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Compare Hong Kong (2004) - Hong Kong (2005)

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 Hong Kong (2004)Hong Kong (2005)
 Hong KongHong Kong
Age structure 0-14 years: 14.2% (male 510,702; female 465,145)


15-64 years: 73.3% (male 2,461,914; female 2,560,382)


65 years and over: 12.5% (male 394,697; female 462,285) (2004 est.)
0-14 years: 13.8% (male 498,771/female 454,252)


15-64 years: 73.5% (male 2,479,656/female 2,591,170)


65 years and over: 12.7% (male 404,308/female 470,529) (2005 est.)
Airports 4 (2003 est.) 4 (2004 est.)
Birth rate 7.23 births/1,000 population (2004 est.) 7.23 births/1,000 population (2005 est.)
Budget revenues: $26.17 billion


expenditures: $32.64 billion, including capital expenditures of $5 billion (2003)
revenues: $26.6 billion


expenditures: $31.7 billion, including capital expenditures of $5.9 billion (2004 est.)
Constitution Basic Law approved in March 1990 by China's National People's Congress is Hong Kong's "mini-constitution" Basic Law, approved in March 1990 by China's National People's Congress, is Hong Kong's "mini-constitution"
Currency Hong Kong dollar (HKD) -
Death rate 5.98 deaths/1,000 population (2004 est.) 5.98 deaths/1,000 population (2005 est.)
Debt - external $59.21 billion (2003 est.) $66.94 billion (2004 est.)
Diplomatic representation from the US chief of mission: Consul General James KEITH


consulate(s) general: 26 Garden Road, Hong Kong


mailing address: PSC 461, Box 1, FPO AP 96521-0006


telephone: [852] 2523-9011


FAX: [852] 2524-0860
chief of mission: Consul General James B. CUNNINGHAM


consulate(s) general: 26 Garden Road, Hong Kong


mailing address: PSC 461, Box 1, FPO AP 96521-0006


telephone: [852] 2523-9011


FAX: [852] 2524-0860
Economy - overview Hong Kong has a free market economy highly dependent on international trade. Natural resources are limited, and food and raw materials must be imported. Imports and exports, including reexports, each exceed GDP in dollar value. Even before Hong Kong reverted to Chinese administration on 1 July 1997 it had extensive trade and investment ties with China. Hong Kong has been further integrating its economy with China because China's growing openness to the world economy has increased competitive pressure on Hong Kong's service industries, and Hong Kong's re-export business from China is a major driver of growth. Per capita GDP compares with the level in the four big economies of Western Europe. GDP growth averaged a strong 5% in 1989-1997, but Hong Kong suffered two recessions in the past 6 years because of the Asian financial crisis in 1998 and the global downturn of 2001-2002. The Severe Acute Respiratory Syndrome (SARS) outbreak also battered Hong Kong's economy, but a boom in tourism from the mainland because of China's easing of travel restrictions, a return of consumer confidence, and a solid rise in exports resulted in the resumption of strong growth in late 2003. Hong Kong has a free market, entrepot economy, highly dependent on international trade. Natural resources are limited, and food and raw materials must be imported. Gross imports and exports (i.e., including reexports to and from third countries) each exceed GDP in dollar value. Even before Hong Kong reverted to Chinese administration on 1 July 1997, it had extensive trade and investment ties with China. Hong Kong has been further integrating its economy with China because China's growing openness to the world economy has made manufacturing in China much more cost effective. Hong Kong's reexport business to and from China is a major driver of growth. Per capita GDP is comparable to that of the four big economies of Western Europe. GDP growth averaged a strong 5% from 1989 to 1997, but Hong Kong suffered two recessions in the past six years because of the Asian financial crisis in 1998 and the global downturn in 2001 and 2002. Although the Severe Acute Respiratory Syndrome (SARS) outbreak also battered Hong Kong's economy, a boom in tourism from the mainland because of China's easing of travel restrictions, a return of consumer confidence, and a solid rise in exports resulted in the resumption of strong growth in late 2003 and in 2004.
Electricity - consumption 37.12 billion kWh (2001) 38.45 billion kWh (2003)
Electricity - exports 1.581 billion kWh (2001) 3 billion kWh (2003)
Electricity - imports 10.36 billion kWh (2001) 10.4 billion kWh (2003)
Electricity - production 30.48 billion kWh (2001) 35.51 billion kWh (2003)
Exchange rates Hong Kong dollars per US dollar - 7.7868 (2003), 7.7989 (2002), 7.7988 (2001), 7.7912 (2000), 7.7575 (1999) Hong Kong dollars per US dollar - 7.788 (2004), 7.7868 (2003), 7.7989 (2002), 7.7988 (2001), 7.7912 (2000)
Executive branch chief of state: President of China HU Jintao (since 15 March 2003)


head of government: Chief Executive TUNG Chee-hwa (since 1 July 1997)


cabinet: Executive Council consists of seven non-official members and 14 official members; including Chief Secretary Donald TSANG Yam-kuen (since 1 May 2001), Financial Secretary Henry TANG (since 2 August 2003), and Secretary of Justice Elsie LEUNG (since 1 July 1997)


elections: TUNG Chee-hwa was elected to a second term in March 2002 by an 800-member election committee dominated by pro-Beijing forces; the next election is scheduled to be held in 2007
chief of state: President of China HU Jintao (since 15 March 2003)


head of government: Chief Executive Donald TSANG (since 24 June 2005)


cabinet: Executive Council consists of seven non-official members and 14 official members


elections: previous chief executive TUNG Chee-hwa was elected to second five-year term in March 2002 by 800-member election committee dominated by pro-Beijing forces, resignation accepted 12 March 2005; Donald TSANG acted as chief executive between 12 March 2005 and 25 May 2005; Henry TANG acted as chief executive between 25 May 2005 and 24 June 2005; last election 16 June 2005 to fill final two years of TUNG's term (next to be held in June 2007)
Exports NA (2001) NA
Exports - commodities electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones electrical machinery and appliances, textiles, apparel, footwear, watches and clocks, toys, plastics, precious stones, printed material
Exports - partners China 42.6%, US 18.7%, Japan 5.4% (2003) China 44%, US 17%, Japan 5.3% (2004)
GDP purchasing power parity - $213 billion (2003 est.) -
GDP - composition by sector agriculture: 0.1%


industry: 12.1%


services: 87.9% (2003 est.)
agriculture: 0.1%


industry: 11.3%


services: 88.6% (2004 est.)
GDP - per capita purchasing power parity - $28,800 (2003 est.) purchasing power parity - $34,200 (2004 est.)
GDP - real growth rate 3.3% (2003 est.) 7.9% (2004 est.)
Heliports 2 (2003 est.) 2 (2004 est.)
Illicit drugs Makes strenuous law enforcement efforts, but faces difficult challenges in controlling transit of heroin and methamphetamine to regional and world markets; modern banking system provides a conduit for money laundering; rising indigenous use of synthetic drugs, especially among young people makes strenuous law enforcement efforts, but 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
Imports NA (2001) NA
Imports - commodities electrical machinery and appliances, textiles, foodstuffs, transport equipment, raw materials, semimanufactures, petroleum, plastics; a large share is reexported raw materials and semi-manufactures, consumer goods, capital goods, foodstuffs, fuel (most is re-exported)
Imports - partners China 43.5%, Japan 11.9%, Taiwan 6.9%, US 5.5%, Singapore 5%, South Korea 4.8% (2003) China 43.5%, Japan 12.1%, Taiwan 7.3%, US 5.3%, Singapore 5.3%, South Korea 4.8% (2004)
Industrial production growth rate -9.2% (2003 est.) 1% (2004 est.)
Infant mortality rate total: 2.97 deaths/1,000 live births


male: 3.16 deaths/1,000 live births


female: 2.77 deaths/1,000 live births (2004 est.)
total: 2.97 deaths/1,000 live births


male: 3.16 deaths/1,000 live births


female: 2.77 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices) -2.6% (2003 est.) -0.3% (2004 est.)
Labor force 3.5 million (2003 est.) 3.54 million (October 2004 est.)
Labor force - by occupation manufacturing 8.2%, construction 2.9%, wholesale and retail trade, restaurants, and hotels 43.5%, financing, insurance, and real estate 19.5%, transport and communications 7.8%, community and social services 17.8% (Note: above data exclude public sector) (2002 est.) manufacturing 7.5%, construction 2.9%, wholesale and retail trade, restaurants, and hotels 43.7%, financing, insurance, and real estate 19.2%, transport and communications 7.9%, community and social services 18.5%


note: above data exclude public sector (2004 est.)
Legislative branch unicameral Legislative Council or LEGCO (60 seats; in 2004 30 seats indirectly elected by functional constituencies, 30 elected by popular vote; members serve four-year terms)


elections: last held 12 September 2004 (next to be held in September 2008)


election results: percent of vote by party - pro-democracy group 62%; seats by party - (pro-Beijing 34) DAB 12, Liberal Party 10, independents 11, FTU 1; (pro-democracy 25) independents 11, Democratic Party 9, CTU 2, ADPL 1, Frontier Party 1, NWSC 1
unicameral Legislative Council or LEGCO (60 seats; in 2004 30 seats indirectly elected by functional constituencies, 30 elected by popular vote; members serve four-year terms)


elections: last held 12 September 2004 (next to be held in September 2008)


election results: percent of vote by party - pro-democracy group 62%; seats by party - (pro-Beijing 34) DAB 12, Liberal Party 10, independents 11, FTU 1; (pro-democracy 25) independents 11, Democratic Party 9, CTU 2, ADPL 1, Frontier Party 1, NWSC 1; other 1
Life expectancy at birth total population: 81.39 years


male: 78.72 years


female: 84.3 years (2004 est.)
total population: 81.5 years


male: 78.81 years


female: 84.41 years (2005 est.)
Merchant marine total: 663 ships (1,000 GRT or over) 20,478,042 GRT/34,554,455 DWT


by type: barge carrier 1, bulk 364, cargo 78, chemical tanker 23, combination bulk 2, combination ore/oil 3, container 97, liquefied gas 20, multi-functional large load carrier 1, petroleum tanker 60, refrigerated cargo 3, roll on/roll off 4, short-sea/passenger 1, specialized tanker 2, vehicle carrier 4


foreign-owned: Australia 2, Belgium 1, British Virgin Islands 1, China 178, Cyprus 1, Denmark 3, France 2, Germany 14, Greece 4, India 9, Indonesia 2, Japan 22, South Korea 2, Malaysia 3, Monaco 9, Norway 16, Panama 4, Philippines 17, Singapore 22, Taiwan 3, Thailand 1, United Kingdom 22, United States 1


registered in other countries: 569 (2004 est.)
total: 837 ships (1,000 GRT or over) 20,478,042 GRT/34,554,455 DWT


by type: barge carrier 1, bulk carrier 446, cargo 119, chemical tanker 44, combination ore/oil 2, container 105, liquefied gas 20, passenger 6, passenger/cargo 6, petroleum tanker 75, roll on/roll off 5, vehicle carrier 8


foreign-owned: 453 (Australia 1, Bahamas 1, Belgium 3, Canada 9, China 246, Denmark 3, France 5, Germany 13, Greece 19, India 1, Indonesia 1, Israel 1, Japan 51, Norway 16, Philippines 13, Singapore 17, South Korea 8, Taiwan 5, Thailand 4, UAE 1, United Kingdom 32, United States 3)


registered in other countries: 373 (2005)
Military branches no regular indigenous military forces; Hong Kong garrison of China's People's Liberation Army (PLA) including 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 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
Military expenditures - percent of GDP NA (FY02) NA
Military manpower - availability males age 15-49: 1,878,574 (2004 est.) -
Military manpower - fit for military service males age 15-49: 1,404,705 (2004 est.) -
Military manpower - reaching military age annually males: 41,821 (2004 est.) -
Net migration rate 5.24 migrant(s)/1,000 population (2004 est.) 5.24 migrant(s)/1,000 population (2005 est.)
Political pressure groups and leaders Chinese General Chamber of Commerce (pro-China); Chinese Manufacturers' Association of Hong Kong; Confederation of Trade Unions (pro-democracy) [LAU Chin-shek, president; LEE Cheuk-yan, general secretary]; Federation of Hong Kong Industries; Federation of Trade Unions (pro-China) [CHENG Yiu-tong, executive councilor]; Hong Kong Alliance in Support of the Patriotic Democratic Movement in China [Szeto WAH, chairman]; Hong Kong and Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber of Commerce; Hong Kong Professional Teachers' Union [CHEUNG Man-kwong, president]; The Alliance [Bernard CHAN, exco member] Chinese General Chamber of Commerce (pro-China); Chinese Manufacturers' Association of Hong Kong; Confederation of Trade Unions or CTU (pro-democracy) [LAU Chin-shek, president; 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 [Szeto WAH, chairman]; Hong Kong and Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber of Commerce; Hong Kong Professional Teachers' Union [CHEUNG Man-kwong, president]; Neighborhood and Workers' Service Center or NWSC (pro-democracy); The Alliance [Bernard CHAN, exco member]
Population 6,855,125 (July 2004 est.) 6,898,686 (July 2005 est.)
Population growth rate 0.65% (2004 est.) 0.65% (2005 est.)
Sex ratio at birth: 1.09 male(s)/female


under 15 years: 1.1 male(s)/female


15-64 years: 0.96 male(s)/female


65 years and over: 0.85 male(s)/female


total population: 0.97 male(s)/female (2004 est.)
at birth: 1.1 male(s)/female


under 15 years: 1.1 male(s)/female


15-64 years: 0.96 male(s)/female


65 years and over: 0.86 male(s)/female


total population: 0.96 male(s)/female (2005 est.)
Total fertility rate 0.91 children born/woman (2004 est.) 0.91 children born/woman (2005 est.)
Unemployment rate 7.9% (2003) 6.7% (2004 est.)
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