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Hong Kong's Mid-2024 Population Estimated at 7.53 Million, Shows Minor Increase Despite Natural Decrease.

HK

Hong Kong's Mid-2024 Population Estimated at 7.53 Million, Shows Minor Increase Despite Natural Decrease.
HK

HK

Hong Kong's Mid-2024 Population Estimated at 7.53 Million, Shows Minor Increase Despite Natural Decrease.

2024-08-15 16:30 Last Updated At:19:58

Mid-year population for 2024

According to the statistics released by the Census and Statistics Department today (August 15), the provisional estimate of the Hong Kong population was 7 531 800 at mid-2024, representing an increase of 0.1% from end-2023 and a decrease of 0.1% from mid-2023.

A natural decrease (i.e. deaths surpassing births) of 18 100 was recorded during the period from mid-2023 to mid-2024, with 34 400 births and 52 400 deaths. Over the same period, a net inflow of 13 800 Hong Kong residents (i.e. inflow more than outflow) was recorded, with an inflow of 44 000 One-way Permit holders and a net outflow of 30 200 other Hong Kong residents.

Among the total population at mid-2024, 7 287 400 were Usual Residents and 244 400 were Mobile Residents. The revised figure for the year-end population for 2023 was 7 527 900. The number of Usual Residents was revised to 7 246 400 and the number of Mobile Residents to 281 500. The rate of change in population from end-2022 to end-2023 was also revised to +0.7%.

Table 1 presents estimated total population as at mid-2024, while Table 2 presents population figures from mid-2013 to mid-2024.

Commentary

A government spokesperson pointed out that, benefiting from various measures on talent attraction and labour importation, there was sizable inflow of persons from the Mainland and other places around the world to Hong Kong in the first half of 2024, resulting in an increase in the population as at mid-2024 as compared to end-2023.

On the other hand, following the full resumption of normal travel in early 2023, quite a number of Hong Kong residents who were used to live abroad had successively returned to Hong Kong for short durations. As a result, the population recorded a notable increase as at mid-2023 as compared to a year earlier. This situation then restored to normalcy gradually in the later part of 2023, resulting in a slight decline in the population as at end-2023 and mid-2024 as compared to mid-2023.

Further information

"Usual Residents" refer to two categories of people: (1) Hong Kong Permanent Residents who have stayed in Hong Kong for at least three months during the six months before or for at least three months during the six months after the reference time-point, regardless of whether they are in Hong Kong or not at the reference time-point; and (2) Hong Kong Non-permanent Residents who are in Hong Kong at the reference time-point.

For those Hong Kong Permanent Residents who are not "Usual Residents", they are classified as "Mobile Residents" if they have stayed in Hong Kong for at least one month but less than three months during the six months before or for at least one month but less than three months during the six months after the reference time-point, regardless of whether they are in Hong Kong or not at the reference time-point.

Under the current practice, the latest population estimate is released on a provisional basis in each round. The revised estimate will be released six months later. In other words, while the provisional population estimate for mid-2024 is released today, the corresponding revised estimate will be released in February 2025.

Source: AI-generated images

Source: AI-generated images

Analytical Accounts of Exchange Fund

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA) released today (October 14) the key analytical accounts of the Exchange Fund at the end of September 2024.

Foreign assets, representing the external assets of the Exchange Fund, decreased during the month by HK$21.4 billion to HK$3,485.9 billion.

The Monetary Base, comprising Certificates of Indebtedness, Government‑issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$1,941.4 billion.

Claims on the private sector in Hong Kong amounted to HK$293.4billion.

Foreign liabilities amounted to HK$26.6 billion.

The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund's Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).

Release calendar

The release calendar of the Analytical Accounts of the Exchange Fund for 2025 is announced below:

Reference Month

Release Date

January 2025

February 14, 2025

February 2025

March 14, 2025

March 2025

April14, 2025

April 2025

May 14, 2025

May 2025

June 13, 2025

June 2025

July 14, 2025

July 2025

August 14, 2025

August 2025

September 12, 2025

September 2025

October 14, 2025

October 2025

November 14,2025

November 2025

December 12, 2025

December 2025

January 14, 2026

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At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund's SDDS. The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of October 2024, the scheduled dates for issuing the press releases are as follows:

October 7

(Issued)

SDDS International Reserves

(Hong Kong's Latest Foreign Currency Reserve Assets Figures)

October 14

SDDS Analytical Accounts of the Central Bank

(Analytical Accounts of the Exchange Fund)

October 31

SDDS Template on International Reserves and

Foreign Currency Liquidity

October 31

Exchange Fund Abridged Balance Sheet and

Currency Board Account

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