Field info displayed for all countries in alpha order.
Hong Kong has a free market economy, highly dependent on international trade and finance – the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong’s open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, it again faces a possible slowdown as exports to the Euro zone and US slump. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong’s largest trading partner, accounting for about half of Hong Kong’s exports by value. Hong Kong’s natural resources are limited, and food and raw materials must be imported. As a result of China’s easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the Exchange’s market capitalization. During the past decade, as Hong Kong’s manufacturing industry moved to the mainland, its service industry has grown rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983.
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$350.4 billion (2011 est.)

country comparison to the world: 37

$333.7 billion (2010 est.)
$312 billion (2009 est.)
note: data are in 2011 US dollars
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$242.4 billion (2011 est.)
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5% (2011 est.)

country comparison to the world: 74

7% (2010 est.)
-2.6% (2009 est.)
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$49,300 (2011 est.)

country comparison to the world: 10

$46,900 (2010 est.)
$44,200 (2009 est.)
note: data are in 2011 US dollars
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agriculture: 0%
industry: 7%
services: 92.6% (2011 est.)
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3.701 million (2011 est.)

country comparison to the world: 93

Field info displayed for all countries in alpha order.
manufacturing: 4.3%
construction: 2.4%
wholesale and retail trade, restaurants, and hotels: 41.4%
financing, insurance, and real estate: 12.5%
transport and communications: 6.3%
community and social services: 16.8%
note: above data exclude public sector (2011 est.)
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3.4% (2011 est.)

country comparison to the world: 30

4.4% (2010 est.)
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NA%
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lowest 10%: NA%
highest 10%: NA%
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53.3 (2007)

country comparison to the world: 14

Field info displayed for all countries in alpha order.
22.9% of GDP (2011 est.)

country comparison to the world: 86

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revenues: $55.53 billion
expenditures: $46.97 billion (2011 est.)
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22.9% of GDP (2011 est.)

country comparison to the world: 134

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3.5% of GDP (2011 est.)

country comparison to the world: 20

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10.1% of GDP (2011 est.)

country comparison to the world: 122

17.8% of GDP (2010 est.)
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5.3% (2011 est.)

country comparison to the world: 126

2.3% (2010 est.)
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0.5% (31 December 2011)

country comparison to the world: 139

0.5% (31 December 2010)
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5% (31 December 2011 est.)

country comparison to the world: 161

5% (31 December 2010 est.)
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$143.8 billion (31 December 2011 est.)

country comparison to the world: 27

$130.4 billion (31 December 2010)
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$1.028 trillion (31 December 2011 est.)

country comparison to the world: 18

$917.5 billion (31 December 2010)
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$540.7 billion (31 December 2011 est.)

country comparison to the world: 27

$463.7 billion (31 December 2010 est.)
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$2.24 trillion (31 December 2011)

country comparison to the world: 6

$2.711 trillion (31 December 2010)
$2.292 trillion (31 December 2009 est.)
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fresh vegetables; poultry, pork; fish
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textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
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7.6% (2011 est.)

country comparison to the world: 29

Field info displayed for all countries in alpha order.
41.22 billion kWh (2011 est.)

country comparison to the world: 55

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43.14 billion kWh (2011 est.)

country comparison to the world: 49

Field info displayed for all countries in alpha order.
2.75 billion kWh (2011 est.)
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10.75 billion kWh (2011 est.)
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0 bbl/day (2011 est.)

country comparison to the world: 181

Field info displayed for all countries in alpha order.
303,800 bbl/day (2011 est.)

country comparison to the world: 41

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18,750 bbl/day (2011 est.)

country comparison to the world: 89

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375,000 bbl/day (2011)

country comparison to the world: 28

Field info displayed for all countries in alpha order.
0 bbl (1 January 2012 est.)

country comparison to the world: 143

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0 cu m (2011 est.)

country comparison to the world: 195

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3.46 billion cu m (2011 est.)

country comparison to the world: 67

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0 cu m (2011 est.)

country comparison to the world: 113

Field info displayed for all countries in alpha order.
3.46 billion cu m (2011 est.)

country comparison to the world: 40

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0 cu m (1 January 2011 est.)

country comparison to the world: 147

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$16.15 billion (2011 est.)

country comparison to the world: 22

$12.74 billion (2010 est.)
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$427.9 billion (2011 est.)

country comparison to the world: 13

$388.6 billion (2010 est.)
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electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
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China 52.4%, US 9.9%, Japan 4% (2011 est.)
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$482.6 billion (2011 est.)

country comparison to the world: 11

$431.4 billion (2010 est.)
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raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is reexported)
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China 44.9%, Japan 8.9%, Taiwan 7.5%, US 4.9% (2011 est.)
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$285.4 billion (31 December 2011 est.)

country comparison to the world: 9

$268.7 billion (31 December 2010 est.)
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$903.2 billion (30 June 2011 est.)

country comparison to the world: 17

$750.8 billion (31 December 2010 est.)
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$1.141 trillion (31 December 2011 est.)

country comparison to the world: 3

$1.098 trillion (31 December 2010 est.)
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$988 billion (31 December 2011 est.)

country comparison to the world: 6

$948.5 billion (31 December 2010 est.)
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Hong Kong dollars (HKD) per US dollar –
7.79 (2011 est.)
7.77 (2010 est.)
7.75 (2009)
7.751 (2008)
7.802 (2007)
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1 April – 31 March
Source: CIA World Factbook 2012
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About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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