The monthly minimum wage in Hong Kong is USD 720. Hong Kong has a public debt equivalent to 19.3% of the country's gross domestic product (GDP), estimated in 2013. In terms of consumer prices, Hong Kong's inflation rate is 4.4%. The currency of Hong Kong is the Hong Kong Dollar. The plural form of the word Hong Kong dollar is dollars. The symbol used for this currency is $ and is abbreviated as HKD. The Hong Kong dollar is divided into cents; there are 100 in a dollar. Every 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 world consumer market is 42%. Hong Kong corporate income tax is 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) in Hong Kong, calculated as Purchasing Power Parity (PPP), is US$400.362 billion. Gross Domestic Product (GDP) per capita calculated in Purchasing Power Parity (PPP) in Hong Kong was last seen at $53,892,595. PPP in Hong Kong is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Hong Kong is 274,027 billion. Based on this statistic, Hong Kong is considered as a large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Hong Kong. Gross domestic product (GDP) per capita in Hong Kong was last seen at $36,886,683. The average Hong Kong citizen has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Hong Kong averaged 3% in 2014. According to this percentage, Hong Kong is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.