Macroscope
All countries

Hong Kong

Asia

All indicators of the Macroscope base for Hong Kong, with sources. Below: what past UN and IMF releases projected and what actually happened.

What the data shows

Computed with the same code as the observations under the main chart and in the API (get_insights). Moving together in time does not prove a cause.

How the indicators changed

  • Fertility (TFR): 4.26 in 1950 → 0.73 in 2025 (−83%). Peak: 5.18 in 1962; the latest value is 86% lower. Thresholds: below 2.1 since 1980, below 1.5 since 1986, below 1.0 since 2020. The trend broke around 1962 and 1983: +0.07 → −0.18 → −0.01 a year.
  • Births: 78.8k in 1950 → 31.1k in 2025 (−61%). Peak: 153k in 1965; the latest value is 80% lower.
  • Population: 1.98M in 1950 → 7.44M in 2023 (×3.8). The trend broke around 2001: change slowed down (+93.6k → +37k a year).
  • Internet: 0% in 1990 → 95.8% in 2024 (+96 pp). Thresholds: above 10% since 1997, above 50% since 2003, above 90% since 2018. Fastest growth in 1998–2003: 14.5% → 52.2%.
  • Urban share: 85.2% in 1960 → 100% in 2025 (+15 pp). The trend broke around 1985 and 1991: +0.33 → +1.2 → 0 a year.
  • GDP per person (PPP): 31,599 PPP dollars in 1990 → 68,725 PPP dollars in 2025 (+117%). The trend broke around 2001 and 2013: +575 → +1,847 → +385 a year.
  • GDP growth: on average 7.4% in the 1980s, 3.6% in the 1990s, 4.2% in the 2000s, 2.9% in the 2010s, 0.9% in the 2020s. Lowest: −6.5% in 2020; highest: 13.4% in 1987.
  • Inflation: on average 7.4% in the 1980s, 6.9% in the 1990s, −0.2% in the 2000s, 3.3% in the 2010s, 1.5% in the 2020s. Lowest: −4% in 1999; highest: 11.2% in 1991.

What changed at the same time

  • The fastest decline of "Fertility (TFR)" was in 1965–1975: 4.92 → 2.63. Over the same years: births 153k → 80.2k; population 3.86M → 4.44M; urban share 85.9% → 89.5%; no data for the others in those years.
  • Over the last 10 years (2015–2025): fertility (TFR) 1.23 → 0.73; births 79.8k → 31.1k; population 7.37M (2015); internet 84.9% → 95.8%; urban share 100% → 100%; GDP per person (PPP) 62,780 PPP dollars → 68,725 PPP dollars; GDP growth 2.4% → 3.5%; inflation 3% → 1.4%.

How the indicators relate

  • Fertility (TFR) and internet (1990–2024, 35 years): levels are noticeably related, in opposite directions (r = −0.55); year-to-year changes show no reliable link (r = −0.21).
  • Fertility (TFR) and urban share (1960–2025, 66 years): levels are strongly related, in opposite directions (r = −0.92); year-to-year changes show no reliable link (r = 0.01). This looks like a shared trend: both change over time, but not in step from year to year.
  • Fertility (TFR) and GDP per person (PPP) (1990–2025, 36 years): levels are noticeably related, in opposite directions (r = −0.43); year-to-year changes are weakly related (r = 0.43).

Forecasts vs actual

  • Fertility (TFR): past UN projections. The outcome was below the projection in 12 of 12 revisions (1998–2022) and above in none; median gap −44%.
  • Fertility (TFR): UN 2024 projection (medium): 2050 — 0.96 (+31% vs 2025), 2100 — 1.20 (+63% vs 2025); low variant for 2100: 0.70.
  • Births: past UN projections. The outcome was below the projection in 12 of 12 revisions (1998–2022) and above in none; median gap −38%.
  • The UN 1998 projection did not expect today's level (31.1k, 2025) before its horizon ended (2047).
  • The UN 2022 projection expected today's level (31.1k, 2025) only around 2094: reality is 69 years ahead of it.
  • National statistics for 2025: 31.1k, 20% below the UN 2024 medium variant (39k).
  • Births: UN 2024 projection (medium): 2050 — 20.8k (−33% vs 2025), 2100 — 5.67k (−82% vs 2025); low variant for 2100: 0.61k.
  • Population: past UN projections. The outcome was below the projection in 12 of 12 revisions (1998–2022) and above in none; median gap −4.6%.
  • The UN 2000 projection expected this level (7.44M) already around 2007: reality is 16 years behind it.
  • The UN 2010 projection expected this level (7.44M) already around 2015: reality is 8 years behind it.
  • Population: UN 2024 projection (medium): 2050 — 6.09M (−18% vs 2023), 2100 — 2.08M (−72% vs 2023); low variant for 2100: 1.34M.
  • GDP growth: IMF next-year forecasts (36 editions, 2007–2024). On average the outcome was 1.6 pp below the forecast; below it in 67% of cases; typical error ±2.7 pp. The biggest miss was for 2020: IMF, April 2019 expected 3%, the outcome was −6.5%.
  • GDP growth: latest IMF forecast (IMF, April 2026): 2026 — 2.4%, 2028 — 2.3%, 2031 — 2.2%.
  • Inflation: IMF next-year forecasts (36 editions, 2007–2024). On average the outcome was 0.2 pp below the forecast; below it in 61% of cases; typical error ±1.2 pp. The biggest miss was for 2009: IMF, April 2008 expected 4.5%, the outcome was 0.6%.
  • Inflation: latest IMF forecast (IMF, April 2026): 2026 — 2.1%, 2028 — 2.1%, 2031 — 2.5%.

UN projections vs actual

Solid line: actual data, UN WPP 2024 estimates to 2023, then national statistics where comparable with the UN. Dashed: medium variants of past UN revisions. The table shows what each revision expected for the latest year (or five-year period) with actual data.

Population

persons, 1 July
Hong Kong: PopulationActual 2023: 7.44M5M6M7M8M9M19902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 1998202325 years7.74M7.44M−3.9%
UN 2000202323 years8.56M7.44M−13%
UN 2002202321 years8.37M7.44M−11.1%
UN 2004202319 years8.25M7.44M−9.8%
UN 2006202317 years8.2M7.44M−9.3%
UN 2008202315 years7.87M7.44M−5.4%
UN 2010202313 years8.02M7.44M−7.2%
UN 2012202311 years7.67M7.44M−3%
UN 201520238 years7.7M7.44M−3.3%
UN 201720236 years7.68M7.44M−3.2%
UN 201920234 years7.65M7.44M−2.8%
UN 202220231 year7.49M7.44M−0.7%

Births

births per year
Hong Kong: BirthsActual 2025: 31.1k20k40k60k80k100k19902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 19982020–202524 years66.5k42.3k−36.3%
UN 20002020–202522 years77.2k42.3k−45.2%
UN 20022020–202520 years74.6k42.3k−43.3%
UN 20042020–202518 years58.6k42.3k−27.8%
UN 20062020–202516 years55.4k42.3k−23.7%
UN 20082020–202514 years54.8k42.3k−22.7%
UN 20102020–202512 years73.3k42.3k−42.3%
UN 20122020–202510 years64.2k42.3k−34.2%
UN 20152020–20258 years69.6k42.3k−39.3%
UN 20172020–20256 years82.4k42.3k−48.7%
UN 20192020–20254 years82.3k42.3k−48.6%
UN 202220253 years39.8k31.1k−22%

Total fertility rate

children per woman
Hong Kong: Total fertility rateActual 2025: 0.730.511.5219902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 19982020–202524 years1.600.77−51.8%
UN 20002020–202522 years1.560.77−50.4%
UN 20022020–202520 years1.470.77−47.5%
UN 20042020–202518 years1.170.77−34.1%
UN 20062020–202516 years1.090.77−29.3%
UN 20082020–202514 years1.110.77−30.5%
UN 20102020–202512 years1.380.77−44.2%
UN 20122020–202510 years1.290.77−40.2%
UN 20152020–20258 years1.380.77−44%
UN 20172020–20256 years1.420.77−45.8%
UN 20192020–20254 years1.410.77−45.4%
UN 202220253 years0.790.73−7.7%

IMF forecasts vs actual

Solid line: actual values from the latest IMF edition (data get revised, so we use the newest). Dashed: April editions, current year and five years ahead. The table covers next-year forecasts from all editions: mean error shows bias, mean absolute error shows accuracy.

Real GDP growth

% per year
Hong Kong: Real GDP growthActual 2025: 3.5−10−505102000200520102015202020252030
  • Actual (IMF)
  • WEO, April editions
IndicatorForecastsMean errorMean absolute errorActual below forecast
Real GDP growth36−1.6 pp2.7 pp67%
Inflation36−0.2 pp1.2 pp61%
Unemployment rate36+0.1 pp0.7 pp44%
Government gross debt26−7.1 pp8.4 pp38%

All indicators

Demography

Population

7.44M persons, 1 July latest value, 2023

Hong Kong: Population1950: 1.98M; 2023: 7.44M02M4M6M8M19501975200020252050

Population on 1 July. UN estimate to 2023, medium variant from 2024; past UN revisions for forecast checks.

Source: UN DESA, World Population Prospects 2024

Life expectancy at birth, women

88.1 years latest value, 2023

Hong Kong: Life expectancy at birth, women1950: 61.4; 2023: 88.102040608010019501975200020252050

Years a newborn girl would live at the mortality rates of the year (UN).

Source: UN DESA, World Population Prospects 2024

Life expectancy at birth, men

82.8 years latest value, 2023

Hong Kong: Life expectancy at birth, men1950: 53.6; 2023: 82.802040608010019501975200020252050

Years a newborn boy would live at the mortality rates of the year (UN).

Source: UN DESA, World Population Prospects 2024

Median age

46.2 years latest value, 2023

Hong Kong: Median age1950: 22.8; 2023: 46.202040608019501975200020252050

Age that divides the population in two halves (UN).

Source: UN DESA, World Population Prospects 2024

Mean age of mothers at childbirth

32.9 years latest value, 2023

Hong Kong: Mean age of mothers at childbirth1950: 29.1; 2023: 32.901020304019501975200020252050

Mean age of mothers at the birth of their children of any order (UN).

Source: UN DESA, World Population Prospects 2024

Sex ratio at birth

107.7 boys per 100 girls latest value, 2023

Hong Kong: Sex ratio at birth1950: 109.8; 2023: 107.705010015019501975200020252050

Boys born per 100 girls born (UN).

Source: UN DESA, World Population Prospects 2024

Net migration

−3.43k persons per year latest value, 2023

Hong Kong: Net migration1950: 31.2k; 2023: −3.43k−1.5M−500k500k1.5M2.5M19501975200020252050

Immigrants minus emigrants per year (UN estimate and projection).

Source: UN DESA, World Population Prospects 2024

Old-age dependency

28.4 persons 65+ per 100 aged 20-64 latest value, 2020

Hong Kong: Old-age dependency1950: 4.4; 2020: 28.405010015019501975200020252050

Persons aged 65+ per 100 aged 20-64, every five years (UN).

Source: UN DESA, World Population Prospects 2024

Digitalisation

Internet users

95.8 % of population latest value, 2024

Hong Kong: Internet users1990: 0; 2024: 95.80204060801001990199520002005201020152020

Share of individuals who used the Internet in the last three months from any device. ITU data.

Source: World Bank, World Development Indicators

Mobile cellular subscriptions

364.8 per 100 people latest value, 2024

Hong Kong: Mobile cellular subscriptions1960: 0; 2024: 364.801002003004001960197019801990200020102020

Active mobile cellular subscriptions per 100 people; can exceed 100 when people have several SIM cards. ITU data.

Source: World Bank, World Development Indicators

Fixed broadband subscriptions

40.3 subscriptions per 100 people latest value, 2024

Hong Kong: Fixed broadband subscriptions1998: 0.2; 2024: 40.30102030405020002005201020152020

Fixed subscriptions to high-speed Internet (256 kbit/s or more) per 100 people. ITU data.

Source: World Bank, World Development Indicators

Economy

GDP per capita, PPP

68,725 constant 2021 international $ latest value, 2025

Hong Kong: GDP per capita, PPP1990: 31,599; 2025: 68,725020,00040,00060,00080,00019901995200020052010201520202025

Gross domestic product per person at purchasing power parity, constant 2021 international dollars (World Bank, ICP).

Source: World Bank, World Development Indicators

Real GDP growth

3.5 % per year latest value, 2025

Hong Kong: Real GDP growth1980: 10.3; 2025: 3.505101519801990200020102020

Annual change of GDP at constant prices. Actual values and forecasts from IMF WEO editions.

Source: IMF World Economic Outlook, April 2026

Inflation

1.4 % per year, average latest value, 2025

Hong Kong: Inflation1980: 4.4; 2025: 1.405101519801990200020102020

Change of the annual average consumer price index (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Government gross debt

9.2 % of GDP latest value, 2024

Hong Kong: Government gross debt2004: 1.9; 2024: 9.202468102005201020152020

General government gross debt, percent of GDP (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Unemployment rate

3.6 % of labour force latest value, 2025

Hong Kong: Unemployment rate1980: 3.8; 2025: 3.60246819801990200020102020

Unemployed as a share of the labour force (IMF WEO; national definitions).

Source: IMF World Economic Outlook, April 2026

GDP per capita, US dollars

56,893 current US dollars latest value, 2025

Hong Kong: GDP per capita, US dollars1980: 5,704; 2025: 56,893020,00040,00060,00019801990200020102020

GDP per person in current US dollars at market exchange rates (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Society

Urban population

100 % of population latest value, 2025

Hong Kong: Urban population1960: 85.2; 2025: 1000204060801001201960197019801990200020102020

Share of people living in urban areas as defined by national statistical offices (World Bank, from UN World Urbanization Prospects).

Source: World Bank, World Development Indicators

Tertiary enrolment, women

126 % gross latest value, 2024

Hong Kong: Tertiary enrolment, women2003: 32.4; 2024: 1260501001502005201020152020

Women enrolled in tertiary education as a share of women in the five-year age group after secondary school; can exceed 100 (UNESCO).

Source: World Bank, World Development Indicators

Women with upper secondary education

64.8 % of women 25+ latest value, 2024

Hong Kong: Women with upper secondary education1971: 10.2; 2024: 64.802040608019801990200020102020

Share of women aged 25+ who completed at least upper secondary education (UNESCO).

Source: World Bank, World Development Indicators

Life expectancy at birth

85.4 years latest value, 2024

Hong Kong: Life expectancy at birth1960: 65.7; 2024: 85.40204060801001960197019801990200020102020

Life expectancy at birth, both sexes (World Bank, from UN and national statistics).

Source: World Bank, World Development Indicators

Same region: Asia