AEIR 2017

GDP continued to climb moderately posting 2.0% growth in 2016, surpassing the government’s goal of 1.5% growth. Hong Kong, China is expected to grow 3.6% in 2017 as external performance continues to stabilize, business sentiment improves, and domestic demand remains robust. Growth forecast for 2018 is 3.2%.

Downside risks to the outlook include visitor restrictions from mainland PRC and strengthening of the US dollars. The restriction has affected inbound tourism since the last quarter of 2016 and has also affected the retail sector.

Source: Asian Development Outlook 2017 Update, ADB
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 30.0 (Jun18)30.0 25.0
Broad Money Growth 2 6.3 (May18)6.3 9.8
Headline Inflation Rate 3 2.1 (May18)1.9 2.0
Industrial/ Manufacturing Production Growth Rate 3 1.0 (Mar18)0.2 0.0
Merchandise Export Growth 3 15.0 (May18)15.0 7.1
Exchange Rate Index 4 101.2 (Jun18)101.2 100.6
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Census and Statistics Department.