The economy of Hong Kong is a highly developed free-market economy characterised by low taxation, almost free port trade and well-established international financial market. In 2018, the GDP of Hong Kong is recorded at HK$2,845.3 billion with an annual growth rate of +5.9%. The GDP per capita is recorded at HK$381,870 with an annual growth rate of +5.1% (Census and Statistics Department, 2019c). Hong Kong has been classified as high-income by the World Bank (World Bank, 2019).

References:

Census and Statistics Department. (2019c). Hong Kong in Figures 2019 Edition. Hong Kong. Retrieved from https://www.statistics.gov.hk/pub/B10100062019AN19B0100.pdf

World Bank. (2019). Hong Kong SAR, China Retrieved from: https://data.worldbank.org/country/hong-kong-sar-china?view=chart