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Economy of Hong Kong

Hong Kong, which is also called initials H.K, is a city-state known for its gigantic skyline and deep natural harbor. Hong Kong has the stable economic condition which is helping the nation to become more prosper and a nation of opportunities. The GDP of Hong Kong country in terms of purchasing power parity (PPP) is $381.3 billion as of 2013. It is also regarded as one of the world’s leading international financial centers. The stable economy of Hong Kong is actually the outcome of low taxation and free trade. It is worth mentioning here that, the currency, Hong Kong dollar is the eighth most traded currency in all across the globe as of 2010. The country that was once termed by Milton Friedman as the world greatest experiment in government policy of economic non-intervention capitalism, but the nation has since founded a system of regulations comprising a minimum wage. These are among few things that help country to sustain highly developed economic. The major industries of Hong Kong include textiles, apparel, tourism, banking, shopping and electronics. The period fiscal year of Hong Kong is from 1 April to 31 March.

Imports of Hong Kong

Hong believes to invest in free trade for the stability of the country in terms of economy. The estimated value of imports of Hong Kong is $520.6 billion as of 2013 which is the 8th largest when compared to the rest of the world. Some of the major import commodities of country include raw materials, consumer electronics, capital foods, fuel and foodstuffs. The high volume of imports comes from China while the other major import partners of the country are Japan, Taiwan, South Korea and United States of America.

Exports of Hong Kong

Hong Kong is the 14th largest exporter of the world with the export value of $456.4 billion as of 2013. The major export commodities of Hong Kong include electrical machinery, appliances, textiles, clothing, footwear, watches, toys, precious stones and printed materials. China, United States of America and Japan are the major export partners of Hong Kong.

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Hong Kong
Dialing Code
Fiscal Year
1 April - 31 March
Hong Kong Dollar (HKD)
$427.9 billion (2011 est.) | Electrical Machinery And Appliances, Textiles, Apparel, Footwear, Watches And Clocks, Toys, Plastics, Precious Stones, Printed Material
$482.6 billion (2011 est.) | Raw Materials And Semi-manufactures, Consumer Goods, Capital Goods, Foodstuffs, Fuel (most Is Reexported)
Textiles, Clothing, Tourism, Banking, Shipping, Electronics, Plastics, Toys, Watches, Clocks