Population
2022: The population is 7.41 million, of which only 3.8 million are able-bodied
As of 2022, the population of Hong Kong is 7.41 million people, of which less than 3.8 million are able-bodied.
Birth rate
2025: Birth rate collapse by 14% to 31,714
Hong Kong recorded 31,714 births in 2025, down 14% from 2024, adding to the problem of an ageing population.
The authorities are trying to stimulate the birth rate with payments of 20,000 Hong Kong dollars per child and a reduction in waiting times for public housing, but so far the results remain below expected.
By 2039, the proportion of residents over 65 can reach 31% of the population.
Migration from Hong Kong and to Hong Kong
2025: Net capital of $3.8 million, including Bitcoin and Ethereum, is needed to obtain an investment visa
In February 2025, Hong Kong officially recognized Bitcoin and Ethereum as part of its investment visa program.
Claimants can now use cryptocurrencies to confirm their wealth when applying for investment immigration.
Visa applicants must prove a net capital of $3.8 million.
2019: 4.2 thousand millionaires left Hong Kong
Richest citizens
2025: 96.1 millionaires per 1,000 adults in the country
2024: Hong Kong millionaire growth forecast
Hong Kong is attracting wealthy Chinese by rolling out a "red carpet" for the wealthy, while tougher money laundering rules adopted in rival Singapore are alienating some customers.
2023: More than $3 million - the threshold for entering the number of the 1% richest people in the country
2022: Hong Kong ranks 7th in the world in terms of millionaires
2020: 2.2% decline in ultrahinets to 9,530
Long-livers
Son
2018: Average sleep duration 6 hours 56 minutes
Economy
GDP
2025: GDP size forecast - $428 billion
2022: GDP size forecast - $0.37 trillion
2021: GDP size - $0.37 trillion
2020: Record 6.1% fall in GDP
2019: First 1.2% reduction in GDP in 10 years
At the end of 2019, Hong Kong as a special administrative region of China for the first time in ten years faced negative GDP growth: the reduction was 1.2%. The local economy entered the stage of recession in the fall of 2019, which was the result of prolonged mass anti-government protests, as well as the Sino-American trade war.
Financial system
Non-financial debt
2022: Aggregate non-financial debt
Gold and foreign exchange reserves
2020: 7th place in terms of gold and foreign exchange reserves: $519,674 million for December
Banking system
2019: $1.9 trillion in accounts of foreign individuals
Unemployment
2020: Unemployment rate - 5.2%
Incomes, taxes and debts of the population
2025: Average pay after taxes - $3,619 (for March)
Average wages after taxes, according to data available for March 2025:[1]
1️⃣ Switzerland: $6,704
2️⃣ Luxembourg: $6050
3️⃣ USA : $4,338
4️⃣ Iceland: $4,182
5️⃣ Singapore: $3,818
6️⃣ Qatar: $3,800
7️⃣ Denmark: $3,729
8️⃣ Hong Kong: $3,619
9️⃣ Netherlands: $3,555
Norway: $3,489
2024
Tax increase to 16% for persons with income more than $640,000 per year
In February 2024, Hong Kong announced it was raising a tax on high-income earners for the first time in 20 years. The city is looking for ways to plug a hole in its budget.
Annual income over $640,000 will be taxed at 16%. About 12,000 people, or about 0.6% of taxpayers, will be affected by the move.
Comparison of salaries in Singapore and Hong Kong
2023
High household debt: 92% of GDP
Minimum wage - $959
Tourism
2019: How dependent Hong Kong is on tourism:% of industry in GDP
2018
Cryptocurrencies in Hong Kong
2020: Equating cryptocurrency with precious metals and jewelry
In early March 2020, it became known that Hong Kong decided to equate cryptocurrencies with precious metals and jewelry. Thus, the special administrative region of the PRC tightens the regulation of the cryptocurrency market. Read more here.
Agriculture
2022: World No. 4 for meat consumption per capita (123 kg/person)
The 4th largest per capita meat consumption in the world was in Hong Kong (123 kg/person). This is evidenced by the data for 2022 of the UN Food and Agriculture Organization (FAO), which TAdviser got acquainted with in November 2025. Read more here
Trade
2025: Russian gold supply to Hong Kong doubles to $10.5 billion
At the end of 2025, Russian gold supplies to Hong Kong increased to 92.1 tons by 82 billion Hong Kong dollars ($10.5 billion). Relative to 2024, in value terms, the indicator doubled, in kind - by 42%. This is evidenced by data from the statistics department of the Hong Kong government, released in January 2026. The import of gold from Russia to the main territory of the country increased 15 times in value terms and amounted to $3.3 billion. Most imports are in Q4 2025.[2]
2024
8th in terms of exports in the world
In 2024, the volume of world trade in goods and services reached $32.2 trillion, which is 4% more than in 2023, when a decrease of 2% was recorded. Trade in goods rose by 2%, services - by 10%. Such data are contained in the materials of the World Trade Organization (WTO), which TAdviser got acquainted with in mid-October 2025. Read more here.
Export of digital products - $49 billion
4th in the world in terms of gold trade
2023: Merchant fleet - 2.5 thousand ships
2022: Hong Kong electronics suppliers start accepting payments in rubles
Nikita Kazarinov, general director of Shuttle Logistics, said that electronics suppliers from Hong Kong recently began accepting payments from Russian companies in rubles. This became known on July 15, 2022.
He clarified that this simplifies the purchase of products for parallel imports, which mainly go through third countries, since experts recommend that all settlements on it be carried out in the national currencies of the buyer or seller. This is guaranteed to avoid problems with blocking payments in dollars or euros.
The Moscow Times clarified that with small customers, Hong Kong electronics suppliers could previously conduct settlements in rubles. Now we are talking about large orders from large companies.
 | For several years we have been purchasing iPhone, iPad and other Apple products to order through three individual entrepreneurs - and this was within 20,000 units per year - but now we see that competition from other Russian buyers has grown sharply - only our supplier in June-July shipped about 100,000 units to other individual entrepreneurs from Russia. We know that large Russian retailers are purchasing through them, "said an employee of the importing company. |  |
What should Hong Kong suppliers do with rubles? The source says that there are no problems with this, for example, they can be sold to companies in mainland China purchasing raw materials or products from Russia.
Maxim Kuznetsov, vice president of the Russian-Asian Union of Industrialists and Entrepreneurs, explained that Hong Kong is a priority place for purchasing, for example, smartphones for parallel imports, since it is a free customs port that does not have customs duties. In addition, through Hong Kong companies, you can import goods into a third country without physically importing them into this city. It was from there that many "gray" iPhones arrived in Russia before the imposition of sanctions[3].
2020
1st in the world in hair exports - $44.4 million
US names Hong Kong imports as "Made in China"
Under a new government document, the US will be obliged to label imports from Hong Kong as "Made in China," as trade tensions escalate between the two countries in 2020.
The notice, published in the US Federal Register, states that goods made in Hong Kong and imported into the US must have a label indicating that their manufacturer is. China Labeling should begin after September 25, 2020, the document says.
The Hong Kong government has protested this statement, it believes that the "unique role" of Hong Kong as a member of the World Trade Organization is ignored. The city government will discuss this decision with the United States through its office in Washington, and measures against the US decision are not excluded.
2019: Computer Device Exports
2018: Clothing exports - $14 billion
Real estate
2025
151 people died in a fire in several residential high-rises due to smoking builders
On November 26, 2025, 151 people died in a fire in Hong Kong, Bloomberg reported. About half of the victims were found in apartments.
Minutes before the fire engulfed skyscrapers in Hong Kong, workers were seen smoking while renovating the outer wall of the Wang Fu Court building.
Previously identified violations of fire safety measures were ignored by the contractor.
The investigation showed that the workers used cheap poor-quality nets and avoided safety checks: 2,300 rolls of mesh for $7 per roll covered all eight buildings, and high-quality nets were installed only at the base for inspections.
The rapid spread of fire is associated with low-quality materials and foam plates.
Police and an anti-corruption agency arrested 14 people.
Residents will receive temporary housing; the government will pay compensation.
The fire has raised concerns about compliance with security standards in Hong Kong and will lead to tougher controls on construction projects.
More than 700 firefighters worked at the site, trying to cope with the fire at the Wang Fuk Court complex, where about 4,600 residents live.
The fire was assigned the fifth level of danger - the highest in Hong Kong.
The world's highest property prices
Average price sq. m in the city center as of April 2025:
1. Hong Kong: $26 '587
2. Zurich: $24 '157
3. Singapore: $22 '211
4. Seoul: $21 '008
5. London: $20 '792
6. Geneva: $19 '256
7. Tel Aviv: $17 '976
8. New York: $17 '954
9. Beijing: $14 '502
10. Shanghai: $14 '486
Source: numbeo.com
2023: 4.4% of housing available for rent
2022
Residential property prices fall for the first time since 2008
Hong Kong house prices fell 15.6% in 2022, marking the first annual decline since 2008 - Reuters
3rd place in the number of skyscrapers above 200 meters: 94
2021: Residential property construction growth
2020:4 skyscrapers built in Hong Kong in a year
1993: Demolition of Kowloon District, run by triads
From the 1950s to the 1970s, the fortress city of Kowloon (one of the districts of Hong Kong) was controlled by triads, and prostitution, gambling and drug trafficking flourished in it.
In January 1987, the Hong Kong government announced plans to demolish the walled city.
Demolition began in March 1993 and ended in April 1994, in December 1995 the park of the same name was opened on this site.
R&D
2020: R&D spending - $3bn
Energy carriers
2025: Gasoline cost - $3.07 per litre
2021: Gasoline price - $2.56 per litre
Businessmen
2022: Boom in company registrations with the word "Russia" in the title
The number of companies registered in Hong Kong with the word "Russia" in English or Chinese has almost tripled between the end of February and October 2022, according to the Hong Kong news portal HK01, citing a study by Liber Research Community (LRC).
From February 24 to October 10, 2022, 35 companies were registered with this kind of name, when during the same period of 2021 there were only 13 of them.
2020: 6th in the world in the number of billionaires - 66
Health care
2018: E-cigarette ban
In October 2018, Hong Kong authorities completely banned e-cigarettes following 27 other countries that imposed a similar ban on the recommendation of the World Health Organization (WHO). Sales and use restrictions apply to all electronic devices that use tobacco, including those that allow smokeless smoking. Read more here.
History
2024: Hong Kong will now be jailed for feeding pigeons
At the end of July 2024, it became known that Hong Kong will now be imprisoned for feeding pigeons. The maximum penalty is a year in prison. A fine of up to 100 thousand Hong Kong dollars ($12.8 thousand) is also provided.
The new measures are aimed at further curbing wildlife feeding as well as maintaining ecological balance, the Hong Kong government's Department of Agriculture, Fisheries and Conservation said. The agency launched a special campaign to raise awareness of the population and tourists about the consequences of feeding wild animals and street pigeons, as well as new penalties.
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1972
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1895
Notes
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