East Asia & Pacific · GDP rank #24

Hong Kong

HK · HKD @ 0.1276/USD

Tab 04

Economics

The macro backdrop that actually bends payment behaviour. Nominal GDP, real growth, CPI, policy rate, and FX volatility set the backdrop; interchange, MDR, FX regime, and capital-control posture set the industry-specific dynamics.

Foreign-domestic-helper population (~340k from Philippines and Indonesia) drives bulk of outbound remittance flows.

Nominal GDP

$417B

Real GDP growth

2.8%

CPI inflation

1.9%

Policy rate

4.75%

Unemployment

3.1%

30-day FX volatility

0.1%

Remittance inflows

$0.5B

Remittance outflows

$3.2B

FX posture

How the currency is managed

The FX regime and capital-control posture together determine how much of cross-border flow is priced against the interbank and how much is administratively steered.

FX regime: currency board — USD peg at 7.75-7.85 via LERS
Capital controls: none — HKD fully convertible; free capital movement

30-day currency volatility

0.0%benchmark 2.5%0.1%

Scale 0-15%. Benchmark 2.5% marks the approximate median across G10 majors.