IMD World Competitiveness Booklet 2020
COMPETITIVENESS TRENDS - OVERALL HONG KONG SAR
OVERALL PERFORMANCE (63 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Hong Kong
2016 2017 2018 2019 2020
1 2019
1
1
2
2
7.836 2019 7.51 2019 366.0 2019 64,237 2019
Exchange Rate (per $)
5
45
Population - market size (millions)
CHALLENGES IN 2020 To navigate through the enormous challenges brought by the Covid-19 pandemic and global economic fallout. • To navigate through the enormous challenges brought by the Covid-19 pandemic and global economic fallout. • To harness opportunities arising from the Mainland’s economic development, in particular the Belt and Road Initiative and Greater Bay Area development. • To foster innovation and technology development as drivers for long-term economic growth. • To address supply-side constraints by increasing land supply and investing in human resources. • To overcome the growth constraints posed by an ageing population. Provided by: Hong Kong Trade Development Council Hong Kong Trade Development Council
33
Gross Domestic Product (GDP) (US$ billions)
9
GDP (PPP) per capita (US$)
-1.2 2019 2.87 2019 2.90 2019 3.97 2019 6.21 2019
61
Real GDP growth (%)
47
Consumer price inflation (%)
7
Unemployment rate (%)
44
Labor force (millions)
13
Current account balance (% of GDP)
1,997.2 2018 14.53 2019
2
Direct investment stocks inward ($bn)
4
Direct investment flows inward (% of GDP)
COMPETITIVENESS LANDSCAPE
Economic Performance
Government Efficiency
Business Efficiency
Infrastructure
Domestic Economy
International Trade
International Investment Employment Prices
3 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
2 3 5 2
3 4
6
7
7
11
11
17
23
25
27
49
62
PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)
POPULATIONS < 20 MILLION (34 countries)
2016 2017 2018 2019 2020
2016 2017 2018 2019 2020
1
1
1
1
1
1
2
2
2
5
73
IMD WORLD COMPETITIVENESS BOOKLET 2020
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