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

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country/region Last Frequency Range
Albania (%) 4.5 Mar 2023 monthly Jan 2006 - Mar 2023
Argentina (%) -13.8 Jan 2024 monthly Jan 2018 - Jan 2024
Armenia (%) 1.8 Jan 2024 monthly Jan 2001 - Jan 2024
Australia (%) 4.2 May 2023 monthly Apr 1983 - May 2023
Austria (%) -4.7 Dec 2023 monthly Jan 2007 - Dec 2023
Azerbaijan (%) 3.6 Feb 2024 monthly Dec 2007 - Feb 2024
Belarus (%) 15.4 Feb 2024 monthly Oct 2008 - Feb 2024
Belgium (%) -5.1 Feb 2024 monthly Jan 2007 - Feb 2024
Bosnia and Herzegovina (%) 15.4 Apr 2023 monthly Jan 2013 - Apr 2023
Brazil (%) 4.3 Feb 2024 monthly Jan 2001 - Feb 2024
Bulgaria (%) -0.6 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 1.1 Apr 2023 monthly Jan 1992 - Apr 2023
Chile (%) 4.3 Feb 2024 monthly Jan 2015 - Feb 2024
China (%) 12.7 May 2023 monthly Jan 1994 - May 2023
Colombia (%) -3.1 Jan 2024 monthly Jan 2014 - Jan 2024
Croatia (%) 3.3 Apr 2023 monthly Jan 2001 - Apr 2023
Cyprus (%) 5.2 Feb 2024 monthly Jan 2006 - Feb 2024
Czech Republic (%) 6.1 Feb 2024 monthly Jan 2001 - Feb 2024
Denmark (%) 0.4 May 2023 monthly Jan 2001 - May 2023
Egypt (%) 1.4 2020 yearly 1996 - 2020
Estonia (%) 0.3 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -0.7 Jan 2024 monthly Jan 2000 - Jan 2024
Finland (%) -1.6 Nov 2023 monthly Jan 1996 - Nov 2023
France (%) 0.2 Jan 2024 monthly Jan 1996 - Jan 2024
Georgia (%) 4.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Germany (%) -4.4 Apr 2023 monthly Jan 1995 - Apr 2023
Greece (%) -8.2 Jan 2024 monthly Jan 2001 - Jan 2024
Hong Kong SAR, China (%) 16.6 May 2023 monthly Jan 1982 - May 2023
Hungary (%) 0.8 Feb 2024 monthly Jan 2001 - Feb 2024
Iceland (%) 6.7 Dec 2023 monthly Feb 2002 - Dec 2023
Indonesia (%) 0.0 May 2023 monthly Jan 2011 - May 2023
Ireland (%) 0.6 Jan 2024 monthly Jan 2006 - Jan 2024
Israel (%) 3.0 Feb 2024 monthly Jan 1998 - Feb 2024
Italy (%) 0.4 Feb 2024 monthly Jan 2001 - Feb 2024
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 (%) 0.2 Feb 2024 monthly Jan 2001 - Feb 2024
Lithuania (%) 4.6 Feb 2024 monthly Jan 1999 - Feb 2024
Luxembourg (%) 7.0 Feb 2024 monthly Jan 2006 - Feb 2024
Macau SAR, China (%) 40.2 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) -2.9 Jan 2024 monthly Jan 2011 - Jan 2024
Malaysia (%) 12.9 Apr 2023 monthly Jan 2014 - Apr 2023
Malta (%) 1.6 Dec 2023 quarterly Mar 2001 - Dec 2023
Mexico (%) 4.6 Apr 2023 monthly Jan 2002 - Apr 2023
Moldova (%) 5.0 Jan 2024 monthly Jan 2011 - Jan 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 (%) 0.3 Dec 2023 quarterly Sep 1996 - Dec 2023
Norway (%) -0.2 Feb 2024 monthly Jan 1980 - Feb 2024
Palestinian Territory (%) -0.2 2018 yearly 2011 - 2018
Peru (%) 6.1 Jan 2024 monthly Jan 2015 - Jan 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 (%) 7.1 Feb 2024 monthly Jan 2001 - Feb 2024
Russia (%) 12.3 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (%) -6.2 May 2023 monthly Dec 2004 - May 2023
Singapore (%) -1.6 Feb 2024 monthly Jan 1986 - Feb 2024
Slovakia (%) 5.3 Feb 2024 monthly Jan 2001 - Feb 2024
Slovenia (%) -14.7 Dec 2023 monthly Jan 2001 - Dec 2023
South Africa (%) -2.5 Jan 2024 monthly Jan 2003 - Jan 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 (%) 13.2 Nov 2023 monthly Jan 2011 - Nov 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 (%) 7.0 Mar 2024 monthly Sep 2004 - Mar 2024

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Hong Kong SAR, China Key Series

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Includes 220 key indicators for Hong Kong SAR, China, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.5 Dec 2023 quarterly Sep 1999 - Dec 2023
Consolidated Fiscal Balance (USD mn) -2,875.566 Feb 2024 monthly Oct 1998 - Feb 2024
Tax Revenue (USD mn) 19,445.641 Dec 2023 quarterly Sep 1979 - Dec 2023
Tax Revenue: % of GDP (%) 19.1 Dec 2023 quarterly Sep 1979 - Dec 2023
National Government Debt (USD mn) 181,662.1 2023 yearly 2003 - 2023
Government Debt: % of GDP (%) 50.1 2023 yearly 2003 - 2023
Forecast: Government Expenditure (HKD bn) 899.376 2029 yearly 1982 - 2029
Forecast: Government Net Debt (HKD bn) 383.515 2029 yearly 2005 - 2029
Forecast: Government Revenue (HKD bn) 950.843 2029 yearly 1982 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.060 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,325.0 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 36,315.4 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports Growth (%) -0.8 Feb 2024 monthly Jan 1953 - Feb 2024
Aluminum: Exports (USD th) 271,594.847 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,261,766.538 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 215,338.532 2022 yearly 1995 - 2022
Total Imports (USD mn) 41,640.4 Feb 2024 monthly Jan 1957 - Feb 2024
Total Imports Growth (%) -1.8 Feb 2024 monthly Jan 1953 - Feb 2024
Imports: Medicament (USD th) 3,466,916.054 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 932,558.317 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 2,511.675 Feb 2024 monthly Apr 1964 - Feb 2024
Total Imports from USA (USD mn) 2,291.683 Feb 2024 monthly Apr 1964 - Feb 2024
Total Exports to China (USD mn) 19,720.026 Feb 2024 monthly Apr 1964 - Feb 2024
Total Imports from China (USD mn) 15,846.766 Feb 2024 monthly Apr 1964 - Feb 2024
Exports: General Industrial Machinery and Equipment nes (HKD mn) 1,743.108 Feb 2024 monthly Jan 1991 - Feb 2024
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 447.600 Feb 2024 monthly Jan 1991 - Feb 2024
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 131,552.956 Feb 2024 monthly Jan 1991 - Feb 2024
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 29,693.235 Feb 2024 monthly Jan 1991 - Feb 2024
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 38,295.387 Feb 2024 monthly Jan 1991 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27,290.7 Dec 2023 quarterly Mar 1999 - Dec 2023
Current Account Balance (USD mn) 9,111.4 Dec 2023 quarterly Mar 1999 - Dec 2023
Current Account Balance: % of GDP (%) 9.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Direct Investment (USD mn) 23,324.3 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Direct Investment: % of GDP (%) 23.7 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment (USD mn) 5,116.785 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 5.2 Sep 2023 quarterly Mar 1999 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -875.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 218.203 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt (USD mn) 1,838,766.3 Dec 2023 quarterly Mar 2001 - Dec 2023
External Debt: % of GDP (%) 480.1 2023 yearly 2001 - 2023
External Debt: Short Term (USD mn) 1,146,500.5 Dec 2023 quarterly Mar 2001 - Dec 2023
External Debt: Short Term: % of GDP (%) 299.4 2023 yearly 2001 - 2023
Forecast: Current Account Balance (USD bn) 25.833 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,784,610.608 Dec 2023 quarterly Mar 2010 - Dec 2023
BoP: CA: Goods: Debit (HKD mn) 1,251,277.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Goods (HKD mn) -6,799.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: PInc: Debit (HKD mn) 420,259.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Net Errors and Omissions (HKD mn) -33,665.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Secondary Income (SInc) (HKD mn) -4,338.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: DI: Assets (AS) (HKD mn) 213,245.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Current Account (CA) (HKD mn) 71,195.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CFA: Reserve Assets (HKD mn) -9,113.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: Portfolio Investment (PI) (HKD mn) -44,692.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Capital Account (HKD mn) -104.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: FD: Liabilities (HKD mn) -149,798.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: Other investment (OI) (HKD mn) 111,045.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: OI: Assets (HKD mn) 128,563.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Overall Balance (HKD mn) 16,099.000 Sep 2023 quarterly Mar 1999 - Sep 2023
BoP: CA: Services: Credit (HKD mn) 202,933.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: Direct Investment (DI) (HKD mn) 16,991.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Current Account: Debit (HKD mn) 1,855,458.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: SInc: Debit (HKD mn) 8,334.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: DI: Liabilities (LB) (HKD mn) 196,253.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Services (HKD mn) 27,345.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Capital Account: Credit (HKD mn) 2.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Current Account: Credit (HKD mn) 1,926,653.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: OI: Liabilities (HKD mn) 17,518.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Financial Account (FA) (HKD mn) 37,426.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Services: Debit (HKD mn) 175,588.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: Financial Derivatives (FD) (HKD mn) -36,805.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: FD: Assets (HKD mn) -186,603.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: Capital Account: Debit (HKD mn) 107.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: PI: Assets (AS) (HKD mn) -49,827.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: FA: PI: Liabilities (LB) (HKD mn) -5,135.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Primary Income (PInc) (HKD mn) 54,987.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: Goods: Credit (HKD mn) 1,244,478.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: PInc: Credit (HKD mn) 475,246.000 Dec 2023 quarterly Mar 1999 - Dec 2023
BoP: CA: SInc: Credit (HKD mn) 3,996.000 Dec 2023 quarterly Mar 1999 - Dec 2023
International Investment Position (IIP): Assets (HKD mn) 48,301,734.000 Dec 2023 quarterly Mar 2010 - Dec 2023
IIP: Net (HKD mn) 13,939,415.000 Dec 2023 quarterly Mar 2010 - Dec 2023
IIP: Liabilities (HKD mn) 34,362,319.000 Dec 2023 quarterly Mar 2010 - Dec 2023
External Debt (ED): Total (HKD mn) 14,362,420.000 Dec 2023 quarterly Mar 2002 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Dec 2023 quarterly Mar 1997 - Dec 2023
Household Debt: % of GDP (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Money Supply M1 (USD mn) 195,456.064 Feb 2024 monthly Jan 1985 - Feb 2024
Money Supply M2 (USD mn) 2,190,041.221 Feb 2024 monthly Dec 1980 - Feb 2024
M2 Growth (%) 4.0 Feb 2024 monthly Dec 1981 - Feb 2024
Foreign Exchange Reserves (USD mn) 425,016.0 Feb 2024 monthly Apr 2000 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 111.333 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 9.3 May 2023 monthly Apr 2000 - May 2023
Gold Reserves (USD mn) 136.000 Feb 2024 monthly Dec 1990 - Feb 2024
Total Deposits (USD mn) 2,064,658.124 Feb 2024 monthly Jan 1991 - Feb 2024
Total Deposits Growth (%) 5.0 Feb 2024 monthly Jan 1992 - Feb 2024
Domestic Credit (USD mn) 1,000,734.2 Dec 2023 monthly Dec 1990 - Dec 2023
Domestic Credit Growth (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Debt Service Ratio: Private Non-Financial Sector (%) 36.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 353.832 Sep 2023 quarterly Dec 1990 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 1,367.551 Sep 2023 quarterly Dec 1978 - Sep 2023
Household Debt (USD mn) 355,071.2 Dec 2023 quarterly Mar 1982 - Dec 2023
Total Loans (USD mn) 1,278,348.157 Feb 2024 monthly Dec 1978 - Feb 2024
Total Loans Growth (%) -5.94 Feb 2024 monthly Dec 1979 - Feb 2024
Private Debt: % of Nominal GDP (%) 211.18 Dec 2023 quarterly Dec 1973 - Dec 2023
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: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
BTS: Expected Changes: Business Situation (BS): sa (%) 1.000 Mar 2024 quarterly Mar 2008 - Mar 2024
BTS: Expected Changes: BS: sa: Retail (%) 3.000 Mar 2024 quarterly Mar 2008 - Mar 2024

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