Salaries vary drastically between different careers. If an employment is a Hong Kong employment, the income from employment services rendered both in and outside Hong Kong is regarded as Hong Kong sourced employment income. However, salaries increased to an average of 17,200 HKD per month in the 2nd quarter of 2019. Cite This Article. Hong Kong has also established itself as the premier stock market for Chinese firms seeking to list abroad. Fast-food restaurant data. Among them, the per capita consumption expenditure of urban residents was 27,007 yuan, a decrease of 3.8 percent, after deducting the price factor, the . Methods: In a population-based prospective cohort, adult participants aged 18 years or older were assessed at nine timepoints from 2009. continue to grow, the real wage and household income fall behind. Hong Kong's house price-to-income ratio is 18.1, meaning that, at the city's median annual household income of HK$300,000, the median cost of a home is more than HK$5.4 million. Gdp ppp\per capita in 2020 59520$, Gdp ppp 444,86milliards\billions dollars . Wages in Hong Kong increased to 17182 HKD/Month in the third quarter of 2021 from 17019 HKD/Month in the second quarter of 2021. Households Debt in Hong Kong increased to 91.80 percent of GDP in the second quarter of 2021 from 91.40 percent of GDP in the first quarter of 2021. The population density per district varies from 825 (Islands) to 56,779 (Kwun Tong) per km 2. Income: The median monthly domestic household income++ for 2014 was $23,500. Sources: Census and Statistics Department; Hong Kong Monetary Authority. Download Historical Data. The poverty line in Hong Kong is divided by the number of households and is set at 50% of the median monthly household income (before policy intervention) for the household group. Download Video . Asia Pacific Cohort Studies Collaboration. Annual Report 2020/21 . The median household income in 2020 was $9,189. Hong Kong 2016 Population By-census - Thematic Report：Household Income Distribution in Hong Kong [- Accompanying Files] [Excel Tables] [Bilingual(Traditional Chinese and English)] hitting 4.6 years in 2017 and 5.7 years in 2020. Persons engaged covers employees at all levels and proprietors/family workers actively engaged in the work of the establishment. Sun Feb 02 2020 09:01:00 GMT+0000 (UTC) Sun Feb 02 2020 09:01:00 GMT+0000 (UTC) Canada is a wealthy country, though salaries are always dependent on level of skill, location and job industry so if you plan to work in Canada learn which areas have the highest or lowest median household income for each industry. Over 15,500 Illinois Households Benefited from Illinois American Water's Customer Assistance Programs in 2020 and 2021 Approximately $4 million provided to assist customers and help prevent . September 21, 2020. Frontier Centre for Public Policy.Hong Kong's median property price dropped slightly to 20.7 times its median household income in 2020, from However, second on the country list was . The house price in Hong Kong is well-known to be "unaffordable." This paper argues that . In 2020, China's per capita consumption expenditure was 21,210 yuan, a nominal decrease of 1.6 percent over the previous year, and a real decrease of 4.0 percent after deducting price factors. GDP per capita (current US$) - Hong Kong SAR, China. Budgets 2022/23 . Changes of Household Particulars. Overall, the median household income of the respondents was HK$10,000 (US$1,283), with 10.4 per cent saying they had no source of income at all and were living off savings or borrowed money. Hong Kong Poverty Situation Report 2020 Table of Contents i Table of Contents Page Table of Contents i List of Figures iii . The 50th percentile of workers in Hong Kong earned $74.40 an hour in 2020, the Census and Statistics Department has calculated.The median monthly wage of employees in Hong Kong rose 1.5% to $18,400 in May-June 2020, the Census and Statistics Department (C&SD) has reported.This is slightly higher than the $18,200 median recorded in the same period in 2019.The 10th and 25th percentile monthly . Abstract. Between 2019 and 2020, the real median earnings of all workers decreased by 1.2%, while the real median earnings of full-time, year-round workers increased 6.9%. The burden of overweight and obesity in the Asia-Pacific region. In 1990s, Hong Kong's capital share was lower than the level in most of the high-income nations. . Hong Kong in administration is divided into 3 regions and 18 districts. This indicator is presented both in terms of annual growth rates (for real net disposable income) and in terms of USD per capita at current . Income and Wealth Inequality in Hong Kong, 1981-2020: The Rise of Pluto-Communism? Total wealth—that is, financial assets and real assets minus liabilities—rose by 7.2% in North America to US$136 trillion; by 9.5% to nearly US$117 trillion in Asia ex-Japan; and by 4.1% in . What is the poverty level in Hong Kong? Hong Kong in administration is divided into 3 regions and 18 districts. Districts. A person working in Hong Kong typically earns around 36,600 HKD per month. Email Email Icon Hidden. This is the first statistically significant decline in median household income since 2011. The national median family income for the United States for FY 2021 is $79,900, an increase over the national median family income in FY 2020 of $78,500. Income is the gauge many use to determine the well-being of the U.S. population. Explaining the Gini coefficient Developed by Italian statistician Corrado Gini in 1912, the Gini coefficient ranges from 0 to 1, but is often written as a percentage. The most typical earning is 482,999 HKD.All data are based on 1,835 salary surveys. . Same region. Moving Out. Monday 20 January 2020 2020 16th ANNUAL DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY SURVEY . Telephone no. The sales of dog and cat food are expected to reach over $200 million in For the ninth year in a row, Hong Kong has the . The poverty line in 2019 is HK$4,500 per month for 1 person, HK$10,000 for 2 people, HK$16,600 for 3 people, HK$21,400 for 4 people, HK$22,000 for 5 people, and HK . household-survey@censtatd.gov.hk. To do this, file Form 1040-X. Hong Kong has a Median Multiple of 20.9, the least affordable Median Multiple yet recorded. This page provides - Hong Kong Wage Index - actual values . The worldwide highest income is earned in Monaco. Average income around the world. Survey and census questions cover poverty, income, and wealth. In Hong Kong, political tensions took a toll on tourism and consumer spending. Survey on Household Income. We compiled the latest list of fast-food restaurants in Hong Kong in July 2020 from a popular and comprehensive website for food and restaurant reviews in Hong Kong, OpenRice (www.openrice.com). household income metropolitan markets (housing markets) are evaluated, including three megacities, with more . Hong Kong gni per capita for 2017 was $46,390, a 7.96% increase from 2016. Economy of Hong Kong; . Hong Kong's coronavirus-induced economic slump is hitting both working-class and middle-class families, with more than 100,000 households driven into poverty, a new analysis shows. In case an Hong Kong Immigrant Visa Unit 8000 Hong Kong Place Washington, DC 20521-8000. Hong Kong gni per capita for 2020 was $48,630, a 3.66% decline from 2019. Photo: Wikicommons. Main poverty situation and its trend in 2020 . Larger household size, higher social support and lower caregiving burden also had salient association with higher household income. During the decade, According to the Hong Kong Census Reports, Hong Kong's Gini coefficient based on original monthly household income rose from 0.533 in 2006 to 0.539 in 2016, and the Gini coefficient based on post-tax post-social transfer monthly household income was 0.473 in 2016, which is worse than Epub 2020 Mar 21. This statistic describes the median monthly household income in Hong Kong in selected years from 2009 to 2019. This is the average monthly salary including housing, transport, and other benefits. The poverty line, calculated at half of the city's median monthly income, stands at HK$4,400 for one person and HK$20,400 for a four-person household.The 2020 poverty rate before government intervention rose from 21.4 per cent in 2019, while the actual poverty rate fell from 9.2 per cent. We examined the associated population mental health burden, risk factors, and health-care needs. Tel: (852) 2841-2211 Fax: (852) 2845-4845 Internet: https://hk.usconsulate.gov/visas/ Hong Kong's Adoption Authority Adoption Unit Social Welfare Department Room 201, 2/F., North Point Government Offices 333 Java Road, North Point, Hong Kong Tel: (852) 3595 1935 Fax . Hong Kong's median property price dropped slightly to 20.7 times its median household income in 2020, from 20.8 times the year prior. 2019 Median Household Income in the United States. Income & Poverty. . "And within the Hong Kong Government's policies for most of these benefit or welfare programmes, we base (it) on family for doing any kind of assessment. Ten years later, the income share of the lowest decile dropped to 0.6% of the total income while the top 10% remained relatively stable at 41.0%. According to the company's third-quarter report, 42.7 percent of the fund traded in "China/Hong Kong" stock, including household names Tencent and Alibaba. When twice the change in national median incomes is greater than five percent, this higher value is used as the cap on increases in the calculation of income limits. Wan Chai has the highest median monthly household income in 2015. These include slower GDP growth, reduced income mobility, greater household debt, political polarization, and higher poverty rates. and HK$15,000 or a three-person household. The most paid careers are Management & Business with average income 839,795 HKD and Law with income 744,754 HKD. The pth percentile hourly wage is the . lowest 10 percent (in terms of household income) accounted for a mere 0.9% of the total income in Hong Kong. "And within the Hong Kong Government's policies for most of these benefit or welfare programmes, we base (it) on family for doing any kind of assessment. Household income includes the incomes of all people living in the home, whether they are related or not. . The relationship between schizophrenia and household poverty appeared to be mediated by . Household income edges up in Q3 2020 04/02/2021 PNG A sharp 9.1% rise in real GDP per capita in the OECD area in the third quarter translated into a much smaller increase of just 0.6% in real household income per capita, a measure which helps gauge people's economic well-being. Authors Yue . Demographia International Housing Affordability rates middle-income housing af-fordability in 92 major housing markets1 (1,000,000 or more population) in 8 nations (Australia, Canada, China [Hong Kong only], Ireland, New Zealand, Singapore, the United Kingdom and the United States).2 This 2021 edition rates housing affordability for the Hong Kong families are facing an average wait of 6 years for public housing, marking a 23-year high. The latest Hong Kong poverty report has confirmed the continual worsening of the situation in the city. The statistics in the report are mainly based on data collected in the General Household Survey during January to December 2020, which may be regarded as referring to . The University of Hong Kong, Hong Kong, China. Population characteristics like age, sex and marital status, and household characteristics like household size, household income, type and tenure of accommodation are included. Epidemiology of cardiovascular risk factors in Hong Kong. The Census and Statistics Department (C&SD) released the results of the study on household income distribution in Hong Kong in 2016 today (June 9) in the "Thematic Report on Household Income Distribution in Hong Kong". Salaries range from 9,260 HKD (lowest average) to 163,000 HKD (highest average, actual maximum salary is higher).. Characteristics of local coronavirus disease case-patients with a valid residential address, Hong Kong, 2020 Table 2. 3 I. Average household size keeping dogs/cats2.9 2.9 Monthly medium household income (USD$)$4,653 $4,743 . Abstract . The distribution of domestic households in Hong Kong by monthly household income++ was as follows: % of total Monthly household income ($) domestic households Under 4,000 5.4 4,000-5,999 5.3 6,000-7,999 4.8 8,000-9,999 4.9 10,000-14,999 11.3 15,000-19,999 10.6 The 3 regions are: Hong Kong Island (HK), Kowloon (KLN), and the New Territories (NT). March 2020 . is stipulated at "50% of median monthly household income". . Key among these factors is the source of income, which in this case, refers to the type of profession. Explore data related to income using the 2019 ACS 1-year estimates through an interactive state map. For the first six months of 2020, Hong Kong imports of dog and cat food reached nearly $80 million, an increase of almost 23 percent over the same period in 2019. Line Bar Map. Payroll per person engaged, commonly taken as an indicator of labour earnings, is the simple average of payroll received by individual persons engaged. Wages in Hong Kong averaged 13028.77 HKD/Month from 1999 until 2021, reaching an all time high of 17304 HKD/Month in the third quarter of 2019 and a record low of 10382 HKD/Month in the first quarter of 2005. Corporate Plan 2022/23 . 2fi, NO. Some housing researchers attribute this extreme ratio to the forces of supply and demand, whereas others believe that the problem is not a lack of housing but . Taking a three-member household as an example, the poverty line was HK$10,500 in 2011 and HK$13,000 in 2014 (Table 2). World Bank national accounts data, and OECD National Accounts data files. For 2020 as a whole, the median monthly household income plunged by 5.6% from a year earlier, and that of the grassroots households even fell by 8.1%. 5/F, Fortress Tower, 250 King's Road, North Point, Hong Kong. License : CC BY-4.0. The poverty rate and total number have reached their highest level since 2009, with more . Hong Kong (CNN)When Marta came to Hong Kong in 2011, she was a 29-year-old single mother, looking for a job that could support her young daughter and sick father back in the Philippines. Average salary in Hong Kong is 579,287 HKD per year. The economy of Hong Kong is a highly developed free-market economy. Chart 1: Hong Kong's household debt on the rise since the 2008-09 GFC Note: (*) 2014 GDP figure was used when expressing the share of household debt at end-September 2015 in terms of GDP. Aggregates. Number of domestic households in Hong Kong 2010-2020 Published by C. Textor , Aug 19, 2021 This statistic shows the number of domestic households in Hong Kong from 2010 to 2020. Median household income was $67,521 in 2020, a decrease of 2.9% from the 2019 median of $69,560. . Trends in wages decreased by -100.0 percent in Q3 2021. Associations of poverty rate and housing type with sizable coronavirus disease clustering, Hong Kong, 2020 Top. Figure 2.8 Pre- and post-intervention household income distribution, 2020 20 Figure 2.9 Poverty lines by household size, 2009-2020 21 . Men receive an average salary of 670,746 HKD.Women receive a salary of 507,149 HKD.. The location of 490 secondary schools in 3 regions and 18 districts in Hong Kong. Hong Kong's economy contracted by about 6.1% in 2020 from a year earlier, following a decline of 1.2% in 2019, according to government estimates. In our comparison over 69 countries, the USA comes 8th with an average income of 64,550 USD. Hong Kong Housing Authority and Housing Department. 1 Characteristics of Mutual Fund Investors, 2020 KEY FINDINGS » In 2020, most households that owned mutual funds were headed by individuals in their peak earning and saving years. Email. By its definition, 50% of Singapore households would be earning less than the median, while another 50% would be earning more than the median. A combination of declining income and escalating property prices during 2020 prompted affordability to worsen in most cities. Secondly, the average monthly household income differs quite greatly between families who live in HDB flats and those who live in private properties.
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