Services, value added (current LCU) in Hong Kong
Hong Kong: Services, value added (current LCU) was 2.91 trillion current LCU in 2024. ▲ Rising
Services, value added in Hong Kong, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Hong Kong recorded 2.91 trillion current LCU for services, value added in 2024. That is the highest value across all 25 years on record.
That represents a change of up 6.9% on the previous year and up 42.5% over ten years.
Over the whole period, services, value added in Hong Kong peaked at 2.91 trillion current LCU in 2024 and was at its lowest, 1.10 trillion current LCU, in 2003.
Hong Kong ranks 71st of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added (current LCU) in Hong Kong, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 1.12 trillion current LCU | — |
| 2001 | 1.12 trillion current LCU | -0.1% |
| 2002 | 1.11 trillion current LCU | -0.7% |
| 2003 | 1.10 trillion current LCU | -0.8% |
| 2004 | 1.16 trillion current LCU | +5.6% |
| 2005 | 1.26 trillion current LCU | +8.1% |
| 2006 | 1.35 trillion current LCU | +7.5% |
| 2007 | 1.49 trillion current LCU | +10.2% |
| 2008 | 1.50 trillion current LCU | +0.6% |
| 2009 | 1.47 trillion current LCU | -2.2% |
| 2010 | 1.61 trillion current LCU | +10.1% |
| 2011 | 1.77 trillion current LCU | +9.6% |
| 2012 | 1.87 trillion current LCU | +5.8% |
| 2013 | 1.95 trillion current LCU | +4.0% |
| 2014 | 2.04 trillion current LCU | +5.0% |
| 2015 | 2.15 trillion current LCU | +5.4% |
| 2016 | 2.23 trillion current LCU | +3.5% |
| 2017 | 2.36 trillion current LCU | +5.7% |
| 2018 | 2.51 trillion current LCU | +6.7% |
| 2019 | 2.56 trillion current LCU | +1.8% |
| 2020 | 2.39 trillion current LCU | -6.6% |
| 2021 | 2.57 trillion current LCU | +7.5% |
| 2022 | 2.56 trillion current LCU | -0.5% |
| 2023 | 2.73 trillion current LCU | +6.6% |
| 2024 | 2.91 trillion current LCU | +6.9% |
Hong Kong compared with similar countries
- Hong Kong's 2.91 trillion current LCU is above the median for high income countries, which is 204.15 billion current LCU, 14.3× the median. (77 countries reporting)
- Hong Kong's 2.91 trillion current LCU is above the median for East Asia & Pacific, which is 565.23 billion current LCU, 5.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.27 trillion current LCU | 1.10 trillion current LCU | 1.50 trillion current LCU | 10 |
| 2010s | 2.11 trillion current LCU | 1.61 trillion current LCU | 2.56 trillion current LCU | 10 |
| 2020s | 2.63 trillion current LCU | 2.39 trillion current LCU | 2.91 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 services, value added in Hong Kong?
- Services, value added in Hong Kong was 2.91 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Hong Kong?
- The highest recorded value was 2.91 trillion current LCU in 2024.
- What is the lowest services, value added recorded in Hong Kong?
- The lowest recorded value was 1.10 trillion current LCU in 2003.
- How does Hong Kong rank for services, value added?
- Hong Kong ranks 71st out of 206 countries with data for 2024.
- Is services, value added rising or falling in Hong Kong?
- Over the last ten years it is up 42.5%. 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 Services, value added (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
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.