Hong Kong SAR, China Retail Sales Growth

1982 - 2023 | Monthly | % | CEIC Data

Key information about Hong Kong SAR (China) Retail Sales Growth

  • Hong Kong SAR (China) Retail Sales grew 16.6 % YoY in May 2023, compared with a 13.4 % increase in the previous month.
  • Hong Kong SAR (China) Retail Sales Growth YoY data is updated monthly, available from Jan 1982 to May 2023, with an average growth rate of 3.4 %.
  • The data reached an all-time high of 44.3 % in Feb 2023 and a record low of -43.1 % in Mar 2020.
  • In the latest reports, Car Sales of Hong Kong SAR (China) recorded 34,116.0 units in Dec 2019, representing a drop of 12.8 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Sales Volume Index. Census and Statistics Department provides Retail Sales Volume Index with base October 2019-September 2020=100. Retail Sales: Incl. Motor Vehicles Growth prior to October 2005 is calculated from Retail Sales Volume Index with base October 2004-September 2005=100.

View Hong Kong SAR, China's Retail Sales Growth from Jan 1982 to May 2023 in the chart:

Hong Kong SAR, China Retail Sales Growth

What was Hong Kong SAR, China's Retail Sales Growth in May 2023?

Hong Kong SAR (China) Retail Sales grew 16.6 % YoY in May 2023, compared with a 13.4 % increase in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.6 May 2023 13.4 Apr 2023 -43.1 Mar 2020 44.3 Feb 2023 % monthly Jan 1982 - May 2023

Retail Sales Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.5 Mar 2023 monthly Jan 2006 - Mar 2023
Argentina (%) -3.3 Dec 2024 monthly Jan 2018 - Dec 2024
Armenia (%) 5.7 Jan 2025 monthly Jan 2001 - Jan 2025
Australia (%) 4.2 May 2023 monthly Apr 1983 - May 2023
Austria (%) 0.8 Dec 2024 monthly Jan 2007 - Dec 2024
Azerbaijan (%) 7.8 Jan 2025 monthly Dec 2007 - Jan 2025
Belarus (%) 12.2 Jan 2025 monthly Oct 2008 - Jan 2025
Belgium (%) -0.0 Jan 2025 monthly Jan 2007 - Jan 2025
Bosnia and Herzegovina (%) 15.4 Apr 2023 monthly Jan 2013 - Apr 2023
Brazil (%) 4.1 Dec 2024 monthly Jan 2001 - Dec 2024
Bulgaria (%) -0.6 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 1.1 Apr 2023 monthly Jan 1992 - Apr 2023
Chile (%) 8.2 Jan 2025 monthly Jan 2015 - Jan 2025
China (%) 12.7 May 2023 monthly Jan 1994 - May 2023
Colombia (%) 5.5 Dec 2024 monthly Jan 2014 - Dec 2024
Croatia (%) 3.3 Apr 2023 monthly Jan 2001 - Apr 2023
Cyprus (%) 2.7 Jan 2025 monthly Jan 2006 - Jan 2025
Czech Republic (%) 2.9 Jan 2025 monthly Jan 2001 - Jan 2025
Denmark (%) 0.4 May 2023 monthly Jan 2001 - May 2023
Egypt (%) 1.4 2020 yearly 1996 - 2020
Estonia (%) -1.3 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 2.0 Jan 2025 monthly Jan 2000 - Jan 2025
Finland (%) -0.3 Jan 2025 monthly Jan 1996 - Jan 2025
France (%) 1.6 Dec 2024 monthly Jan 1996 - Dec 2024
Georgia (%) 1.1 Dec 2024 quarterly Mar 2010 - Dec 2024
Germany (%) -4.4 Apr 2023 monthly Jan 1995 - Apr 2023
Greece (%) -5.6 Dec 2024 monthly Jan 2001 - Dec 2024
Hong Kong SAR, China (%) 16.6 May 2023 monthly Jan 1982 - May 2023
Hungary (%) 4.2 Jan 2025 monthly Jan 2001 - Jan 2025
Iceland (%) 6.6 Aug 2024 monthly Feb 2002 - Aug 2024
Indonesia (%) 0.0 May 2023 monthly Jan 2011 - May 2023
Ireland (%) -0.1 Jan 2025 monthly Jan 2006 - Jan 2025
Israel (%) -0.2 Jan 2025 monthly Jan 1998 - Jan 2025
Italy (%) 0.8 Jan 2025 monthly Jan 2001 - Jan 2025
Japan (%) 5.2 Apr 2023 monthly Oct 1992 - Apr 2023
Kazakhstan (%) 5.4 May 2023 monthly Jan 2006 - May 2023
South Korea (%) -0.7 Apr 2023 monthly Jan 1996 - Apr 2023
Kyrgyzstan (%) 10.7 2022 yearly 1990 - 2022
Latvia (%) 2.1 Jan 2025 monthly Jan 2001 - Jan 2025
Lithuania (%) 1.5 Jan 2025 monthly Jan 1999 - Jan 2025
Luxembourg (%) 11.4 Jan 2025 monthly Jan 2006 - Jan 2025
Macau SAR, China (%) -9.3 Dec 2024 quarterly Mar 2002 - Dec 2024
North Macedonia (%) -0.2 Jan 2025 monthly Jan 2011 - Jan 2025
Malaysia (%) 12.9 Apr 2023 monthly Jan 2014 - Apr 2023
Malta (%) 4.8 Dec 2024 quarterly Mar 2001 - Dec 2024
Mexico (%) 4.6 Apr 2023 monthly Jan 2002 - Apr 2023
Moldova (%) 10.8 Dec 2024 monthly Jan 2011 - Dec 2024
Mongolia (%) 14.9 Dec 2023 quarterly Mar 2012 - Dec 2023
Montenegro (%) 8.5 Apr 2023 monthly Jan 2007 - Apr 2023
Netherlands (%) -4.2 May 2023 monthly Jan 2001 - May 2023
New Zealand (%) 0.4 Dec 2024 quarterly Sep 1996 - Dec 2024
Norway (%) 2.6 Jan 2025 monthly Jan 1980 - Jan 2025
Palestinian Territory (%) -0.2 2018 yearly 2011 - 2018
Peru (%) 4.8 Aug 2024 monthly Jan 2015 - Aug 2024
Poland (%) -1.8 Apr 2023 monthly Jan 2001 - Apr 2023
Portugal (%) 3.1 May 2023 monthly Jan 2001 - May 2023
Qatar (%) 6.9 2021 yearly 1987 - 2021
Romania (%) 3.2 Jan 2025 monthly Jan 2001 - Jan 2025
Russia (%) 5.4 Jan 2025 monthly Jan 1994 - Jan 2025
Serbia (%) -6.2 May 2023 monthly Dec 2004 - May 2023
Singapore (%) -3.0 Jan 2025 monthly Jan 1986 - Jan 2025
Slovakia (%) 0.8 Jan 2025 monthly Jan 2001 - Jan 2025
Slovenia (%) 3.2 Jan 2025 monthly Jan 2001 - Jan 2025
South Africa (%) 3.2 Dec 2024 monthly Jan 2003 - Dec 2024
Spain (%) 3.1 Dec 2023 monthly Jan 2001 - Dec 2023
Sweden (%) -3.9 May 2023 monthly Jan 1991 - May 2023
Switzerland (%) -3.4 Apr 2023 monthly Jan 2001 - Apr 2023
Taiwan (%) 1.7 Feb 2022 monthly Jan 2000 - Feb 2022
Thailand (%) 0.5 Mar 2023 monthly Jan 1996 - Mar 2023
Turkey (%) 11.2 Dec 2023 monthly Jan 2011 - Dec 2023
Ukraine (%) -3.1 Dec 2022 monthly Jan 2008 - Dec 2022
United Kingdom (%) -2.1 May 2023 monthly Jan 1997 - May 2023
United States (%) 1.0 May 2023 monthly Jan 1993 - May 2023
Uzbekistan (%) -4.0 Apr 2023 monthly Jan 2019 - Apr 2023
Venezuela (%) -53.5 Jan 2019 monthly Jan 2005 - Jan 2019
Vietnam (%) 8.7 Feb 2025 monthly Sep 2004 - Feb 2025

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Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.3 Dec 2024 quarterly Sep 1999 - Dec 2024
Consolidated Fiscal Balance (USD mn) 2,363.908 Jan 2025 monthly Oct 1998 - Jan 2025
Tax Revenue (USD mn) 4,221.749 Sep 2024 quarterly Sep 1979 - Sep 2024
Tax Revenue: % of GDP (%) 24.1 Dec 2024 quarterly Sep 1979 - Dec 2024
National Government Debt (USD mn) 190,086.3 2024 yearly 2003 - 2024
Government Debt: % of GDP (%) 49.1 2024 yearly 2003 - 2024
Forecast: Government Expenditure (HKD bn) 865.064 2030 yearly 1982 - 2030
Forecast: Government Net Debt (HKD bn) 535.809 2030 yearly 2005 - 2030
Forecast: Government Revenue (HKD bn) 902.207 2030 yearly 1982 - 2030
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.054 2029 yearly 1980 - 2029
Trade Balance (USD mn) 266.9 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 49,984.8 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports Growth (%) 0.1 Jan 2025 monthly Jan 1953 - Jan 2025
Aluminum: Exports (USD th) 192,379.347 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,786,984.295 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 222,385.828 2023 yearly 1995 - 2023
Total Imports (USD mn) 49,717.9 Jan 2025 monthly Jan 1957 - Jan 2025
Total Imports Growth (%) 0.5 Jan 2025 monthly Jan 1953 - Jan 2025
Imports: Medicament (USD th) 3,034,655.090 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,091,631.537 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 3,728.442 Jan 2025 monthly Apr 1964 - Jan 2025
Total Imports from USA (USD mn) 1,858.168 Jan 2025 monthly Apr 1964 - Jan 2025
Total Exports to China (USD mn) 27,765.269 Jan 2025 monthly Apr 1964 - Jan 2025
Total Imports from China (USD mn) 21,191.367 Jan 2025 monthly Apr 1964 - Jan 2025
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 181,549.984 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: General Industrial Machinery and Equipment nes (HKD mn) 2,587.081 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 592.204 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 46,600.849 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 52,073.363 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 42,717.031 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Office Machines & Automatic Data Processing Machines (HKD mn) 40,255.796 Jan 2025 monthly Jan 1991 - Jan 2025
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 13,172.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Current Account Balance (USD mn) 15,372.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Current Account Balance: % of GDP (%) 14.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Direct Investment (USD mn) 27,032.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Direct Investment: % of GDP (%) 25.8 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment (USD mn) 1,175.550 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.1 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -5,323.4 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 6,498.865 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt (USD mn) 1,925,470.5 Sep 2024 quarterly Mar 2001 - Sep 2024
External Debt: % of GDP (%) 483.3 2023 yearly 2001 - 2023
External Debt: Short Term (USD mn) 1,166,589.1 Sep 2024 quarterly Mar 2001 - Sep 2024
External Debt: Short Term: % of GDP (%) 298.8 2023 yearly 2001 - 2023
Forecast: Current Account Balance (USD bn) 43.397 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 2,066,472.140 Sep 2024 quarterly Mar 2010 - Sep 2024
BoP: FA: Portfolio Investment (PI) (HKD mn) 138,542.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods: Debit (HKD mn) 1,264,183.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Net Errors and Omissions (HKD mn) -34,940.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods (HKD mn) -582.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Assets (AS) (HKD mn) 102,732.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account (CA) (HKD mn) 119,887.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Debit (HKD mn) 528,851.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Credit (HKD mn) 2,099,548.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account (HKD mn) -218.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Secondary Income (SInc) (HKD mn) -5,052.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CFA: Reserve Assets (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Debit (HKD mn) 176,802.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Financial Derivatives (FD) (HKD mn) -40,701.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Other investment (OI) (HKD mn) 117,932.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Liabilities (HKD mn) -113,159.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Credit (HKD mn) 616,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Overall Balance (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Assets (HKD mn) 203,808.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Direct Investment (DI) (HKD mn) -108,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Debit (HKD mn) 222.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Debit (HKD mn) 9,825.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Debit (HKD mn) 1,979,660.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Liabilities (LB) (HKD mn) 210,822.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Assets (HKD mn) -153,860.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Credit (HKD mn) 215,084.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services (HKD mn) 38,282.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Liabilities (LB) (HKD mn) 9,168.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Credit (HKD mn) 3.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Credit (HKD mn) 4,773.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Liabilities (HKD mn) 85,876.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods: Credit (HKD mn) 1,263,601.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Financial Account (FA) (HKD mn) 84,729.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Assets (AS) (HKD mn) 147,710.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Primary Income (PInc) (HKD mn) 87,239.000 Sep 2024 quarterly Mar 1999 - Sep 2024
International Investment Position (IIP): Assets (HKD mn) 52,982,050.000 Sep 2024 quarterly Mar 2010 - Sep 2024
IIP: Net (HKD mn) 16,055,042.000 Sep 2024 quarterly Mar 2010 - Sep 2024
IIP: Liabilities (HKD mn) 36,927,008.000 Sep 2024 quarterly Mar 2010 - Sep 2024
External Debt (ED): Total (HKD mn) 14,959,558.000 Sep 2024 quarterly Mar 2002 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Dec 2024 quarterly Mar 1997 - Dec 2024
Household Debt: % of GDP (%) 87.8 Dec 2024 quarterly Mar 1982 - Dec 2024
Money Supply M1 (USD mn) 198,127.404 Jan 2025 monthly Jan 1985 - Jan 2025
Money Supply M2 (USD mn) 2,406,637.673 Jan 2025 monthly Dec 1980 - Jan 2025
M2 Growth (%) 9.6 Jan 2025 monthly Dec 1981 - Jan 2025
Foreign Exchange Reserves (USD mn) 421,292.0 Jan 2025 monthly Apr 2000 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 103.470 Dec 2024 quarterly Jun 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 9.3 May 2023 monthly Apr 2000 - May 2023
Gold Reserves (USD mn) 186.000 Jan 2025 monthly Dec 1990 - Jan 2025
Total Deposits (USD mn) 2,260,480.892 Jan 2025 monthly Jan 1991 - Jan 2025
Total Deposits Growth (%) 9.2 Jan 2025 monthly Jan 1992 - Jan 2025
Domestic Credit (USD mn) 1,011,818.8 Oct 2024 monthly Dec 1990 - Oct 2024
Domestic Credit Growth (%) 0.7 Dec 2024 monthly Dec 1991 - Dec 2024
Debt Service Ratio: Private Non-Financial Sector (%) 35.600 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 359.307 Sep 2024 quarterly Dec 1990 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 1,354.821 Sep 2024 quarterly Dec 1978 - Sep 2024
Household Debt (USD mn) 359,214.2 Dec 2024 quarterly Mar 1982 - Dec 2024
Total Loans (USD mn) 1,268,397.079 Jan 2025 monthly Dec 1978 - Jan 2025
Total Loans Growth (%) -2.25 Jan 2025 monthly Dec 1979 - Jan 2025
Private Debt: % of Nominal GDP (%) 195.76 Dec 2024 quarterly Dec 1973 - Dec 2024
Deposits: Renminbi: Total Outstandings (RMB mn) 554,316.75 Mar 2018 monthly Feb 2004 - Mar 2018
HK: Loans & Advances: Total (HKD mn) 9,652,390.44 Mar 2018 monthly Dec 1978 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -11.0 Mar 2025 quarterly Mar 2009 - Mar 2025
BTS: Expected Changes: Business Situation (BS): sa (%) -10.000 Mar 2025 quarterly Mar 2008 - Mar 2025
BTS: Expected Changes: BS: sa: Retail (%) -31.000 Mar 2025 quarterly Mar 2008 - Mar 2025

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