Hong Kong SAR, China: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2024, Hong Kong SAR, China's manufacturing, value added (current US$) rose 5.9% on 2023 (from US$3.6 billion to US$3.82 billion).

Across the 23 yearly changes before that (2001 to 2023), the average change was −3.1% and a typical year strayed about 7.2% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 6.5% in 2019 and the biggest yearly fall was 18.8% in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 10% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Hong Kong SAR, China had the 12th highest value of the 44 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2024 ranking

• Serbia — 8th of 44: US$11.43 billion
• Tunisia — 9th of 44: US$7.61 billion
• Bolivia — 10th of 44: US$7.17 billion
• Trinidad and Tobago — 12th of 44: US$3.69 billion
• Madagascar — 13th of 44: US$2.31 billion
• Tajikistan — 14th of 44: US$1.91 billion

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 25 values

Manufacturing, value added (current US$) in nearby economies

• Australia — US$95.63 billion (2025)
• Brunei Darussalam — US$1.49 billion (2025)
• Cambodia — US$14.88 billion (2025)
• China — US$4.82 trillion (2025)
• Fiji — US$566.21 million (2025)
• French Polynesia — US$263.67 million (2020)
• Indonesia — US$275.61 billion (2025)
• Japan — US$788.45 billion (2024)
• Kiribati — US$14.57 million (2024)
• Korea, Rep. — US$513.52 billion (2025)

More economic policy & debt data for Hong Kong SAR, China

• General government final consumption expenditure (current US$) — US$53.72 billion (2025)
• General government final consumption expenditure (current LCU) — 418.83 billion (2025)
• General government final consumption expenditure (% of GDP) — 12.57% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$282.93 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 2.21 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 66.21% (2025)
• Final consumption expenditure (current US$) — US$336.64 billion (2025)
• Final consumption expenditure (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Hong Kong SAR, China's manufacturing, value added (current US$)?

US$3.82 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 51.58% from US$7.88 billion in 2000 (2.98% a year on average, compounded). The highest value was US$7.88 billion in 2000 and the lowest US$3.29 billion in 2020.

How does Hong Kong SAR, China rank?

12th highest of 44 economies with data for 2024.

Is the latest change in manufacturing, value added (current US$) unusual for Hong Kong SAR, China?

In 2024, Hong Kong SAR, China's manufacturing, value added (current US$) rose 5.9% on 2023 (from US$3.6 billion to US$3.82 billion). Across the 23 yearly changes before that (2001 to 2023), the average change was −3.1% and a typical year strayed about 7.2% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NV.IND.MANF.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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