Hong Kong
Everything Palanor holds about Hong Kong, in one place: 72 public signals, what its economy runs on, how often America’s largest companies name it, the news that names it, and Country Posture. Every figure is computed from stored readings and carries its source and date.
AsiaAsia-Pacific
The latest read
- GDP in current U.S. dollars: $427.3 billion (2025); record high since 1990; 1y +4.6%.
- Household consumption, share of GDP: 66.2% of GDP (2025); 71st percentile since 1990; lowest since 2021; 1y −1.08 pts.
- Net exports, share of GDP: 2.87% of GDP (2025); 43rd percentile since 1990; 1y −0.99 pts.
- S&P 500 companies naming it on earnings calls: 1.97% of companies (2026-10-21); 24th percentile since Dec 2021; lowest since Jul 17, 2026; 1y +0.34 pts.
Country Posture
What Hong Kong’s economy is doing
Momentum
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.590 below 0.60; AUC 0.590 below the single-input baseline (0.624); 2010–2022: AUC 0.595 below 0.60; AUC 0.595 below the single-input baseline (0.641).
Inputs
| Real GDP growth | 3.5 |
| Growth against its three-year average | 2.8 |
| Change in unemployment | -0.2 |
| Change in the employment rate | -0.4 |
| Export volume growth | — |
| OECD leading indicator | — |
Resilience
2025Withheld: 2 of 5 core inputs reported for 2025.
Inputs
| Interest as a share of revenue | — |
| Budget balance | — |
| Reserves, months of imports | — |
| Current account | 12.2 |
| Governance (WGI mean) | 1.00 |
| External debt | — |
Pressure
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.657 below the single-input baseline (0.672).
Inputs
| Inflation | 1.4 |
| Change in inflation | -0.3 |
| Currency move against the dollar | -0.1% |
| Conflict deaths per million | 0.0 |
| Political stability | 0.77 |
| Private credit, three-year change | -41.8 |
| Bond spread over U.S. Treasuries | — |
Posture describes what an economy is doing; it is not a rating and never ranks countries. Each input is read against the country’s own history and against every other economy that year. An axis shows a score only after passing a back-test fixed before any result was computed. Method and back-test.
Passport reach
Where a Hong Kong passport opens doors
The share of world GDP, outside Hong Kong itself, in the economies whose published rules let a holder of this passport in, as of October 2026. Palanor records the rules of destinations holding 88% of world GDP, from each government’s own list, and weights them by World Bank GDP for 2025. Rank is among 199 passports.
Work
13.5%rank 60 of 199
the right to work (free movement in full; treaty and working-holiday routes at half); 0 destinations in full, 13 at half.
Recorded changes
- 2025-01-08United Kingdom · visit: Visa-free → Online travel authorisation source
Reach is shown here and not weighted into Country Strength: it rewards membership of a free-movement area or a treaty more than the strength of an economy. Entry is always at the border officer’s discretion, and conditions (length of stay, fees, age limits) vary. Method, sources and the full ranking: Passports and citizenship.
Palanor calculation from each destination government's published rules; GDP weights from the World Bank (CC BY 4.0), one year for the whole line, so it moves only when a list changes.
GDP by expenditure
What Hong Kong’s economy runs on
In 2025, household spending was 66.2% of GDP, government consumption 12.6%, investment 18.4% and net exports +2.9% (exports 199.8%, imports 196.9%).
World Bank national accounts. The parts can miss 100 by a few points (the statistical discrepancy).
Same World Bank definition for every country, so the shares compare directly: What each economy runs on.
IMF World Economic Outlook
The IMF’s outlook for Hong Kong
The latest year before the October 2026 edition (often still an IMF estimate) and the IMF’s own projections. These are the IMF’s published forecasts, shown as published; Palanor does not project them further. Since the previous edition the IMF raised its growth forecast for this year by 1.4 percentage points (Palanor calculation).
| Measure | 2025 | 2026 IMF f’cast | 2027 IMF f’cast | 2031 IMF f’cast |
|---|---|---|---|---|
| Real GDP growth% | 3.6 | 3.8 | 2.8 | 2.2 |
| Inflation, average consumer prices% | 1.4 | 1.9 | 1.9 | 2.5 |
| Unemployment rate% of labor force | 3.6 | 3.8 | 3.5 | 2.7 |
| GDP, current US dollarsUS$ bn | 427.1 | 455.2 | 477.1 | 570.9 |
| GDP at purchasing-power parityintl $ bn | 603.8 | 647.7 | 686.9 | 802.5 |
| GDP per person, US dollarsUS$ | 56,876 | 60,322 | 62,878 | 73,503 |
| Current account balance% of GDP | 12.3 | 13.8 | 13.1 | 11.4 |
| Government gross debt% of GDP | 12.1 | 14.1 | 15.6 | 20.0 |
| Government overall balance% of GDP | -4.5 | -4.4 | -3.2 | -0.7 |
| Government primary balance% of GDP | -5.3 | -5.0 | -3.8 | -0.9 |
| Government net interest paid% of GDP · Palanor calc. | -0.7 | -0.6 | -0.6 | -0.2 |
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database, October 2026. Provided by the IMF “as is” and free of charge from the IMF; the IMF does not endorse Palanor. Net interest paid is a Palanor calculation: the IMF's primary balance minus its overall balance.
Discourse
How often S&P 500 companies name Hong Kong
11 of 445 S&P 500 companies named Hong Kong on an earnings call in the 90 days to 2026-10-21. 7.8% list it in the risk factors of their latest 10-K. Names only, counted by fixed rules set before any document was read; a mention says the country came up, not why.
News
In the news
- The Capital Window: Hong Kong IPO Rules Tighten as African Fintech Credit Expands
IPO rules tighten in Hong Kong as fintech lending expands across Africa.
Palanor Wire2026-10-13positive · +expands
- Governments tighten content control across media
From Hong Kong bookstores to AI chatbots, authorities are extending speech restrictions into new digital territories, studies show.
Palanor Wire2026-07-17neutral
- Capital markets reopen with infrastructure bid and AI chip spin
Williams chases midstream gas assets while Baidu's chip unit eyes a $50 billion Hong Kong listing—signs that the deal window is testing its hinges.
Palanor Wire2026-06-29neutral
- Anthropic in regulatory crosshairs as banks partition access by jurisdiction
Trump says negotiations are "going fine," EU cybersecurity meets Claude Thursday, and JPMorgan pulls Hong Kong staff off the platform. Model-layer geopolitics arrive.
Palanor Wire2026-06-18neutral
- Sovereign wealth funds' China and Hong Kong investments surge 190% after a bruising slump
CNBC · Bluesky2026-10-22neutral · +surge -slump
- HKEX Launches Green Equity Designation for Hong Kong-Listed Firms
Marketaux (financial news API)2026-10-21neutral
- José Gonzáles: China apunta a posicionar a Hong Kong como centro mundial de comercio de oro
Rumbo Minero2026-10-20neutral
- Hong Kong regulator sees rise in listing of young growth firms reut.rs/4sbBvlb
Reuters · Bluesky2026-10-19positive · +rise +growth
- Baicha Baidao notes Hong Kong regulator's trading suspension over IPO rigging concerns reut.rs/4zxweH1
Reuters · Bluesky2026-10-14neutral
- Hundreds queue in Hong Kong to glimpse Van Gogh painting unseen in public for 60 years reut.rs/47gkAo2
Reuters · Bluesky2026-10-13neutral
- Taiwan finance minister to attend APEC meeting in Hong Kong reut.rs/4jjXWSN
Reuters · Bluesky2026-10-13neutral
- SFC Introduces Post-Listing Conditions to Hong Kong IPO Regulation
Marketaux (financial news API)2026-10-13neutral
- Hong Kong police arrest 127 in Vietnamese-led loan sharking syndicate
Marketaux (financial news API)2026-10-11neutral
- OTP Bank Becomes First EU Financial Institution to Open a EUR 7 Billion EMTN Programme on the Hong Kong Stock Exchange
Marketaux (financial news API)2026-10-09neutral
Headlines that name Hong Kong, matched by name with fixed rules (a wrong match is worse than a missing one). Tone is read from each headline’s own words; no model reads or summarizes an article, and other publishers’ stories link out.
Company graph
Companies headquartered in Hong Kong
Palanor’s company graph holds 855 entities headquartered here, 1 with a listed ticker (GLEIF headquarters address, else legal address).
- Alibaba Group Holding LtdBABA · George Town
Signals
Every series about Hong Kong
Grouped by theme, the most-read first. All 72 in the Library.
Growth and output8
- Population, Historical (Maddison): Hong Kong96th percentile since 1820; lowest since 2017; 1y −0.1%7,386,520 people2022
- GDP per Person, Historical (Maddison): Hong Kong93rd percentile since 1820; 1y −3.4%48,2892022
- GDP, Historical (Maddison): Hong Kong94th percentile since 1820; 1y −3.5%356.72022
- Hong Kong · GDP · USD bn (current)record high since 1990; 1y +4.6%$427.3bn2025
- Hong Kong: Share of World GDP at Market Exchange Rates28th percentile since 1990; 1y −0.005 pts0.36% of world GDP2025
- Hong Kong: Share of World GDP Minus Share of World Population38th percentile since 1990; 1y −0.004 pts0.272025
- Hong Kong: Share of World Populationrecord low since 1990; 1y −0.001 pts0.09% of world population2025
- Share of World GDP, Historical (Maddison): Hong Kong38th percentile since 1820; lowest since 1980; 1y −0.019 pts0.27% of world GDP2022
Money, rates and credit2
- Hong Kong · Central Bank Policy Rate (IMF)56th percentile since Jun 1992; 1y −0.75 pts4%2026-05-01
- Hong Kong Monetary Authority Total Assets · % of Hong Kong GDP51st percentile since Oct 1998; highest since Apr 2025; 1y −2.13 pts130.1% of GDP2026-04-01
Trade and capital flows10
- Hong Kong's Share of Foreign-Held U.S. Treasuries44th percentile since Mar 2000; 1y +0.078 pts2.8% of foreign holdings2026-08-01
- U.S. Treasury Securities Held in Hong Kong96th percentile since Mar 2000; 1y +3.8%261.5 $ billions2026-08-01
- Hong Kong's Share of Foreign-Held U.S. Equities · %record high since Sep 2011; 1y +0.201 pts1.52% of foreign holdings2026-08-01
- U.S. Equities Held in Hong Kong · USD bnrecord high since Sep 2011; 1y +41.8%382.1 $ billions2026-08-01
- U.S. Integrated Circuits Exports to Hong Kong, 12 Months8th percentile since Dec 2013; highest since Sep 2025; 1y −10.9%1.77 $ billions2026-08-01
- U.S. Integrated Circuits Imports From Hong Kong, 12 Months23rd percentile since Dec 2013; highest since Aug 2023; 1y +182.0%0.01 $ billions2026-08-01
- U.S. Goods Trade With Hong Kong (Exports + Imports)79th percentile since 1985; highest since 2018; 1y +14.8%38.8 $ billions2025
- Hong Kong's Share of U.S. Goods Trade9th percentile since 1987; highest since 2021; 1y +0.059 pts0.69% of U.S. goods trade2025
- Hong Kong · International Tourist Arrivalsrecord low since 1995; 1y −93.6%3,569,000 arrivals2020
- Hong Kong · Net International Investment Position, % of GDP (IMF)94th percentile since 2000; highest since 2020; 1y +94.06 pts586.9% of GDP2025
Migration4 of 7
- International Migrant Stock: Hong Kong (UN)record high since 19903,063,318 people2024
- International Migrants as a Share of Population: Hong Kong (UN)record high since 199041.3% of population2024
- U.S.-Born People Living in Hong Kong (UN)record high since 199014,298 people2024
- Change in Migrant Share of Population Since 2000: Hong Kong (UN)1.52024
AI stance and technology2
- Global Innovation Index Rank: Hong Konglowest since 2022; 1y −6.7%14 rank2026
- Global Innovation Index Score: Hong Konghighest since 2023; 1y +3.3%53.2 score (0–100)2026
Climate and the physical world2 of 4
More about this country1
- USD / HKD96th percentile since Jan 1990; 1y +1.0%7.85 rate2026-10-16
Peers
Elsewhere in Asia
Alphabetical. Palanor does not rank countries.
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