Budget Speech

Economic Development

7.    The Gross Domestic Product (GDP) per capita of Hong Kong amounts to US$46,000, and is among the highest in the world.  However, our average annual economic growth rate over the past decade was merely 2.7 per cent, reflecting a slower growth momentum.  We must leverage our strength and take a forward-looking approach in positioning our future development and seeking new impetus.  This will enable our economy to grow in a diversified manner, provide our young people with more room for development and improve people's quality of life.



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