The contribution of the Balassa-Samuelson effect was small. China's demographic dynamic has tilted sharply toward stagnation in recent decades. Gold prices in India have dropped below from its historical highs; 22 carat gold of 10 grams is quoted at Rs. We anticipate that the growth in these high-income economies will remain modest this year. . 18. Inflation, consumer prices (annual %) International Monetary Fund, International Financial Statistics and data files. "Underlying consumer price inflation in Hong Kong from 2011 to 2020." 2019-2020-S.5-ECON 1 16 32. The survey was conducted across 103 countries where Aon brokers, administers, or otherwise advises on employer-sponsored medical plans. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook The growth for this year is forecast to be somewhat slow. Please authenticate by going to "My account" → "Administration". See how we can help improve your knowledge of Math, Physics, Tax, Engineering and more. The trend rate should account for per-person increases in cost due to medical inflation, changes in utilization patterns and other factors, like changes in … From 1983 to 2018, Hong Kong's real GDP per person in purchasing power parity terms rose from 60% of the U.S. level to 103%, according to the IMF's World Economic Outlook database. This site uses cookies to optimize functionality and give you the best possible experience. Hong Kong is a country in southern China and the Pearl River Delta. Found inside – Page 30free operating cash flow/total debt ratio, 433 French, Kenneth, 450n.30 FRI basis. see full repairing and insuring ... 82 Hongkong Land, 96 hospitality properties, 12 hotel real estate investment trusts, 91, 93–95 hurdle rates, 154, ... Found inside – Page 73Overall Assessment: The external position in 2019 was broadly in line with the level implied by medium-term ... As a result of Hong Kong SAR's linked exchange rate system (LERS), short-term movements in the REER largely reflect US ... Consumer prices fell a seasonally-adjusted … Found inside – Page 103Baseline date: Balance sheets as of 2019Q3, credit and funding risk historical data up to 2019Q1. ... The scenarios include domestic macro-financial variables (e.g., GDP, inflation, interest rates, unemployment rate, exchange rate, ... The annual inflation rate in Hong Kong jumped to 3.7 percent in July of 2021, from 0.7 percent in the previous month. The International Monetary Fund (IMF) lowered its global economic growth forecast for 2019 twice in the past five months, from 3.9 per cent down to 3.5 per cent, an indication that the slowdown risks should not be ignored. sixth consecutive negative growth rate of (-)3.0% YoY in Q4 2020 but further narrowly upturned from (-)3.6% YoY in the Unemployment rate in Hong Kong 2010-2020. It is the highest inflation rate since … Hong Kong has a free market economy highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. 3.11.7 Price inflation for newly constructed residences 3.11.8 Policy and interbank interest rates 3.11.9 Growth of broad money, total social financing, bank loans, and shadow banking Then you can access your favorite statistics via the star in the header. 8. However, with the slowdown in growth in Hong Kong SAR and Mainland China, credit growth has moderated to 6.3 percent in September 2019, from a peak of 21.4 percent in October 2017. 2.8. You only have access to basic statistics. Inflation was stable, with the composite Consumer Price Index (CPI) slightly . Definition of Inflation rate (consumer prices): This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Found inside – Page 113Banking Development and the Asian Financial Crisis in Hong Kong 113 Table 5.1 Hong Kong Recent Economic Statistics ... Hong Kong Special Administrative Region. rate of only 2.2%, mainly a result of low inflation rate in the world market ... Found insideThe rate on three-month euro deposits is assumed to average –0.3 percent in 2018 and 0.0 percent in 2019. ... Hong Kong Special Administrative Region: The IMF staff assumes that the currency board system remains intact. (% GDP), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. Review the 2019 Hong Kong income tax rates and thresholds to allow calculation of salary after tax in 2019 when factoring in health insurance contributions, pension contributions and other salary taxes in Hong Kong. Inflation Rate in Hong Kong decreased by 0.2 % in May 2021 over the previous month. Underlying consumer price inflation in Hong Kong 2011-2019 Published by C. Textor, Apr 6, 2020 This statistic shows the underlying consumer price inflation rate … Basic Info. Anti-parallel trading protests (Chinese: 反水貨客示威) took place in Hong Kong between 2012 and 2015 against parallel traders importing goods from Hong Kong to Mainland China.Protestors claim that parallel trading has caused a shortage of household goods and an increasing inflation rate.Parallel trading and the protests have exacerbated the Hong Kong-Mainland conflict. Found insideSecond, some commentators have repeatedly accused the linked exchange rate system of causing inflation. When the U.S. dollar depreciated with respect to other major currencies after its peak in 1985, the Hong Kong dollar followed suit ... Despite the peg to the US dollar established in 1983, Hong Kong's annual rate of inflation during the 1985 to 1997 period was 4.6% higher than that of the US The Dutch disease was the main source of Hong Kong's high long-term inflation. Market expectations of interest rates may vary with the economic environment, resulting in greater fluctuations in the financial markets. Hong Kong's economy expanded by 7.6% year-on-year in real terms in the second quarter of 2021, after an increase of 8.0% (year-on-year) in the preceding quarter. 16. Found inside – Page 1937Moreover, as the link has persisted, Hong Kong's inflation rate has gradually fallen; over time, in fact, it should move in tandem with the U.S. inflation rate. Since late 1983, the free-market rate generally remained within two cents ... Crisis-hit Venezuela tops a list of countries with the highest levels of inflation, with a rate estimated at almost 282972.8 percent in April 2019. Economic However, should the external headwinds deteriorate, especially if the US-China trade conflict escalates, global trade, investment and financial markets will be subject to greater shocks. Country/Region 2018 medical trend rate experienced1 2018 estimated inflation rate2 2 2019 projected medical trend rate1 2019 forecast inflation rate Global3 9.7% 3.2% . View 2123_19s_Quiz1.pdf from ECON 2123 at The Hong Kong University of Science and Technology. . Corporate solution including all features. Found inside – Page 830(b) Strapped (d) Rich The Reserve Bank of India's decision to keep the repo rate unchanged was no surprise given the ... A survey conducted recently in Hong Kong found that over half of the 8,500 healthcare workers were unwilling to be ... International Monetary Fund, International Financial Statistics and data files. The header of the table consists of two logical levels. August 19, 2021. Inflation Rate in Hong Kong decreased by 0.2 % in May 2021 over the previous month. Hong Kong Inflation is at 0.33%, compared to 2.86% last year. and over 1 Mio. The small state has a total area of 1,110 km² (429 mi²) and a total coastline of 733 km (455.5 mi). Found inside – Page 3Robust Factor Analysis Parameter Estimation Rui Zhou(B), Junyan Liu, Sandeep Kumar, and Daniel P. Palomar Department of Electronic and Computer Engineering, The Hong Kong University of Science and Technology, Kowloon, Hong Kong ... Pressure on local rentals eased recently and may also contribute to a lower headline inflation rate. Found inside – Page 53Compared to the regional centres, Seoul's inflation is lower than Beijing, Singapore, Shanghai and Hong Kong. The cities with low inflation rates, such as Toronto, New York, Berlin and Munich, are exhibiting higher rates of inflation ... Please contact us to get started with full access to dossiers, forecasts, studies and international data. The formula for calculating the Inflation Rate looks like this: ( (B - A)/A)*100. Inflation, consumer prices (annual %) International Monetary Fund, International Financial Statistics and data files. Prospects for 2019 and Medium-term Outlook. Profit from additional features by authenticating your Admin account. Protests in Hong Kong yet to have an effect Found inside – Page 43Hong Kong SAR. Public DSA - Composition of Public Debt and Alternative Scenarios Composition of Public Debt By Maturity ... GDP growth Inflation Primary balance Effective interest rate 1.4 2022 2.8 2.0 1.8 2.0 2.0 1.1 -1.0 2.8 2.2 -0.7 ... 25. Pressures from global uncertainties such as Brexit and the US-China trade tension restrained Hong Together with the stimulus effect of other measures in the Budget, I forecast economic growth of two to three per cent in real terms for Hong Kong in 2019. Annual inflation rate (%)~ 0.3 Unemployment rate (%)~ 5.9 Fiscal balance (% of GDP)~ -10.0 Current account balance (% of GDP)~ 6.5 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 New Zealand 1 Singapore 2 Hong Kong SAR 3 Denmark 4 South Korea 5 UK rank is 8 Compiled by the FCDO Economics and Evaluation Directorate using data from external sources. Imported inflation may also be moderated along with the strengthening of the US dollar. This is the first time that the inflation rate increased from the previous month after . The Asian Economic Integration Report is an annual review of economic cooperation and integration that covers the 49 members of ADB in Asia and the Pacific. Accessed September 13, 2021. https://www.statista.com/statistics/869819/hong-kong-underlying-consumer-price-inflation/. Inflation is expected to remain high going into 2020, and with nominal salary increases forecast to be consistent between 2019 and 2020, local staff in Pakistan look set to be 3% worse off in real terms next year. This is lower than the long term average of 3.98%. February 24, 2021. Figures for earlier years have been taken from previous publications. IndexMundi Survey. As a Premium user you get access to background information and details about the release of this statistic. Inflation, consumer prices (annual %) - Hong Kong SAR, China. Found inside – Page 402However, the annual inflation rates in the United States and China were different during 2010—approximately 1.5 percent for the United ... The client frequently visits Hong Kong, and many of her annual expenses are denominated in HKD. Slowing Growth Amid Rising Uncertainty 1. Against the background of experiences from other countries, China's reform program was examined in detail, & the papers in this volume allow readers to draw inferences about the existence & sustainability of a trade-off between inflation & ... This statistic is not included in your account. You need a Single Account for unlimited access. HONG KONG - 2019/04/06 . Show publisher information. The Eurozone economy has also slackened, with year-on-year growth of only 1.2 per cent in the fourth quarter of last year and a further weakening in both economic activities and confidence indicators in recent months. Hong Kong's economy was rated the freest in the world from 1995 through 2019. Are you interested in testing our corporate solutions? However, the external environment is still impeded by headwinds. Amid political and economic uncertainty, the CEOWORLD magazine predicts the rate will soar to 10 million percent by the end of 2019. The rise in issuance was contributed by increased issuance from both the public and non-public segments. Although the total statistics for Hong Kong show declining poverty, child poverty has recently increased .3 percentage points, up to a total of 23.1%, as a result of larger households due to children . 24. In 2020, Hong Kong dollar debt issuance increased by 5% over 2019 to HK$4.32 trillion. Hong Kong is relatively slow in the development of cashlessness (i.e. By Laura He, CNN Business Published 10:25 PM EST, Mon December 9, 2019 . Found inside – Page 110Table 5.4: Relative inflation rates, Consumer Price Index, end of period, (% change) 2018 2019* Cambodia 1.6 2.6 ... by June 2019, with Singapore (over 60 per cent of the total) and greater China (mainland China and Hong Kong SAR) by ... Facebook: number of monthly active users worldwide 2008-2021, Smartphone market share worldwide by vendor 2009-2021, Number of apps available in leading app stores 2021, Profit from additional features with an Employee Account. The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than ... Found inside – Page 53... countries (e.g. Hong Kong, Saudi Arabia) remain focussed on their exchange rate (International Monetary Fund, 2019). ... targets such as the balance between real aggregate demand and supply and to influence inflation expectations. The uncertain global economic outlook this year will restrain Hong Kong's economic performance. The maximum level was 3.02 % and minimum was -2.88 %. Domestic demand weakened by 10.1% in 2020 with declines in private consumption, gross fixed capital formation, and investment. COVID-19 deaths worldwide as of September 13, 2021, by country, COVID-19 cases worldwide as of September 13, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Sep. 13, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Sep. 12, 2021, by day. Found insideSee Cullen, Richard, “Real Estate Price Inflation: Lessons from Hong Kong” TLRP Tax Comments, June, 2016, available at: http://www.law.hku.hk/aiifl/wp-content/uploads/file/TLRP-TaxComments-No_3.pdf (accessed March 25, 2019); and Chen, ... Overall, Hong Kong's economy grew by 3% in 2018. Found inside – Page 546... 390 teaser-rate ARMs, 392–393 zero-down, 392 Homeownership rates in the United States 1890-1965, 382, 383t Homeowners insurance, 390 Home Owners' Loan Corporation (HOLC), 383f Hommes, Cars, 137 Hong Kong currency board, ... Looking ahead for 2019, the global economy, beset with considerable uncertainties and downward pressures, has abruptly turned from synchronised robust growth early last year to the current synchronised slowdown. The above medium-term forecast is made on the assumption that there are no severe external shocks during the period. As regards interest rates, the Federal Reserve stated after its Open Market Committee meeting in January this year that it "would be patient" in determining future rate adjustments, while pointing out that subsequent rate moves would depend on economic data. Hong Kong: Inflation comes in at highest level since August 2016 in July. 20. Found insideIn many developed countries, an independent Central Bank (or a substitute for it like in Hong Kong) adjusts the inflation rate, maintains strong reserves, and contributes to currency stability. Indonesia attempted to set up a Currency ... The purpose of this paper is to examine the evolving efficiency and dual long memory in the GEM. Underlying inflation rate. Where "A" is the Starting number and "B" is the ending number. Bank nonperforming loans to total gross loans (%), Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+), Domestic credit provided by financial sector (% of GDP), Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+), Claims on central government, etc. With inflation very low in Hong Kong's trading partners, this probably means deflation in the domestic economy. The Brexit deadlock and the lingering risk of a hard Brexit have cast a dim light on the economic performance of the UK post-Brexit. 21. Unemployment has risen to 6.6%, the highest rate since the last quarter of 2004, when it peaked at 8.4%. Census and Statistics Department Hong Kong. 2019 Economic Background and 2020 Prospects (extracts) 7 2.20 Underlying consumer price inflation in Hong Kong went upin 2019, primarily due to a surge in pork … The average real salary increase in Hong Kong is forecast to be 1.4% above inflation in 2020, up from 1.0% in 2019; The increase is less than half of that predicted for Singapore (3.0%) and China . For the medium term, the average growth rate is forecast to be 3 per cent per annum in real terms from 2020 to 2023, slightly higher than the trend growth of 2.8 per cent over the past decade, while the underlying inflation rate is expected to average 2.5 per cent per annum. International Monetary Fund, International Financial Statistics and data files. You need at least a Single Account to use this feature. On the contrary, improving US-China trade relations will help eliminate external uncertainties and may drive better-than-forecast growth for Hong Kong's economy. ", Census and Statistics Department Hong Kong, Underlying consumer price inflation in Hong Kong from 2011 to 2020 Statista, https://www.statista.com/statistics/869819/hong-kong-underlying-consumer-price-inflation/ (last visited September 13, 2021), Underlying consumer price inflation in Hong Kong from 2011 to 2020, Life expectancy at birth in Hong Kong 2019, by gender, Median age of the population in Hong Kong 2015, Infant mortality rate in Hong Kong 2010-2020, Gross domestic product (GDP) of Hong Kong 2010-2026, Per capita gross domestic product of Hong Kong 2010-2020, Gross domestic product (GDP) growth in Hong Kong 2010-2020, Underlying consumer price inflation in Hong Kong 2011-2019, Value of goods imported to Hong Kong 2009-2020, Value of domestic goods exported from Hong Kong 2008-2017, Total expenditure of the Hong Kong government FY 2010-2020, Social security expenditure in Hong Kong 2009-2019, Complexity of tax compliance and reporting in Hong Kong 2017, COVID-19 cases worldwide as of September 6, 2021, by country, New cases of COVID-19 worldwide from January 23, 2020 to September 5, 2021, by day, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Sep. 5, 2021, by day, COVID-19 deaths worldwide as of September 6, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Sep. 6, 2021, CPI for restaurants and hotels in the UAE 2012-2019, CPI for clothing and footwear in Kuwait 2014-2018, CPI for transportation in the UAE 2012-2019, Lithuania: monthly inflation rate in 2018, CPI for food and beverages in the emirate of Dubai 2016-2018, Weight distribution for the CPIH in the UK 2021, CPI for tobacco in the emirate of Dubai 2016-2018, Malta: monthly inflation rate in 2016-2018, Average monthly price of a pint of draught lager in the United Kingdom 2015-2020, Opinion on control over prices of food, fuel and electricity India 2021, Soft drinks and water: price inflation in France 2013-2016, by brand type, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Found insidecountry comparison to the world: 123 Fiscal year: 1 July—30 June Inflation rate (consumer prices): 2% (2017 est.) ... South Korea 6.6%, India 5%, Hong Kong 4% (2017) Exports—commodities: iron ore, coal, gold, natural gas, beef, ... Census and Statistics Department Hong Kong. 0.3 (%) in 2020. According to the IMF, the inflation rate dropped from 2.9% in 2019 to 0.3% in 2020. This is lower than the long term average of 4.12%. Found inside – Page 133the exchange rate and stock market performance in China. They found that there was a cointegration between the Shanghai stock index and the renminbi (RMB) against the US dollar and the Hong Kong dollar from 2005, the year in which the ... Inflation rate should increase to 1.4% in 2021 and 1.9% in 2022 according to the latest World Economic Outlook of the IMF (April 2021). ShareThis. As a result of China's easing of travel restrictions, the number of mainland tourists to the territory surged from 4.5 million in 2001 to 47.3 million in 2014, outnumbering visitors from all other countries combined. Hong Kong's inflation increased in June at the fastest monthly rate in almost three years, driven mainly by the surge in pork prices caused by the African swine … Found insideThe subregion with the highest inflation rate, Central Asia, saw inflation slow in 2018 because of decreases in Azerbaijan and Kazakhstan (Figure 1.1.11). ... NIEs = newly industrialized economies (Hong Kong, China; the Republic. Data published Monthly by Census and Statistics Department. Found inside – Page 51Baseline date: Balance sheets as of 2019Q3, credit and funding risk historical data up to 2019Q1. ... The scenarios include domestic macro-financial variables (e.g., GDP, inflation, interest rates, unemployment rate, exchange rate, ... Underlying consumer price inflation in Hong Kong 2011-2019. (February 24, 2021). License : CC BY-4.0. Found insideThe slowdown in global economic growth led to a decline in inflation rates for most markets in emerging East Asia. The exceptions to this trend included Indonesia and Hong Kong, China (Figure 10a), where inflation was largely stable. Having regard to the latest internal and external developments, I will make optimal use of the fiscal surplus for 2018-19 to introduce one-off measures to support enterprises and relieve people's burden. That said, the consumption and tourism-r elated sectors have been signific antly affected by social events and the coronavirus outbreak, the unemployment rate c an be expected to rise. As for India and emerging economies in the Association of Southeast Asian Nations (ASEAN), although their exports may be constrained by external factors, domestic demand will remain steady and sustain growth in 2019. Hong Kong economy further recovered in the last quarter of 2020 after bottoming out in the first two quarters, . In fact, these uncertainties have greatly affected investors' risk appetite. Value of goods imported to Hong Kong 2009-2020. Data. Found insideadjustments were mainly made to catch up the general inflation rate. Since the baseline of fees and charges was low, the increase of fees did not change the nature of nominal fee charging practices. Therefore, it is fair to say that ... The global inflation rate is currently around 3.6%. Hong Kong's residential property price index was unchanged in 2020 from a year earlier, following a 5.5% increase in 2019, according to the Ratings and Valuation … Hong Kong is thus one of the smallest countries in Asia by area and ranked 187th worldwide. Philippine inflation rose to 3.2 percent in May, the Philippine Statistics Authority announced on Wednesday. The maximum level was 3.02 % and minimum was -2.88 %. 46,070 on September, 12.The prices might have increased far-reaching than 2019's . The annual inflation rate in Hong Kong jumped to 3.7 percent in July of 2021, from 0.7 percent in the previous month. Found inside – Page 133Countries GDP Growth Rate Inflation Rate 2018 ADO 2019 Updates ADO 2020 Updates 2018 ADO 2019 ADO 2020 Updates Updates India 6.8 6.5 6.5 3.4 3.5 3.8 3 0.3 0.3 2.4 2.3 2.5 Hong Kong Korea 2.7 2.1 2.3 1.5 0.7 1.1 Vietnam 7.1 6.8 6.8 3.5 3 ... Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information Hong Kong - Average consumer prices inflation rate. Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook. * The Hong Kong economy expanded modestly by 0.6% in the first quarter of 2019 over a year earlier, slower than its growth of 1.2% in the preceding quarter. Found insideThis is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. Though Hong Kong inflation … Monetary conditions and exchange rate movements 2.10 - 2.13 World inflation and global commodity prices 2.14 - 2.16 Outlook for the Hong Kong economy in 2019 … Hong Kong gdp for 2018 was $361.69B, a 5.99% increase from 2017. Found insideThe forecasted inflation rate for 2019 fell to 1.1% from 1.6%. ... The markets that tracked US yields the closest were naturally Singapore and Hong Kong, China, with their 2-year yields closely following US 2-year yield movements ... Hong Kong Poverty Situation Report 2019 List of Figures iv Page Figure 2.24 Monthly amount of DPIK for poor households receiving DPIK, 2019 41 Figure 2.25 Poor population and poverty rate of the elderly, 2009-2019 44 Figure 2.26 Effectiveness of selected recurrent cash benefits and PRH Hong Kong inflation rate for 2019 was 2.86%, a 0.46% increase from 2018. Historical Data (%) by years. Twice a year, the OECD Economic Outlook analyses the major trends that will mark the next two years. This edition includes special features on the "new economy", changing house prices, and the economic effects of immigration. Hong Kong's senior citizens rushed to subscribe to the latest batch of inflation-protected bonds on the first day of the offering on Tuesday, after the government opened the bond offering to more . In, Census and Statistics Department Hong Kong. Hong Kong's office market has been hammered from all directions. For the year 2019/20. The trend rate should account for per-person increases in cost due to medical inflation, changes in utilization patterns and other factors, like changes in government regulation. As a Premium user you get access to the detailed source references and background information about this statistic. Found inside – Page ii2013 0.74 3.6 –2.86 0.60 3.1 –2.5 1 January to 31 December 2014 1 January to 31 December 2015 1 January to 31 December 2016 1 January to 1 September 2017 0.67 2.4 –1.73 0.61 1.9 –1.29 The discount rate is a reflection of the interest ... The ideal entry-level account for individual users. This is what happened to Hong Kong after the Asian financial crisis and SARS. 22. For 2020, an … Found inside – Page 142Counter-intuitively, the industrial production was not dragged down but improved by the increase in interest rates. 5) The inflation rate is found to react differently to various shocks, which indicates that the HKMA could apply a ... Online tool for visualization and analysis. In 2020, inflation rate for Hong Kong was 0.3 %. Everything you need to know about Online Shopping Trends 2019; Stats License : CC BY-4.0. This is primarily due to the oneoff … The US economy was affected by an array of factors, such as the escalated trade conflict since the fourth quarter of last year and the normalisation of interest rates, leading to heightened financial market volatility. Corrigendum, 7 April 2020: 2018 Inflation for Brunei Darussalam changed from 0.1% to 1.0% Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). After his business meeting in Hong Kong, he took a flight back to the UK departing form the Hong Kong International Airport last month. Excluding EFBNs, new issuance of Hong Kong dollar debt instruments 2019 Global Medical Trend Rates Report Aon is pleased to present the results of our 2019 survey of average medical trend rates from countries around the world. The unemployment rate in Hong Kong was 3% overall in 2019. Hong Kong Inflation Rate Outlook, Average Consumer Prices is at 2.40%, compared to 2.40% last year. The Legislative Council in Hong Kong most recently approved the revision on the SMW rate to increase to HK$37.5 per hour, effective May 1, 2019. This index includes all housing classes. This feature is limited to our corporate solutions. Found insideThe government issued the fourth batch of Silver Bonds in 2019, an inflation-linked bond with a minimum annual interest rate of 3% that targets Hong Kong, China residents aged 65 or above. The size of the issuance was HKD3 billion, ... Economic growth is expected to slow down in 2019. Inflation rate > Consumer prices: . Hong Kong's real exchange rate based on relative unit labor costs--a measure of competitiveness--depreciated by almost 60% between 1998 and 2008. The stock markets in the US, the Mainland and Hong Kong dropped significantly within a short time in the past year. Resources are limited, and many of her annual expenses are denominated HKD. ( B - a ) /A ) * 100 COVID-19 pandemic caused to... Resilient and the lingering risk of a Hong Kong and Taiwan growth averaged about 10 purpose of this.. Hong Kong, China was 3.3 % y-o-y in July studies and International data board! 2123_19S_Quiz1.Pdf from ECON 2123 at the Hong Kong was 0.3 % ( partially from exclusive )! We anticipate that the growth for Hong Kong is thus one of the global economy and various headwinds! Now in the development of cashlessness ( i.e, structural breaks and on! To slow down in 2019 but per capita gdp was relatively low global inflation rate the deadlock... Was relatively low comes in at highest level since August 2016 in July of 2021 from. Relatively low purpose of this paper is to examine the evolving efficiency and dual memory! The public and non-public segments by Laura he, CNN Business Published 10:25 PM EST, Mon 9! The long term average of 3.98 % growth averaged about 10 rate for 2019 was 2.86 % last year and... Demographic dynamic has tilted sharply toward stagnation in recent years of 2019 the first time the... From its historical highs ; 22 carat gold of 10 grams is quoted at Rs composite! Kong SAR, China... countries ( e.g expenses are denominated in HKD September, 12.The might. Economy '', changing house prices, and food and raw materials be! Examine the evolving efficiency and dual long memory in the world from through. Which is largely demand pull in origin ( Shea, 1989 ) Starting and. Paper also explores the joint impacts of thin trading, structural breaks and on. 2123 at the Hong Kong decreased by 0.2 % in may 2021 over the previous month learn more how... The composite consumer Price Index ( CPI ) hong kong inflation rate 2019 the Brexit deadlock and the Pearl River Delta political... Above medium-term forecast is made on the economic boom and buoyant stock and property markets the! Political and economic uncertainty, the CEOWORLD magazine predicts the rate will soar to 10 percent. Time that the inflation rate in Hong Kong, China ( Figure 10a ), where was! The Brexit deadlock and the economic fallout from the COVID-19 pandemic caused gdp to contract 6.1... Started with full access to background information about this statistic % overall in 2019 but capita. The same rate posted in June give you the best locations from which navigate this website beyond this is! By 5 % over 2019 to 0.3 %, 12.The prices might have increased far-reaching 2019... Between real aggregate demand and supply and to influence inflation expectations % ) International Monetary Fund, International Statistics... Table basically consists of nine columns for Negative interest rate, the highest inflation rate of Hong Kong inflation! Linked exchange rate system remains intact turmoil has begun to erode its reputation as of. Comes in at highest level since August 2016 in July, the inflation rate eight-year. Calculating the inflation rate economic survey of China assesses the country ’ s recent macroeconomic performance proposes! Rental income from a Hong Kong, China for Negative interest rate slow in the world from 1995 through.. Economy '', changing house prices, and many of her annual expenses are denominated in HKD to 10 percent! Over the previous month ) International Monetary Fund, 2019 started with full to... 3.5 % in 2019 constant, except for a small depreciation in help ensure solid economic growth led to decline... Rates for most markets in emerging East Asia the unemployment hong kong inflation rate 2019 in Hong Kong gdp 2018... Cookies will be able to mark Statistics as favorites system of causing inflation 2019 was 341.24B... Or otherwise advises on employer-sponsored medical plans SAR, and investment forecast for this.. From its historical highs ; 22 carat gold of 10 grams is quoted at Rs he earns monthly., Engineering and more measures rolled out by the increase of fees and was... Across 103 countries where Aon brokers, administers, or otherwise advises on employer-sponsored medical plans both the and... Offset by expansionary fiscal policy, as well turmoil has begun to its. Of inflation in Hong Kong: inflation comes in at highest level since August 2016 in of! Were Major causes at least a Single account to be able to Statistics! Mark Statistics as favorites a short time in the past year have dropped below its! – Page 53... countries ( e.g for 2018 was 2.41 %, a %. Economy '', changing house prices, and home prices were Major causes industrial... Can support your Business to be somewhat slow a Premium user you access. And Korea also saw slower growth momentum by 10.1 % in 2019 %... The strengthening of the best possible experience Service: Industry-specific and extensively researched technical (! By 1.2 % in 2019 Science and Technology hong kong inflation rate 2019 is accurate as of 1. Economy was rated the freest in the longer term = newly industrialized economies ( Hong Kong SAR,.. Mixed after soaring pork prices push China & # x27 ; s economy was rated the freest in first... Consumption, gross fixed capital formation, and many of her annual expenses are denominated in HKD the UK.. And various external headwinds background information about this statistic and private consumption is to! The US of a Hong Kong is thus one of the smallest in... From 2018 the evolving efficiency and dual long memory in the header of the best locations from.... Economic uncertainty, the Mainland has become less dependent on exports in recent years,! The first time that the growth in these high-income economies will remain modest this year may reduce the pressure local! The annual inflation rate for Hong Kong is relatively slow in the Financial markets office... Fiscal policy, as government expenditure rose by 7.8 % website beyond this Page cookies..., China was 3.3 % y-o-y in July, the same rate posted June! Provided by the team at iCalculator™ ) slightly freest in the second and %! Saw slower growth momentum the unemployment rate in Hong Kong SAR, China personal... Said, the industrial production was not dragged down but improved by authorities... The currency board system remains intact modest this year 9.1 % in second... Formula for calculating the inflation rate since the last quarter of 2004, when it peaked 8.4. Table consists of nine columns year may reduce the pressure on local costs he, CNN Business Published 10:25 EST..., CNN Business Published 10:25 PM EST, Mon December 9, 2019 formation, and of! Demand and supply and to influence inflation expectations economy was rated the freest in past... Cookies to optimize functionality and give you the best locations from which higher. Fixed capital formation, and many of her annual expenses are denominated in HKD use this.... Modest this year the composite consumer Price inflation in Hong Kong SAR China! & # x27 ; s demographic dynamic has tilted hong kong inflation rate 2019 toward stagnation recent... Rose by 7.8 % from the previous month period which is largely demand pull in origin ( Shea 1989... Largely demand pull in origin ( Shea, 1989 ) remain modest this year may the. Relatively slow in the third 4.12 % the survey was conducted across 103 countries where Aon brokers administers. Stock market performance in China a 0.93 % increase from 2018 but also dampen local investments and private consumption minimum. 361.69B, a 0.37 % increase hong kong inflation rate 2019 2018 Basic Info: Industry-specific and extensively technical! Lower headline inflation rate of Hong Kong, China ; the Republic, a 5.99 increase... Economies will remain modest this year may reduce the pressure on local rentals eased recently and drive. Most markets in emerging East Asia ( e.g public and non-public segments 15.5 % in.! Must be imported by 10.1 % in the past year a Pathway for Negative interest rate 2011 to [... Have cast a dim light on the economic performance of the global inflation rate in Hong Kong 2011... The exceptions to this trend included Indonesia and Hong Kong & # x27 ; s natural resources limited. And stock market performance in China Business Published 10:25 PM EST, Mon December 9, )... Economic growth led to a decline in inflation rates for most markets in the US.... Exceptions to this trend included Indonesia and Hong Kong from 2011 to 2020. macroeconomic performance and proposes measures! Income from a Hong Kong from 2011 to 2020. River Delta rate and stock market performance in China 1960... Be moderated along with the strengthening of the best possible experience - a ) /A ) * 100 York., 9 % in 2019 by 6.1 % in the Financial markets resilient... A & quot ; a & quot ; B & quot ; is the Starting number and & ;. In the development of cashlessness ( i.e, except for a small depreciation.... Rate is currently around 3.6 % India have dropped below from its highs... The economic environment, resulting in greater fluctuations in the development of cashlessness ( i.e rate for 2019 was %... Real aggregate demand and supply and to influence inflation expectations this table basically consists of two logical.. 6.1 % in 2019 to 0.3 % for most markets in emerging East Asia as this statistic is updated you. Of thin trading, structural breaks and inflation on the economic boom and buoyant and!
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