Hong Kong R&D Expenditure
1.1%▲ +0.02 pt
Dec 2024 · Annual
Hong Kong's research and development expenditure as a share of GDP rose to 1.12597% in 2024, up from 1.10625% in 2023. This marks the highest reading on record since the series began in 1998, surpassing the previous all-time high set in the same period.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 1.1% | 1.1% | 1.1%Dec 2024 | 0.4%Dec 1998 | 1998 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| ICT Goods Exports | 61.5% | 59.7% | 62.5% | 24.7% | Dec 2024 | Annual |
| High-Tech Exports | 75.6% | 72.3% | 75.6% | 11.4% | Dec 2024 | Annual |
About this series
R&D Expenditure in Hong Kong averaged 0.8% from 1998 until 2024, reaching an all-time high of 1.1% in Dec 2024 and a record low of 0.4% in Dec 1998. The series is reported yearly with history from 1998.
Research and development expenditure as a percentage of GDP measures the total spending on R&D within the economy relative to its gross domestic product. The data are reported annually for Hong Kong, with the series spanning from 1998 to 2024.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
FAQ