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The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
List of 31 provincial-level administrative divisions in mainland China by Nominal GDP in 2023 (billions of GDP) [1] Average exchange rate in 2023: CNY 7.0467 per USD [2] (PPP no longer included in the table for frequent changes in its index) Rank Provinces GDP (CN¥) GDP (US$) nominal growth (%) real growth (%) Share (%) China(Mainland) 126,058 ...
Economy of Hong Kong-related lists (1 C, 1 P) A. Accounting in Hong Kong (1 C, 4 P) Agriculture in Hong Kong (3 C, 6 P) B. Bamboo network (6 P) Hong Kong billionaires ...
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
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An economist at the Royal Bank of Scotland said the decline means the Japanese economy most likely declined in the second quarter. [9] Taro Aso, secretary-general of Japan's Liberal Democratic Party, said he believes Japan had entered a recession. [10] Japan's economy declined by 0.6 percent in the second quarter of 2008. [11]
The economy of East Asia comprises 1.6 billion people (20% of the world population) living in six different countries and regions. The region includes several of the world's largest and most prosperous economies: Taiwan, Japan, South Korea, China, Hong Kong, and Macau.