Hong Kong (China SAR) PESTLE Insights - A Macroeconomic Outlook Report

Hong Kong (China SAR) PESTLE Insights - A Macroeconomic Outlook Report

Summary

Financial intermediation, real estate, and business activities contributed 30.4% to the gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (21.1%), and transport, storage, and communications (11.0%). In nominal terms, all three sectors are expected to grow by 6.0% each in 2023.

The major regions of Hong Kong (China SAR) are Hong Kong (China SAR) Island and Kowloon, which contain most of the economic activity and population.

Overall, the HSI Index exhibited a declining trend over the past year. As of August 29, 2023, the index stood at 18,484.0, compared to 20,023.2 on August 29, 2022.

Scope

• Hong Kong (China SAR) plans to construct a Wang Tong River Bridge in Mui Wo, with a cost of $12.7 million, to expand river crossing and improve traffic safety by 2024.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.