Remittance inflows to GDP in Hong Kong
Hong Kong: Remittance inflows to GDP was 0.1% in 2020. ▲ Rising
Remittance inflows to GDP in Hong Kong, 1998–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Hong Kong recorded 0.1% for remittance inflows to gdp in 2020.
That represents a change of down 0.5% on the previous year and down 16.7% over ten years.
Over the whole period, remittance inflows to gdp in Hong Kong peaked at 0.2% in 2005 and was at its lowest, 0.1%, in 2002.
Hong Kong ranks 170th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Remittance inflows to GDP in Hong Kong, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 0.1% | — |
| 1999 | 0.1% | -13.5% |
| 2000 | 0.1% | +0.3% |
| 2001 | 0.1% | +14.3% |
| 2002 | 0.1% | -19.7% |
| 2003 | 0.1% | +2.4% |
| 2004 | 0.1% | +91.3% |
| 2005 | 0.2% | +15.2% |
| 2006 | 0.2% | -7.0% |
| 2007 | 0.1% | -1.4% |
| 2008 | 0.2% | +8.2% |
| 2009 | 0.2% | +0.3% |
| 2010 | 0.1% | -8.6% |
| 2011 | 0.1% | -4.7% |
| 2012 | 0.1% | -1.3% |
| 2013 | 0.1% | -6.4% |
| 2014 | 0.1% | -2.2% |
| 2015 | 0.1% | -2.2% |
| 2016 | 0.1% | -0.4% |
| 2017 | 0.1% | +2.8% |
| 2018 | 0.1% | -8.3% |
| 2019 | 0.1% | +5.9% |
| 2020 | 0.1% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.1% | 2 |
| 2000s | 0.1% | 0.1% | 0.2% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Hong Kong
More financial sector data for Hong Kong
- Total reserves in months of imports, annual growth rate -0.5027 % change on previous year (2023)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2023)
- Total reserves in months of imports, per capita 0 units per person (2023)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.35 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.7308 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 41,641 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.454 % change on previous year (2023)
- Reserves excluding gold (SDR), per capita 42,075 SDR per person (2023)
- Total reserves (gold at market value) (SDR), annual growth rate -0.4501 % change on previous year (2023)
- Total reserves (gold at market value) (SDR), per capita 42,088 SDR per person (2023)
Frequently asked questions
- What is remittance inflows to gdp in Hong Kong?
- Remittance inflows to gdp in Hong Kong was 0.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Hong Kong?
- The highest recorded value was 0.2% in 2005.
- What is the lowest remittance inflows to gdp recorded in Hong Kong?
- The lowest recorded value was 0.1% in 2002.
- How does Hong Kong rank for remittance inflows to gdp?
- Hong Kong ranks 170th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Hong Kong?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is rising.
- Where does this Hong Kong data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.