Trade in services in Hong Kong, China
Hong Kong, China: Trade in services was 48.6% in 2024. ▬ Flat
Trade in services in Hong Kong, China, 1998–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Hong Kong, China is 48.6%, measured in 2024.
Compared with earlier readings it is up 5.0% on the previous year and down 21.6% over ten years.
Over the whole period, trade in services in Hong Kong, China peaked at 66.7% in 2012 and was at its lowest, 35.3%, in 2020.
That places Hong Kong, China 33rd out of 200 countries with data for 2024, putting it in the top quarter.
Trade in services in Hong Kong, China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 41.5% | — |
| 1999 | 42.6% | +2.6% |
| 2000 | 44.3% | +4.1% |
| 2001 | 44.4% | +0.2% |
| 2002 | 46.7% | +5.1% |
| 2003 | 47.9% | +2.6% |
| 2004 | 53.9% | +12.5% |
| 2005 | 57.1% | +6.0% |
| 2006 | 61.0% | +7.0% |
| 2007 | 62.9% | +3.1% |
| 2008 | 65.0% | +3.3% |
| 2009 | 58.8% | -9.6% |
| 2010 | 66.0% | +12.3% |
| 2011 | 66.6% | +0.9% |
| 2012 | 66.7% | +0.1% |
| 2013 | 65.3% | -2.1% |
| 2014 | 62.1% | -4.9% |
| 2015 | 57.7% | -7.1% |
| 2016 | 53.9% | -6.5% |
| 2017 | 53.3% | -1.2% |
| 2018 | 53.9% | +1.1% |
| 2019 | 50.4% | -6.4% |
| 2020 | 35.3% | -29.9% |
| 2021 | 38.2% | +8.1% |
| 2022 | 40.8% | +6.8% |
| 2023 | 46.3% | +13.5% |
| 2024 | 48.6% | +5.0% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 48.6% is above the median for high income countries, which is 31.7%, 1.5× the median. (72 countries reporting)
- Hong Kong, China's 48.6% is above the median for East Asia & Pacific, which is 26.0%, 1.9× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42.0% | 41.5% | 42.6% | 2 |
| 2000s | 54.2% | 44.3% | 65.0% | 10 |
| 2010s | 59.6% | 50.4% | 66.7% | 10 |
| 2020s | 41.8% | 35.3% | 48.6% | 5 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- 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 trade in services in Hong Kong, China?
- Trade in services in Hong Kong, China was 48.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Hong Kong, China?
- The highest recorded value was 66.7% in 2012.
- What is the lowest trade in services recorded in Hong Kong, China?
- The lowest recorded value was 35.3% in 2020.
- How does Hong Kong, China rank for trade in services?
- Hong Kong, China ranks 33rd out of 200 countries with data for 2024.
- Is trade in services rising or falling in Hong Kong, China?
- Over the last ten years it is down 21.6%. The long-run trend across the full record is flat.
- Where does this Hong Kong, China data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.