Finance of Hong Kong
The minimum monthly wage in Hong Kong is 720 USD. Hong Kong has a government debt of 19.3% of the country's Gross Domestic Product (GDP), as assessed in 2013. With regard to consumer prices, the inflation rate in Hong Kong is 4.4%. The currency of Hong Kong is Hong Kong dollar. The plural form of the word Hong Kong dollar is dollars. The symbol used for this currency is $, and it is abbreviated as HKD. The Hong Kong dollar is divided into cent; there are 100 in one dollar. Each year, consumers spend around $181,089 million. The ratio of consumer spending to GDP in Hong Kong is 0.07%, and the ratio of consumer spending to the world consumer market is 42%. The corporate tax in Hong Kong is set at 16.5%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. VAT in Hong Kong is 0%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Hong Kong is $400,362 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Hong Kong was last recorded at $53,892,595. PPP in Hong Kong is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Hong Kong is 274,027 billion. Based on this statistic, Hong Kong is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Hong Kong. The Gross Domestic Product (GDP) per capita in Hong Kong was last recorded at $36,886,683. The average citizen in Hong Kong has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Hong Kong averaged 3% in 2014. According to this percentage, Hong Kong is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.