Travel services in Hong Kong, China
Hong Kong, China: Travel services was 31.7% in 2024. ▼ Falling
Travel services in Hong Kong, China, 1998–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, travel services in Hong Kong, China stood at 31.7%.
That represents a change of up 10.3% on the previous year and up 6.5% over ten years.
Over the whole period, travel services in Hong Kong, China peaked at 33.2% in 2019 and was at its lowest, 5.4%, in 2021.
Hong Kong, China ranks 45th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Travel services in Hong Kong, China, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1998 | 31.5% | — |
| 1999 | 31.5% | +0.2% |
| 2000 | 28.1% | -10.9% |
| 2001 | 28.0% | -0.4% |
| 2002 | 28.1% | +0.6% |
| 2003 | 26.4% | -6.3% |
| 2004 | 26.4% | +0.0% |
| 2005 | 23.7% | -10.4% |
| 2006 | 22.0% | -6.8% |
| 2007 | 21.9% | -0.7% |
| 2008 | 22.2% | +1.2% |
| 2009 | 25.4% | +14.8% |
| 2010 | 24.7% | -3.1% |
| 2011 | 25.6% | +3.9% |
| 2012 | 26.2% | +2.3% |
| 2013 | 28.2% | +7.7% |
| 2014 | 29.8% | +5.5% |
| 2015 | 31.1% | +4.6% |
| 2016 | 32.4% | +4.1% |
| 2017 | 32.7% | +0.7% |
| 2018 | 32.4% | -0.8% |
| 2019 | 33.2% | +2.6% |
| 2020 | 10.0% | -69.8% |
| 2021 | 5.4% | -45.7% |
| 2022 | 8.7% | +59.4% |
| 2023 | 28.7% | +230.9% |
| 2024 | 31.7% | +10.3% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 31.7% is above the median for high income countries, which is 21.1%, 1.5× the median. (72 countries reporting)
- Hong Kong, China's 31.7% is above the median for East Asia & Pacific, which is 22.6%, 1.4× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Travel services in Hong Kong, China 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 |
|---|---|---|---|
| 2023 | +230.9% | 8.7% | 28.7% |
| 2020 | -69.8% | 33.2% | 10.0% |
| 2022 | +59.4% | 5.4% | 8.7% |
| 2021 | -45.7% | 10.0% | 5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.5% | 31.5% | 31.5% | 2 |
| 2000s | 25.2% | 21.9% | 28.1% | 10 |
| 2010s | 29.6% | 24.7% | 33.2% | 10 |
| 2020s | 16.9% | 5.4% | 31.7% | 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 travel services in Hong Kong, China?
- Travel services in Hong Kong, China was 31.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Hong Kong, China?
- The highest recorded value was 33.2% in 2019.
- What is the lowest travel services recorded in Hong Kong, China?
- The lowest recorded value was 5.4% in 2021.
- How does Hong Kong, China rank for travel services?
- Hong Kong, China ranks 45th out of 198 countries with data for 2024.
- Is travel services rising or falling in Hong Kong, China?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is falling.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.