top of pageBackground: Pursuant to the agreement signed by China and the UK on 19 December 1984, Hong Kong will become a special administrative region of China on 1 July 1997. Under the terms of this agreement, China has promised that Hong Kong shall enjoy a high degree of autonomy in all matters except foreign and defense affairs.
Climate: tropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
Terrain: hilly to mountainous with steep slopes; lowlands in north
top of pageReligions: eclectic mixture of local religions 90%, Christian 10%
Birth rate: 12.16 births/1000 population (1994 est.)
Death rate: 5.85 deaths/1000 population (1994 est.)
top of pageGovernment type: dependent territory of the UK scheduled to revert to China in 1997
Independence: none (dependent territory of the UK; the UK signed an agreement with China on 19 December 1984 to return Hong Kong to China on 1 July 1997; in the joint declaration, China promises to respect Hong Kong's existing social and economic systems and lifestyle)
Constitution: unwritten; partly statutes, partly common law and practice; new Basic Law approved in March 1990 in preparation for 1997
Suffrage: direct election 21 years of age; universal for permanent residents living in the territory of Hong Kong for the past seven years; indirect election limited to about 100,000 professionals of electoral college and functional constituencies
Legislative branch: Headquarters of British Forces, Royal Navy, Royal Air Force, Royal Hong Kong Auxiliary Air Force, Royal Hong Kong Police Force
Legislative Council: indirect elections last held 12 September 1991 and direct elections were held for the first time 15 September 1991 (next to be held in September 1995 when the number of directly-elected seats increases to 20); results - percent of vote by party NA; seats - (60 total; 21 indirectly elected by functional constituencies, 18 directly elected, 18 appointed by governor, 3 ex officio members); indirect elections - number of seats by functional constituency NA; direct elections - UDHK 12, Meeting Point 3, ADPL 1, other 2
International organization participation: COCOM (cooperating), APEC, AsDB, CCC, ESCAP (associate), GATT, ICFTU, IMO (associate), INTERPOL (subbureau), IOC, ISO (correspondent), WCL, WMO
Flag description: blue with the flag of the UK in the upper hoist-side quadrant with the Hong Kong coat of arms on a white disk centered on the outer half of the flag; the coat of arms contains a shield (bearing two junks below a crown) held by a lion (representing the UK) and a dragon (representing China) with another lion above the shield and a banner bearing the words HONG KONG below the shield
top of pageEconomy overview: Hong Kong has a bustling free market economy with few tariffs or nontariff barriers. Natural resources are limited, and food and raw materials must be imported. Manufacturing accounts for about 17% of GDP. Goods and services exports account for about 50% of GDP. Real GDP growth averaged a remarkable 8% in 1987-88, slowed to 3.0% in 1989-90, and picked up to 4.2% in 1991, 5.0% in 1992, and 5.2% in 1993. Unemployment, which has been declining since the mid-1980s, is now about 2%. A shortage of labor continues to put upward pressure on prices and the cost of living. Short-term prospects remain bright so long as major trading partners continue to be reasonably prosperous.
Agriculture products: minor role in the economy; local farmers produce 26% fresh vegetables, 27% live poultry; 8% of land area suitable for farming
Industries: textiles, clothing, tourism, electronics, plastics, toys, watches, clocks
Budget: revenues:$19.2 billion
Exports: $145.1 billion (including re-exports of $104.2 billion )(f.o.b., 1993 est.)
Commodities: clothing, textiles, yarn and fabric, footwear, electrical appliances, watches and clocks, toys
Partners: China 32%, US 23%, Germany 5%, Japan 5%, UK 3% (1993 est.)
Imports: $149.6 billion (c.i.f., 1993 est.)
Commodities: foodstuffs, transport equipment, raw materials, semimanufactures, petroleum
Partners: China 36%, Japan 19%, Taiwan 9%, US 7% (1993 est.)
Exchange rates: Hong Kong dollars (HK$) per US$ - 7.800 (1993), 7.741 (1992), 7.771 (1991), 7.790 (1990), 7.800 (1989; note - linked to the US dollar at the rate of about 7.8 HK$ per 1 US$ since 1985
top of pagetop of pagetop of pageMilitary expendituresDollar figure: exchange rate conversion - $300 million, 0.5% of GDP (1989 est.), this represents one-fourth of the total cost of defending itself, the remainder being paid by the UK
top of pagetop of pageIllicit drugs: a hub for Southeast Asian heroin trade; transshipment and major financial and money-laundering center
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