Report by the WTO Secretariat

Between 2014 and 2017, the economy of Hong Kong, China (HKC) grew at an average annual rate of 2.8%, driven mainly by domestic demand and exports, mainly to the People’s Republic of China (Mainland China). This growth rate is slightly lower than at the time of the previous Review. Services, in particular trade and finance, continued to be the mainstay of the economy, contributing 92% to GDP and 88% to total employment, and reflecting HKC’s position as a global trade and financial centre. HKC remains one of the most open economies in the world, with a trade/GDP ratio of 375%. Its investment regime remains open.