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Hong Kong is best understood as a gateway market: valuation, liquidity, and risk appetite are heavily influenced by mainland China sentiment, property and financial conditions, and the willingness of global capital to engage with regional listings. The market is usually read through China policy expectations, local property and bank stability, and the depth of international participation in large-cap regional franchises.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Country dashboard
A gateway market shaped by China sentiment, property-financial linkages, and international capital access.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
Annual real GDP growth from World Bank national accounts.
Available variables
Trade and external position
The latest available data show exports of $739.6B and imports of $723.1B, leaving an external balance of +$16.6B. Services account for 14.7% of total exports.
This is the broadest external-demand read for Hong Kong, because it combines merchandise shipments with cross-border services such as travel, transport, finance, and business services.
This is the merchandise side of the export machine for Hong Kong, useful for judging industrial, energy, and manufacturing exposure in the trade mix.
This shows how much Hong Kong monetizes travel, logistics, finance, software, licensing, and other non-merchandise external flows.
Trade partners
Commodity lens
Trade in goods and services equaled 359.5% of GDP in 2024. This is a quick read on how externally exposed the economy is.
Services represented 14.7% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.
Manufactures accounted for 87.4% of merchandise exports in 2024.
Fuel exports accounted for 0.1% of merchandise exports in 2024, useful for reading commodity exposure.
Food exports accounted for 1.6% of merchandise exports in 2024, adding context on agricultural exposure.
Source: World Bank API: totalExports,
What to watch
Hong Kong should first be read through china sentiment. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
The market is usually read through China policy expectations, local property and bank stability, and the depth of international participation in large-cap regional franchises. That makes property-financial stability one of the most important signals for revising the country narrative.
The final layer is international capital flows, because it determines whether the macro backdrop turns into sustainable profits support for the Hang Seng Index.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
Asia
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A domestic-growth market driven by credit expansion, capex, consumption, and rising equity participation.
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A globally exposed market where yen direction, corporate reform, and export cyclicals drive relative performance.
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A financial and logistics hub where global trade, banking, property, and regional capital flows set the tone.
Asia
A manufacturing and semiconductor market tightly linked to the global electronics, memory, and export cycle.
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A concentrated technology market dominated by semiconductors, electronics supply chains, and AI-capex leverage.
Real GDP growth
What This Signals
GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 22.3%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.