Three Gorges Dam
EnergyThe world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of the People's Republic of China on 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be imposed on Hong Kong and that Hong Kong would enjoy a "high degree of autonomy" in all matters except foreign and defense affairs for the subsequent 50 years.
The National Infrastructure Index maps the physical assets national life runs on — power stations and grids, water systems, ports, railways and airports, data networks, payment systems and launch sites. Each asset is placed in a Strategic Infrastructure capability group, so it can be read against the ratings in the National Capability index above.
Assets are chosen for how much of the economy and state depends on them and how hard they would be to replace. Each card records what the asset is, the category it belongs to, what it does and where it is.
Example assets. These twenty cards are modelled on China's most critical infrastructure and show on every nation page until each nation's own assets are mapped.
The world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
A 16 GW dam on the Jinsha River, built around sixteen 1 GW turbines, the largest single units in service.
A ±1,100 kV direct-current line carrying 12 GW more than 3,000 km from Xinjiang's power bases to the eastern grid.
China's first large commercial nuclear plant, in service since 1994, with much of its output sold to Hong Kong.
A canal carrying Yangtze basin water more than 1,400 km north from the Danjiangkou Reservoir to Beijing and Tianjin.
The 1,318 km trunk line between the two largest cities, opened in 2011 and one of the busiest high-speed routes in the world.
The world's busiest container port since 2010, including the automated Yangshan deep-water terminals.
The world's largest port by cargo tonnage, handling iron ore, crude oil and coal for the eastern industrial belt.
The capital's second international hub, opened in 2019 around one of the largest single terminal buildings in the world.
A 55 km bridge and undersea tunnel system linking the western and eastern shores of the Pearl River Delta, opened in 2018.
The 1,956 km line from Xining to Lhasa, crossing the Tanggula Pass at 5,072 m, the highest railway in the world.
One of eight national data centre hubs under the East Data, West Computing programme, hosting major cloud providers.
A 2,000 km quantum key distribution trunk line through Jinan and Hefei, completed in 2017 for secure government and bank links.
CIPS clears and settles cross-border payments in renminbi, launched in 2015 to extend the currency's international reach.
The coastal launch site for Long March 5 heavy-lift rockets, used for the Tiangong station modules and lunar and Mars missions.
China's first launch site, founded in 1958 in the Gobi Desert, and the base for every crewed Shenzhou mission.
The national satellite navigation system, providing global positioning and timing since 2020 from its Beijing control segment.
The world's largest known rare-earth deposit and the core of China's rare-earth mining and refining supply chain.
A weir and channel system built around 256 BC that still irrigates much of the Chengdu Plain's farmland.
China's leading maker of 3D NAND flash memory, central to the drive for a domestic semiconductor supply.
The National Development Index tracks the events that move a nation's capability — policy decisions, technological milestones, economic turns and external shocks — and places each one on the record with the date it happened and what followed from it. It is the narrative counterpart to the indices: where a rating says where Hong Kong stands, the index says how it arrived there.
Recent developments cover the current cycle, close enough that their consequences are still unfolding. Historical developments are the inflection points behind the present position — the decisions and events a reader needs in order to read the ratings above in context.
About 6,000 years ago the region was widely occupied by semi-coastal peoples, believed to be Austronesians and later the Yue. Archaeological work at Sha Ha in Sai Kung indicates rice cultivation was introduced by the Late Neolithic period.
After conquering the indigenous Baiyue, the Qin dynasty brought the Hong Kong region into the Chinese state in 214 BCE. The area later passed to the Nanyue kingdom after the Qin collapse before being recaptured following the Han conquest.
During the Mongol conquest of China the southern Song court was briefly located at the Sung Wong Toi site in present-day Kowloon City. Its final defeat came in the 1279 Battle of Yamen at the hands of the Yuan dynasty.
By the close of the Yuan dynasty seven large clans had established themselves in the area and held most of its land. Further settlers from nearby provinces migrated into Kowloon throughout the Ming dynasty, shaping the territory's pre-colonial society.
The Portuguese explorer Jorge Álvares arrived in 1513, the earliest recorded European presence in the region. Portuguese merchants subsequently set up a trading post called Tamão in Hong Kong waters and began regular trade with southern China.
Military clashes in the 1520s led to the expulsion of Portuguese traders from Hong Kong waters. Portuguese-Chinese trade relations were nonetheless re-established by 1549, and Portugal later acquired a permanent lease for Macau in 1887.
Under the Haijin maritime trade ban following the Qing conquest, most of the population of what is now Hong Kong was cleared between 1661 and 1683. The policy turned the region into a wasteland, interrupting its coastal economy.
In 1684 the Kangxi Emperor ended the ban on maritime trade, allowing foreigners to enter Chinese ports. The reopening set the stage for the growth of European commerce along the southern Chinese coast.
The Canton System of 1757 tightly regulated foreign trade by confining non-Russian ships to the port of Canton. Because Chinese goods could only be bought with precious metals, the resulting trade imbalance drove the British to sell Indian opium to China.
The territory's name was first romanised as "He-Ong-Kong" in 1780, referring to an inlet between Aberdeen Island and southern Hong Kong Island. The simplified form Hong Kong was in frequent use by 1810.
In 1839 the Daoguang Emperor rejected legalising opium and instructed imperial commissioner Lin Zexu to stamp out the trade. The destruction of opium stockpiles and the halting of all foreign trade provoked a British military response and the First Opium War.
After early defeat in the First Opium War the Qing ceded Hong Kong Island under the Convention of Chuenpi, signed by Charles Elliot and Qishan, and British forces began controlling Hong Kong on 26 January 1841, though neither government ratified the agreement; China formally ceded the island the following year under the Treaty of Nanking.
After more than a year of further hostilities, Hong Kong Island was formally ceded to Britain by the 1842 Treaty of Nanking. Administrative infrastructure was built quickly, though piracy, disease and hostile Qing policies initially deterred commerce.
During the Taiping Rebellion many Chinese refugees, including wealthy merchants, left mainland turbulence for Hong Kong. Their arrival improved conditions on the island, and rapid economic improvement in the 1850s attracted foreign investment.
Defeat in the Second Opium War forced the Qing to surrender the Kowloon Peninsula and Stonecutters Island to Britain. By the war's end Hong Kong had evolved from a transient colonial outpost into a major entrepôt.
Since 1888 the Peak Tram has provided funicular rail transport between Central and Victoria Peak. It was the territory's first public transport system and remains in operation.
In 1898 Britain secured a 99-year lease over the New Territories, greatly enlarging the colony's land area and hinterland. The lease's expiry date would later force the question of Hong Kong's long-term status.
Established in 1911 during the early colonial period, the University of Hong Kong was the territory's first higher education institution. It remains a leading Asian university and hosts the Li Ka Shing Faculty of Medicine.
Kai Tak Airport commenced operations in 1924, providing Hong Kong with aviation infrastructure. It served as the primary airport until being replaced by Hong Kong International Airport, ending operations in 1998.
The Canton–Hong Kong strike of 1925–26 disrupted the colony's commerce but did not produce a lasting economic slump. The episode demonstrated the resilience of Hong Kong's entrepôt economy.
Until 1926 the name was commonly written as the single word Hongkong. That year the colonial government formally adopted the two-word form.
With the outbreak of the Second Sino-Japanese War in 1937, Governor Northcote declared the colony neutral to preserve its free-port status. The colonial government nonetheless prepared for possible attack, evacuating all British women and children in 1940.
A wave of Shanghai filmmakers arrived in the late 1940s and built the colony's entertainment industry over the following decade. Local productions gained international audiences with Bruce Lee's The Way of the Dragon in 1972 and Enter the Dragon in 1973, and output peaked at over 400 films a year in the early 1990s before falling to about 60 by 2017.
Japanese forces attacked Hong Kong on 8 December 1941, the same morning as the assault on Pearl Harbor. The territory was occupied for almost four years before British control resumed on 30 August 1945.
British administration was restored on 30 August 1945, ending the Japanese occupation. The population rebounded quickly as skilled Chinese migrants arrived fleeing the Chinese Civil War.
The Communist victory in 1949 sent further waves of refugees into Hong Kong, adding to post-war arrivals from the civil war. The influx supplied labour and capital that underpinned the colony's industrialisation.
During the 1950s Hong Kong industrialised ahead of the other Asian Tiger economies. The rapid growth, combined with a swelling population, prompted colonial reforms in infrastructure and public services.
In the post-war decades the colonial government established the public-housing estate programme, the ICAC and the Mass Transit Railway. Together they delivered safer housing, integrity in the civil service and reliable transport, foundations of Hong Kong's modern administrative capability.
Over those decades gross domestic product rose by a factor of 180 and per capita GDP by a factor of 87. Hong Kong's GDP relative to the mainland's peaked at 27% in 1993 before falling below 3% by 2017 as China liberalised.
CUHK was founded in 1963 to meet demand for a university using Chinese as its main medium of instruction. It became one of the territory's leading institutions, consistently ranked among the world's top universities.
Pro-PRC demonstrators confronted the British colonial authorities in 1967, part of a wider pattern of unrest from the 1950s to 1980s. As many as 51 people were killed and 802 injured, including dozens killed by the Royal Hong Kong Police through beatings and shootings.
Cantopop arose in the 1970s and was exported globally through films and shows in the 1980s. Its popularity peaked in the 1990s when the Four Heavenly Kings dominated Asian record charts, extending Hong Kong's cultural reach.
The Hong Kong Roadmap on Popularisation of Electric Vehicles targets zero vehicular emissions before 2050, banning new registration of fuel-propelled private cars, including hybrids, by 2035 or earlier. Supporting measures include expanded charging infrastructure and tax concessions such as the One-for-One Replacement Scheme.
On 9 August 2026 Sheung Shui reached 39.8 °C, the highest temperature recorded anywhere in Hong Kong, and the Observatory itself logged 36.9 °C. The lowest territory reading was −6.0 °C at Tai Mo Shan on 24 January 2016.
In April 2026 the regulator introduced rules enabling tokenised investment products to trade on licensed virtual asset platforms. The move aimed to widen retail access to regulated digital asset services.
The head of the Hong Kong and Macau Affairs Office stated in February 2024 that the principle would be retained indefinitely. The remark addressed doubts about the territory's status after the 50-year guarantee expires in 2047.
In 2024 the legislature enacted local national security legislation granting officials power to prosecute crimes such as treason and insurrection. It completed the security framework long sought under Article 23 of the Basic Law.
Reforms proposed in May 2023 and passed in July cut directly elected District Council seats from 452 to 88 and total seats from 479 to 470, while establishing a vetting committee for candidates. The change further narrowed electoral participation at local level.
After a sharp fall in visitors from 2020 caused by tight COVID-19 travel restrictions, the government announced a giveaway of 500,000 air tickets in 2023. Tourism recovered to 23.2 million visitors in 2025, making Hong Kong the world's second most visited city.
Amendments introduced in March 2021 cut directly elected Legislative Council seats and required all candidates to be vetted for "patriotism" by a Beijing-appointed committee. The pro-democracy camp and localists consequently lost all representation, and since 2025 all 90 members have been pro-Beijing.
The bureau proposed in November 2020 to confine crypto trading to professional investors, excluding the 93% of Hong Kong traders who are amateurs. It marked an early step in regulating digital assets in the financial centre.
In October 2020 police arrested seven pro-democracy legislators over tussles with pro-Beijing counterparts in the Legislative Council that May. Annual commemorations of the 1989 Tiananmen Square protests were also cancelled amid fears of violating the national security law.
Washington withdrew Hong Kong's separate trading status in July 2020, saying it could no longer distinguish the territory from the People's Republic of China. The move struck at a pillar of Hong Kong's distinct international economic standing.
Beijing enacted the national security law in June 2020 in response to the 2019–2020 protests, and the Legislative Council separately passed the National Anthem Ordinance criminalising insults to China's anthem. The law prompted the United Kingdom, Canada, Australia, New Zealand, Finland and Ireland to suspend bilateral extradition treaties.
A proposed amendment permitting extradition of fugitives to mainland China provoked mass protests from June 2019. Organisers claimed more than three million participants, making them the largest demonstrations in Hong Kong's history.
Discrepancies in the electoral registry and the disqualification of elected legislators followed the 2016 Legislative Council elections, in which 22 parties won representation. Together with the enforcement of national law at West Kowloon high-speed railway station, this raised further concerns about autonomy.
Beijing's decision to require pre-screening of candidates for chief executive elections triggered mass protests in 2014. The Umbrella Revolution marked a turning point in the confrontation over the territory's democratic development.
The geopark was inaugurated on 3 November 2009, covering over 150 square kilometres of the eastern and northeastern New Territories. On 18 September 2011 UNESCO listed it as part of the Global Geoparks Network.
The 2003 SARS epidemic struck the territory hard, coinciding with its worst economic contraction. It compounded a difficult first post-handover decade that began with the Asian financial crisis.
An archaeological investigation in 2003 at Wong Tei Tung in the Sai Kung Peninsula revealed knapped stone tools dated by optical luminescence to some 35,000-39,000 years ago. The finds pushed back the recognised human presence in the territory to the Paleolithic period.
Kai Tak International Airport ended operations in 1998 when the new Hong Kong International Airport took over. Over 100 airlines now operate from the airport, including flag carrier Cathay Pacific.
At midnight on 1 July 1997 sovereignty over Hong Kong passed to the People's Republic of China, ending 156 years of British rule, and Hong Kong became a Special Administrative Region. Chinese communists portrayed the return as a key moment in the PRC's rise to great power status.
During the 1997 Asian financial crisis the government used substantial reserves to maintain the currency peg. Recovery was muted by an H5N1 avian-flu outbreak and a housing surplus immediately after the handover.
Lee Lai-shan took gold at the 1996 Atlanta Olympics, the territory's first. Cheung Ka Long won the second at Tokyo 2020 and repeated in Paris 2024, where Vivian Kong also won gold.
In 1995 the Legislative Council was elected in full for the first time, and it substantially expanded its functions and organisations in the final years of colonial rule. These democratic reforms were reversed after the handover.
The Hong Kong Polytechnic University, City University of Hong Kong and Hong Kong Baptist University all attained university status in 1994. Further institutions gained full status in subsequent years, including Metropolitan University in 1997, Lingnan in 1999, Shue Yan in 2006, Education University in 2016, Hang Seng in 2018 and Saint Francis in 2024.
HKUST opened in 1991, joining HKU and CUHK among institutions ranked in the global top 20 or 50. Its founding expanded Hong Kong's scientific and technological research capacity.
Created in 1990, the Hospital Authority took charge of managing and operating Hong Kong's public hospitals. It underpins a system with among the world's lowest infant mortality rates and 42 public hospitals as of 2026.
As manufacturing competitiveness fell with rising labour and property costs, the territory shifted to a service-based economy. By the early 1990s it was a global financial centre and shipping hub, a position underpinning its later standing.
Fearing erosion of civil rights, the rule of law and quality of life, over half a million people emigrated during the peak period from 1987 to 1996. The exodus reflected deep uncertainty about the coming transfer of sovereignty.
In the agreement of 19 December 1984, China promised that under its one country, two systems formula its socialist economic system would not be imposed on Hong Kong, and that the territory would enjoy a high degree of autonomy in all matters except foreign and defence affairs for 50 years after the 1997 handover.
Cross-boundary rail service resumed in 1979, after which many rail and road links were improved or built. The connections facilitated trade between Hong Kong and the mainland following the 1978 start of reform and opening up.
With the New Territories lease nearing expiry, Governor MacLehose put the territory's future to Deng Xiaoping in 1979. The exchange opened the diplomatic process that led to the handover settlement.
Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of the People's Republic of China on 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be imposed on Hong Kong and that Hong Kong would enjoy a "high degree of autonomy" in all matters except foreign and defense affairs for the subsequent 50 years.
none (special administrative region of China)
National Day (Anniversary of the Founding of the People's Republic of China), 1 October (1949); note - 1 July 1997 is celebrated as Hong Kong Special Administrative Region Establishment Day
Eastern Asia, bordering the South China Sea and China
22 15 N, 114 10 E
Southeast Asia
six times the size of Washington, DC
733 km
hilly to mountainous with steep slopes; lowlands in north
outstanding deepwater harbor, feldspar
NA; note - included in the total for China
occasional typhoons
composed of more than 200 islands
air and water pollution from rapid urbanization
subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
Capability-group ratings for Critical Technology are part of the GINC National Capability Framework rather than the country factbook. They are published in the National Capability index, and the per-capability detail lives on the capability pages.
Clinical research and life-science invention, drawn from the same series that drive the metric pages. Each card opens the full cross-country comparison.
2 (2013)
9 (2013)
16.403 million (2012)
4.873 million (2009)
.hk
39.97 billion kWh (2013 est.)
44.21 billion kWh (2013 est.)
1.65 billion kWh (2013 est.)
11.47 billion kWh (2013 est.)
10.67 million kW (2013 est.)
100% of total installed capacity (2013 est.)
0% of total installed capacity (2013 est.)
0% of total installed capacity (2013 est.)
0% of total installed capacity (2013 est.)
0 bbl/day (2013 est.)
0 bbl/day (2013 est.)
0 bbl/day (2013 est.)
0 bbl (1 January 2013 est.)
0 bbl/day (2013 est.)
333,900 bbl/day (2013 est.)
12,010 bbl/day (2013 est.)
345,900 bbl/day (2013 est.)
0 cu m (2013 est.)
3.097 billion cu m (2013 est.)
0 cu m (2013 est.)
3.097 billion cu m (2013 est.)
0 cu m (1 January 2013 est.)
92.91 million Mt (2011 est.)
4.362 million (2012)
870,041 (2012)
defense is the responsibility of China
no regular indigenous military forces; Hong Kong garrison of China's People's Liberation Army (PLA) includes elements of the PLA Ground Forces, PLA Navy, and PLA Air Force; these forces are under the direct leadership of the Central Military Commission in Beijing and under administrative control of the adjacent Guangzhou Military Region (2012)
7,112,688 (July 2014 est.)
0.41% (2014 est.)
9.38 births/1,000 population (2014 est.)
6.93 deaths/1,000 population (2014 est.)
1.17 children born/woman (2014 est.)
29.8 (2008 est.)
1.69 migrant(s)/1,000 population (2014 est.)
19.6% (2012)
79.5% (2007)
0.1% (2003 est.)
2,600 (2003 est.)
fewer than 200 (2003 est.)
3.5% of GDP (2012)
Hong Kong plans to reduce its 2,800-hectare Frontier Closed Area (FCA) to 400 hectares by 2015; the FCA was established in 1951 as a buffer zone between Hong Kong and mainland China to prevent illegal migration from and the smuggling of goods
limited democracy
none (special administrative region of China)
several previous (governance documents while under British authority); latest drafted April 1988 to February 1989, approved March 1990, promulgated 4 April 1990 (Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China serves as the constitution); note - since 1990, China's National People's Congress has interpreted specific articles of the Basic Law (2013)
18 years of age in direct elections for half the legislature and a majority of seats in 18 district councils; universal for permanent residents living in the territory of Hong Kong for the past seven years; note - in indirect elections, suffrage is limited to about 220,000 members of functional constituencies for the other half of the legislature and a 1,200-member election committee for the chief executive drawn from broad sectoral groupings, central government bodies, municipal organizations, and elected Hong Kong officials
mixed legal system of common law based on the English model and Chinese customary law (in matters of family and land tenure)
unicameral Legislative Council or LegCo (70 seats; 35 members indirectly elected by functional constituencies, 35 elected by popular vote; members serve four-year terms)
despite strenuous law enforcement efforts, faces difficult challenges in controlling transit of heroin and methamphetamine to regional and world markets; modern banking system provides conduit for money laundering; rising indigenous use of synthetic drugs, especially among young people
special administrative region of China
Chinese General Chamber of Commerce (pro-China); Chinese Manufacturers' Association of Hong Kong; Confederation of Trade Unions or CTU (pro-democracy) [LEE Cheuk-yan, general secretary]; Federation of Hong Kong Industries; Federation of Trade Unions or FTU (pro-China) [CHENG Yiu-tong, executive councilor]; Hong Kong Alliance in Support of the Patriotic Democratic Movement in China [LEE Cheuk-yan, chairman]; Hong Kong and Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber of Commerce; Hong Kong Professional Teachers' Union [FUNG Wai-wah, president]; Neighborhood and Workers' Service Center or NWSC [LEUNG Yiu-chung, LegCo member] (pro-democracy); Civic Act-up [Cyd HO Sau-lan, LegCo member] (pro-democracy)
red with a stylized, white, five-petal Bauhinia flower in the center; each petal contains a small, red, five-pointed star in its middle; the red color is the same as that on the Chinese flag and represents the motherland; the fragrant Bauhinia - developed in Hong Kong the late 19th century - has come to symbolize the region; the five stars echo those on the flag of China
Cantonese (official) 89.5%, English (official) 3.5%, Putonghua (Mandarin) 1.4%, other Chinese dialects 4%, other 1.6% (2011 est.)
eclectic mixture of local religions 90%, Christian 10%
Chinese 93.1%, Indonesian 1.9%, Filipino 1.9%, other 3% (2011 est.)
orchid tree flower
2 commercial terrestrial TV networks each with multiple stations; multi-channel satellite and cable TV systems available; 3 radio networks, one of which is government-funded, operate about 15 radio stations (2012)
ADB, APEC, BIS, FATF, ICC (national committees), IHO, IMF, IMO (associate), Interpol (subbureau), IOC, ISO (correspondent), ITUC (NGOs), UNWTO (associate), UPU, WCO, WTO
none (Special Administrative Region of China); Hong Kong Economic and Trade Office (HKETO) carries out normal liaison and communication with the US Government and other US entities
21.2% of GDP (2013 est.)
1.8% of GDP (2013 est.)
35.6% of GDP (2013 est.)//37.8% of GDP (2012 est.)
4.4% (2013 est.)//4.1% (2012 est.)
$311.2 billion (31 December 2013 est.)//$317.3 billion (31 December 2012 est.)
$1.159 trillion (31 December 2013 est.)//$1.024 trillion (31 December 2012 est.)
Hong Kong dollars (HKD) per US dollar -//7.772 (2013 est.)//7.756 (2012 est.)//7.77 (2010 est.)//7.75 (2009)//7.751 (2008)
$272.1 billion (2013 est.)
textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
0% (2013 est.)
3.873 million (2013 est.)
3.1% (2013 est.)//3.3% (2012 est.)
Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Hong Kong has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong Kong's open economy left it exposed to the global economic slowdown that began in 2008. Although increasing integration with China, through trade, tourism, and financial links, helped it to make an initial recovery more quickly than many observers anticipated, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. The Hong Kong government is promoting the Special Administrative Region (SAR) as the site for Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to establish RMB-denominated savings accounts; RMB-denominated corporate and Chinese government bonds have been issued in Hong Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB conversion quota set by Beijing for trade settlements in 2010 due to the growth of earnings from exports to the mainland. RMB deposits grew to roughly 12% of total system deposits in Hong Kong by the end of 2013. The government is pursuing efforts to introduce additional use of RMB in Hong Kong financial markets and is seeking to expand the RMB quota. The mainland has long been Hong Kong's largest trading partner, accounting for about half of Hong Kong's total trade by value. Hong Kong's natural resources are limited, and food and raw materials must be imported. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory has surged from 4.5 million in 2001 to 34.9 million in 2012, outnumbering visitors from all other countries combined. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. In 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% of the Exchange's market capitalization. During the past decade, as Hong Kong's manufacturing industry moved to the mainland, its service industry has grown rapidly. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4% in 2013. Lower and middle income segments of the population are increasingly unable to afford adequate housing. Hong Kong continues to link its currency closely to the US dollar, maintaining an arrangement established in 1983. In 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies.
$381.3 billion (2013 est.)//$370.6 billion (2012 est.)//$365.1 billion (2011 est.)
2.9% (2013 est.)//1.5% (2012 est.)//4.8% (2011 est.)
$52,700 (2013 est.)//$51,600 (2012 est.)//$51,300 (2011 est.)
28.6% of GDP (2013 est.)//28.3% of GDP (2012 est.)//29.7% of GDP (2011 est.)
fresh vegetables and fruit; poultry, pork; fish
53.7 (2011)//53.3 (2007)
1 April - 31 March
0.5% (31 December 2013)//0.5% (31 December 2012)
5% (31 December 2013 est.)//5% (31 December 2012 est.)
$193.7 billion (31 December 2013 est.)//$176.6 billion (31 December 2012 est.)
$1.289 trillion (31 December 2013 est.)//$1.148 trillion (31 December 2012 est.)
$827.9 billion (31 December 2013 est.)//$714 billion (31 December 2012 est.)
$3.082 trillion (31 December 2013 est.)//$2.814 trillion (31 December 2012)//$2.248 trillion (31 December 2011 est.)
$1.502 trillion (31 December 2013 est.)//$1.237 trillion (31 December 2012 est.)
$1.392 trillion (31 December 2013 est.)//$1.155 trillion (31 December 2012 est.)
$5.614 billion (2013 est.)//$4.122 billion (2012 est.)
$456.4 billion (2013 est.)//$440.3 billion (2012 est.)
China 57.7%, US 8.9%, Japan 4.2% (2012 est.)
electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
$520.6 billion (2013 est.)//$501.6 billion (2012 est.)
China 44.5%, Japan 8%, Taiwan 6.8%, South Korea 5.5%, US 4.9% (2012 est.)
raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is reexported)