Services, value added (% of GDP) in Hong Kong
Hong Kong: Services, value added (% of GDP) was 91.5% in 2024. ▲ Rising
Services, value added in Hong Kong, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Hong Kong is 91.5%, measured in 2024.
That represents a change of up 1.1% over ten years.
Over the whole period, services, value added in Hong Kong peaked at 91.9% in 2012 and was at its lowest, 83.8%, in 2000.
Hong Kong ranks 3rd of 206 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added (% of GDP) in Hong Kong, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 83.8% | — |
| 2001 | 84.7% | +1.1% |
| 2002 | 85.6% | +1.1% |
| 2003 | 87.7% | +2.5% |
| 2004 | 88.4% | +0.7% |
| 2005 | 89.1% | +0.8% |
| 2006 | 90.0% | +1.0% |
| 2007 | 90.3% | +0.4% |
| 2008 | 87.8% | -2.7% |
| 2009 | 88.4% | +0.7% |
| 2010 | 90.9% | +2.8% |
| 2011 | 91.5% | +0.7% |
| 2012 | 91.9% | +0.5% |
| 2013 | 91.1% | -0.9% |
| 2014 | 90.5% | -0.7% |
| 2015 | 89.8% | -0.7% |
| 2016 | 89.5% | -0.3% |
| 2017 | 88.6% | -1.0% |
| 2018 | 88.7% | +0.1% |
| 2019 | 90.0% | +1.5% |
| 2020 | 89.4% | -0.6% |
| 2021 | 89.7% | +0.3% |
| 2022 | 91.1% | +1.6% |
| 2023 | 91.4% | +0.4% |
| 2024 | 91.5% | +0.0% |
Hong Kong compared with similar countries
- Hong Kong's 91.5% is above the median for high income countries, which is 66.2%, 1.4× the median. (77 countries reporting)
- Hong Kong's 91.5% is above the median for East Asia & Pacific, which is 60.2%, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 87.6% | 83.8% | 90.3% | 10 |
| 2010s | 90.3% | 88.6% | 91.9% | 10 |
| 2020s | 90.6% | 89.4% | 91.5% | 5 |
Countries ranked near Hong Kong
- 1 Isle of Man 95.2% compare
- 2 Macao 92.0% compare
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
- 6 Sint Maarten (Dutch part) 89.3% 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 services, value added in Hong Kong?
- Services, value added in Hong Kong was 91.5% 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 91.9% in 2012.
- What is the lowest services, value added recorded in Hong Kong?
- The lowest recorded value was 83.8% in 2000.
- How does Hong Kong rank for services, value added?
- Hong Kong ranks 3rd 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 1.1%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.