0.1736 % change on previous year | -110.6% |
| 2016 | 0.5204 % change on previous year | +199.8% |
| 2017 | 4.38 % change on previous year | +741.3% |
| 2018 | 5.02 % change on previous year | +14.7% |
| 2019 | -0.859 % change on previous year | -117.1% |
| 2020 | -32.12 % change on previous year | +3639.0% |
| 2021 | 12.38 % change on previous year | -138.5% |
| 2022 | 2.4 % change on previous year | -80.6% |
| 2023 | 24.92 % change on previous year | +937.4% |
| 2024 | 13.96 % change on previous year | -44.0% |
Hong Kong compared with similar countries
- Hong Kong's 13.96 % change on previous year is above the median for high income countries, which is 8.38 % change on previous year, 1.7× the median. (71 countries reporting)
- Hong Kong's 13.96 % change on previous year is above the median for East Asia & Pacific, which is 5.44 % change on previous year, 2.6× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service imports (BoP, current US$), annual growth rate in Hong Kong changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -3639.0% | -0.859 % change on previous year | -32.12 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.74 % change on previous year | -2.74 % change on previous year | -2.74 % change on previous year | 1 |
| 2000s | 4.31 % change on previous year | -15.84 % change on previous year | 15.87 % change on previous year | 10 |
| 2010s | 2.96 % change on previous year | -1.85 % change on previous year | 15.2 % change on previous year | 10 |
| 2020s | 4.31 % change on previous year | -32.12 % change on previous year | 24.92 % change on previous year | 5 |
Countries ranked near Hong Kong
- 45 Nicaragua 14.7 % change on previous year compare
- 46 Yemen 14.37 % change on previous year compare
- 47 Guatemala 14.32 % change on previous year compare
- 49 Spain 13.86 % change on previous year compare
- 50 Luxembourg 13.72 % change on previous year compare
- 51 Sweden 13.61 % change on previous year compare
More economy & growth data for Hong Kong
- Foreign direct investment, net outflows (BoP, current US$), 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 service imports (bop, current us$), annual growth rate in Hong Kong?
- Service imports (bop, current us$), annual growth rate in Hong Kong was 13.96 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), annual growth rate recorded in Hong Kong?
- The highest recorded value was 24.92 % change on previous year in 2023.
- What is the lowest service imports (bop, current us$), annual growth rate recorded in Hong Kong?
- The lowest recorded value was -32.12 % change on previous year in 2020.
- How does Hong Kong rank for service imports (bop, current us$), annual growth rate?
- Hong Kong ranks 48th out of 199 countries with data for 2024.
- Is service imports (bop, current us$), annual growth rate rising or falling in Hong Kong?
- Over the last ten years it is up 951.4%. 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 Service imports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
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 Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.