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In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
The Census and Statistics Department (C&SD; Chinese: 政府統計處) is the provider of major social and economic official statistics in Hong Kong. It is also responsible for conducting Population Census and By-census in Hong Kong since 1971.
After its defeat and economic collapse after the war, Japan's economy recovered in the 1950s with the post-war economic miracle in which ushered in three decades of unprecedented growth and propelled the country into the world's second-largest economy by the 1980s only to experience an economic slowdown during the 1990s, but Japan nonetheless ...
The East Asian model, [1] pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea, Hong Kong and ...
Hong Kong’s economy has struggled to regain momentum since it reopened after more than two years of self-imposed Covid isolation. In 2023, its GDP grew 3.2%, thanks to a low base in 2022, but it ...
The Office of the Government Economist (OGE), formerly known as the Economic Analysis and Business Facilitation Unit, of the Hong Kong government was formed under the Financial Secretary's Office on 1 June 2004, when the HKSAR Government merged the Economic Analysis Division (under the Financial Services Branch of the Financial Services and the Treasury Bureau) and the Business Facilitation ...
Hong Kong managed to maintain its increasing manufacturing rate while diversifying manufacturing. In the 1970s, Hong Kong's factories increased from 16,500 to 22,200. The number of workers increased from 549,000 to 871,000. The value of exports increased from $1,234,700,000 to $5,591,200,000, and increased by 18.18% every year. [22]
The GFCI is a ranking of the competitiveness of financial centres based on a number of existing indices in combination with a regular survey of senior industry figures from around the world. Hong Kong ranked third behind New York and London. IT industry competitiveness index [21] Economist Intelligence Unit: 21/64 countries