Hong Kong HK

Currency: HKD. Central bank: Hong Kong Monetary Authority. HKD/USD: 0.1275.

Macro read

Consolidated decision read: what to monitor, why it matters, and where the data is still thin.

Regime scenario

Medium risk

Goldilocks

Growth at or above trend with inflation at or below target.

Growth Expanding 7.8 · Inflation On target 6.9 · weakest: Monetary 3.0, Labor 4.5

What to monitor: Check which dimension is driving divergence before drawing a broad country conclusion.

growth momentuminflation trendcentral bank stance

Where data is thin

IndicatorsHong Kong 10y government bond yieldHong Kong Composite leading indicator

Macro regime

Six dimensions, scored from 0 to 10. Radar shows the overall shape; cards show trend and label per dimension.

Growth

7.8Stable

expanding

Inflation

6.9Improving

on target

Labor

4.5Stable

balanced

Monetary

3.0Worsening

restrictive

External

8.0Stable

strong

Fiscal

6.0Stable

neutral

Key indicators

Cross-country comparable indicators with 5-year micro history. Latest bar in gold; missing indicators render with a baseline.

Hong Kong GDP YoY (C&SD, chained)

4.30%

Hong Kong CPI YoY

1.92%

Hong Kong unemployment rate, sa (C&SD, 3-month)

3.90%

HKMA base rate

4.25%

Hong Kong 10y government bond yield

missing

Hong Kong current account % GDP (4 quarters)

9.47% of GDP

Hong Kong Government debt % GDP

12.10% of GDP

Hong Kong Fiscal balance % GDP

-4.50% of GDP

Upcoming Events

Scheduled releases in the next 60 days. Click an event title to open the indicator detail when available.

Ask Ashenden

Ask, then keep asking: it follows the conversation for 30 minutes, grounded in Ashenden research.

Built on Ashenden research and our own data. Answers are AI-generated: they can be wrong or incomplete — check anything you would act on.