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Outward economy: Hong Kong is a highly-externally oriented economy and also a major financial centre with substantial cross-territory investment. |
Hong Kong's net international investment position was US$430.4 billion last year, indicating the city is a net creditor economy, ranked second to Japan, the Census & Statistics Department says.
Comparing Hong Kong with 11 selected economies, the department found the figure compared favourably with the international investment position statistics of those economies. Among them, France, Germany, Japan and Singapore were net creditors, while Australia, Canada, Italy, New Zealand, Thailand, the UK and the US were net debtors.
At the end of last year, Hong Kong's total external financial assets and liabilities were US$1.38 trillion and US$952 billion. The ratios to GDP were 833% and 573%. This shows Hong Kong is a highly externally-oriented economy and also a major financial centre in the region with substantial cross-territory investment.
The ratio of Hong Kong's net international investment position to GPD was 259%, much higher than those of the selected economies.
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