Hong Kong SAR, China

Hong Kong is close to a pure services economy: as of 2024, services made up 91.5% of output, industry 6.2% and manufacturing just 0.9%, with agriculture at 0.0%. Hong Kong records GDP per capita of US$56,983, 21st in the world, and 18th on a PPP basis.

It held 40th place in 2025, between Romania and South Africa. US$ GDP rose 4.6% to US$427.3 billion, with real growth of +3.5%. Inflation stood at 1.4% and unemployment at 2.8%, while government gross debt is a low 12.1% of GDP. With 7.5 million people, the economy is about the size of the Phoenix, AZ metro area.

The ranking has drifted over the long run. Hong Kong stood 26th in 2000, with GDP of US$171.7 billion, and has grown 2.5 times in dollar terms since. The IMF projects GDP of US$544.2 billion by 2030, a +27% rise, though its forecast ranking slips to 42nd.