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The economy of the Pearl of the Orient

Hong Kong's economy is dominated by the service industry. The main industries related to trade in services include travel and tourism, trade-related services, transportation services, financial and banking services, and professional services.

As of 2005, 85.3% of people in Hong Kong were engaged in the service industry, of which 34.4% were engaged in wholesale, retail, import and export trade, catering and hotel industries; 10.5% were in the transportation, warehousing and communications industries; finance, insurance, real estate and commercial industries

The service industry accounts for 15%; community, social and personal services account for 26%; and those engaged in manufacturing account for only 5.3%.

Economic data: Hong Kong's GDP in 2011 was HK$1,890.939 billion, a year-on-year real growth of 5% and a nominal growth of 8.6%.

According to World Bank statistics, Hong Kong's per capita GDP in 2011 was US$34,457 (exchange rate calculation).

On February 24, 2012, the Forbes website analyzed the statistical data obtained based on the GDP of various countries published by the International Monetary Fund and the per capita purchasing power of 182 countries and regions, and concluded the richest countries in the world.

and regional ranking results.

The United States ranks 7th and Hong Kong ranks 6th.

Economic status Hong Kong is a capitalist economic system that pursues a free market. The focus of its economy lies in the laissez-faire policy implemented by the government.

The Free Economic System Report published by the Heritage Foundation in the United States since 1995 and the Fraser Institute in Canada since 1996 has consistently ranked Hong Kong first in the world.

In the seventh Global Financial Center Index published in March 2010, Hong Kong ranked third, behind London and New York.

In 2011, Hong Kong ranked first in the World Economic Forum's "Financial Stability Index Development Report".

And it has been rated as the freest economic system in the world for the 18th consecutive year, ranking first in the economic freedom index.

Hong Kong is the world's eleventh largest trading economic system, sixth largest foreign exchange market and fifteenth largest banking center.

Hong Kong is also a major exporter of garments, watches, toys, games, electronics and certain light industrial products, with its total export value ranking among the highest in the world.