TNAG-2749-FCO40-3964-Economic-situation-in-Hong-Kong-1993 — Page 222

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

OVERVIEW

Hong Kong is one of the world's most successful communities. Within the space of two generations, economic growth has transformed the living standards of its 5.8 million people.

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During the decade 1981-91, average annual real GDP growth was 6.2%. The corresponding rate for OECD countries was 3%.

In 1992, per capita GDP was over US$16,000 per year. This is amongst the highest in Asia; lower than Japan but about the same level as Singapore. In European Community terms, this is higher than Greece, Portugal and Ireland.

Hong Kong is the world's tenth largest trading economy, although it ranks only 89th in terms of population.

Hong Kong's container port has the highest throughput in the world. Kai Tak is the fourth busiest airport in the world for both passengers and cargo.

Hong Kong is Asia's most popular tourist destination.

Hong Kong is one of the world's leading financial centres in terms of the volume of external banking transactions. 6th largest in terms of foreign exchange transactions.

Hong Kong is one of the safest major cities in the world with levels of reported crime about half that of comparable cities in North America.

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