Money in Hong Kong

Hong Kong Money | Economic News & Forecasts

Hong Kong - Money

After GDP growth slowed slightly in Q2, momentum likely eased further in the third quarter due to a less favorable base effect, but should have improved in sequential terms. In the first two months of Q3, growth in merchandise exports and imports cooled marginally compared to Q2, pointing to a slight moderation in domestic demand in annual terms. However, retail sales growth accelerated in the same period, while the private sector PMI averaged notably higher in Q3 overall than in the second quarter, boding well for quarter-on-quarter growth. Moreover, the unemployment rate hit its lowest level since March 2020 in August, which should have supported household spending. Meanwhile, following the authorities’ decision to allow Chinese tourists to cross the border, tourist arrivals were up roughly 143% year-on-year in August, which should have stoked private consumption at the tail end of the quarter and into Q4.

Hong Kong - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)5.5  7.7  10.0  4.3  2.8  

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Hong Kong Money Chart

Hong Kong Money
Note: Annual variation of M2 in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

Hong Kong Facts

Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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