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Hong Kong SAR, China Unemployment Rate

Unemployment as % of total labor force  SL.UEM.TOTL.ZS

2.80% −0.21pp (-6.9%)
Year 2025 Rank #32 Global Peak 7.86% (2003) Source World Bank

Hong Kong SAR, China Unemployment Rate (1980–2025)

Overview

Hong Kong SAR, China's unemployment rate stood at 2.80% in 2025, a decline of +0.21pp from 2024. The IMF projects 3.37% by 2025. Hong Kong SAR, China ranked 32nd globally.

Data & projection

Year Unemployment Rate YoY change Rank
2030* IMF 2.75% - -
2029* IMF 2.89% - -
2028* IMF 3.03% - -
2027* IMF 3.18% - -
2026* IMF 3.28% - -
2025* IMF 3.37% - -
2025 2.80% −0.21pp #32
2024 2.99% +0.01pp #41
2023 2.95% −1.40pp #38
2022 4.32% −1.09pp #75
2021 5.17% −0.35pp #78
2020 5.81% +2.90pp #86
2019 2.92% +0.11pp #34
2018 2.81% −0.35pp #30
2017 3.12% −0.26pp #34
2016 3.39% +0.09pp #40
2015 3.31% +0.07pp #37
2014 3.30% −0.10pp #38
2013 3.40% +0.10pp #39
2012 3.29% −0.18pp #35
2011 3.42% −1.00pp #36
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +11.7% GDP growth 3.8% C/A balance 4.6%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw unemployment rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Hong Kong SAR, China's unemployment rate?

Hong Kong SAR, China's unemployment rate was 2.80% in 2025. Ranked 32nd globally. This represents a 6.9% decrease from the previous year.

What was the highest unemployment rate in Hong Kong SAR, China?

Hong Kong SAR, China's unemployment rate peaked at 7.86% in 2003.

What was the lowest unemployment rate in Hong Kong SAR, China?

The lowest unemployment rate in Hong Kong SAR, China was 1.08% in 1989.

How does Hong Kong SAR, China rank in unemployment rate?

Hong Kong SAR, China ranks 32nd globally in unemployment rate as of 2025.

What is the World Bank indicator code for unemployment rate?

The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.

What is the projected unemployment rate of Hong Kong SAR, China in 2025?

Hong Kong SAR, China's unemployment rate is projected to reach 3.37% by 2025 based on IMF projection.

What is the unemployment rate of Hong Kong SAR, China in 2025?

The unemployment rate of Hong Kong SAR, China in 2025 was 2.80%. This ranks 32nd in the world.

Cite this page

APA
Hong Kong SAR, China Unemployment Rate. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/hong-kong-sar-china/unemployment-rate
BibTeX
@misc{historysaid_hong-kong-sar-china_unemployment-rate, title = {Hong Kong SAR, China Unemployment Rate}, url = {https://historysaid.com/hong-kong-sar-china/unemployment-rate}, publisher = {HistorySaid}, year = {2026} }