Australia and Hong Kong Economies: A Side-by-Side Table Comparison

In comparing Australia and Hong Kong, Australia boasts a population about 3.5 times larger and a landmass 7,036 times greater. Economically, Australia’s GDP is nearly 4.7 times more, yet its economic freedom is notably lower. Hong Kong shows higher income inequality and a more diverse export market.

Basic Indicators

Indicator	Australia	Hong Kong	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	7.35 million (100th)	Australia’s population is approximately 3.5 times larger than Hong Kong’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.0011 million sq. km (164th)	Australia is 7,036 times larger than Hong Kong.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	359.84B USD (41st)	Australia’s total GDP is approximately 4.7 times larger than Hong Kong’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	48,984 USD (23rd)	Australia’s GDP per capita is roughly 33% higher than Hong Kong’s, with Australians producing about $16,116 more per person annually.

Economic Indexes

Index	Australia	Hong Kong	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.956 (4th)	Australia’s HDI is 0.946 (very high), while Hong Kong’s is 0.956 (very high). Hong Kong’s score is 0.010 higher, indicating slightly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	89.1 (2020) (46th)	Australia’s Index of Economic Freedom is 14.9% lower than Hong Kong’s, 12.9 points less.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	53.9 (2016 est.)	With a 36% higher Gini coefficient, Hong Kong has a higher degree of income inequality than Australia.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Hong Kong
Total imports	363.57B USD	670.09B
Imports % of GDP	19.71%	189.93%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 44%, Taiwan 11%, Singapore 8%, South Korea 5%, Japan 4%
Main import items	refined petroleum, cars, garments, trucks, plastic products	integrated circuits, broadcasting equipment, machine parts, gold, jewelry
Total exports	447.51B USD	673.31B
Exports % of GDP	25.43%	193.86%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	China 21%, India 13%, Netherlands 6%, Switzerland 4%, US 3%
Main export items	coal, iron ore, natural gas, gold, wheat	gold, integrated circuits, gas turbines, broadcasting equipment, machine parts

Australia’s imports are about half of Hong Kong’s, and Australia imports 75% less of its GDP compared to Hong Kong. Australia’s exports are 447.51B USD, focusing on raw materials, while Hong Kong’s 673.31B USD exports are high-tech and diverse.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Hong Kong
Military expenditure	32.3B USD	No military
Military expenditure (% of GDP)	1.90%	0.00%
Active military	59k	None
Active military per 1,000 capita	3.8	0