"The City that Means Business" Quick Navigator  1. The World's Freest Economy  2. Constitutional Guarantees  3. Small Government  4. Simple Tax Regime  5. Economic Outlook  6. Int'l Business Hub  7. Launching pad for China  8. World-class Infrastructure  9. Foundations of Success  10. Information at Your Fingertips 11. People - Our Greatest Asset 12. Helping Business 13. A Services Economy 14. Promoting Industry

Economic Outlook Hong Kong's economy grew by 5.3% in real terms in 1997. Strict fiscal discipline limits government spending to within the trend growth rate of GDP over time, which means that even in times of an economic downturn, Hong Kong can forge ahead with major infrastructure projects, as well as maintain or increase spending on such important areas as education, housing and health. Outlook for 1998: 3.5% GDP growth Per capita GDP of HK$212,200 (US$27,200) 4.8% growth in total exports 5% inflation HK$446 billion (US$57.2 billion) fiscal reserves (end March 1998) US$96.2 billion foreign exchange reserves (end April 1998)

Home | About Us | Hong Kong - Canada | What's New | Newsletters & Roundups | Background Information Business | Notice Board | Hong Kong Laws | Inquiries | Other Links | Email Hong Kong Economic & Trade Office (Toronto) 174 St. George Street, Toronto, Ontario, M5R 2M7 Tel: (416) 924-5544     Fax: (416) 924-3599 Email us at: [email protected] Copyright � 1998 Hong Kong Economic & Trade Office - Toronto. All Rights Reserved