As one of the world’s leading international financial centres, Hong Kong’s service-oriented economyThe management of money, currency and trade of a nation. The... is characterized by its low taxation, almost free portA port where goods can be brought and stored temporarily, wi...tradeThe buying and selling or exchange of goods and services. Th... and well established international financial marketThe commercial activity of buying and selling goods and serv.... Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and pegged to the US Dollar. Interest rates are determined by the individual banks in Hong Kong to ensure it is fully market-driven. There is no officially recognised central banking system, although Hong Kong Monetary Authority functions as a financial regulatory authority. When destabilising factors are hitting the financial marketThe commercial activity of buying and selling goods and serv... of Hong Kong, they will be monitored and inspected by the Hong Kong Monetary Authority, the financial regulatory agency in Hong Kong. Electronic financeTo provide or obtain funds for a business, commercial projec... trading is evolutionarily impacting the financial marketThe commercial activity of buying and selling goods and serv... of Hong Kong.
Hong Kong is the 34th largest export economyThe management of money, currency and trade of a nation. The... in the world and the 40th most complex economyThe management of money, currency and trade of a nation. The... according to the Economic Complexity Index (ECI). In 2014, Hong Kong exported $139B and imported $543B, resulting in a negative tradeThe buying and selling or exchange of goods and services. Th... balance of $403B. In 2014 the GDP of Hong Kong was $290B and its GDP per capitaFor each person in the population. Per head. An expression o... was $55.1k.
The top exports of Hong Kong are Gold ($47.2B), Telephones ($5.73B), Jewellery ($5.26B), Integrated Circuits ($5.22B) and Broadcasting Equipment ($4.79B), using the 1992 revision of the HS (Harmonized System) classification.
Its top imports are Integrated Circuits ($71.7B), Gold ($53.5B), Telephones ($36.9B), Broadcasting Equipment ($32.4B) and Computers ($26.7B).
The top export destinations of Hong Kong are China ($63.1B), Other Asia ($10.5B), the United Arab Emirates ($4.93B), Vietnam ($4.66B) and the United States ($4.47B).
The top import origins are China ($258B), Japan ($36B), Singapore ($34.1B), the United States ($31.7B) and South Korea ($24.5B).
Singapore holds a place of 1st out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Singapore has decreased it’s ranking from 17 to 19 and country has also decreased it’s ranking from 6 to 10 in case of ‘Starting a Business’.