IMD World Competitiveness Booklet 2022

Competitiveness Country Profiles

Hong Kong SAR Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Hong Kong

2

2

1 2021

5

5

7.773 2021

Exchange Rate (per $)

7

7.41 2021 43 368.1 2021 36 65,974 2021 09 6.4 2021 22 1.57 2021 12 5.20 2021 26 3.87 2021 42 11.23 2021 08 1,884.9 2020 05 34.06 2020 03

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• To control the epidemic, and support and revive the economy. • To navigate through the external challenges arising from slower global economic recovery, monetary policy normalisation by major central banks and mounting geopolitical uncertainties. • To seize the opportunities brought by the Mainland’s economic development. • To further promote innovation and technology. • To address the growth constraints of land and manpower.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Hong Kong Trade Development Council

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

2 2 Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

1

4 3

5 4

6

7

10

13

16 11

20

21

23 18

33

39

63

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

1

2

1

5

5

2

2

2

2

7

73