Hong Kong Average Salaries & Expenditures

 
Contents
Average Salary per Job   Average Salary per Sector   Total Personal Average Income   Consumption Expenditure   Workforce Composition
Vacation Time   Exchange Rates   Cost of Living   References
 
 

Average Salary in Hong Kong - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Electronics Engin. Tech. average salary PPP $ 2,280 $ 2,008 Normal hours of work, men only, 2002. 15,200 dollars 5% 49.6
Hotel Receptionist average salary PPP $ 1,739 $ 1,305 Normal hours of work, 2005. 10,685 dollars 5% 48.0
Office Clerk average salary PPP $ 1,656 $ 1,243 Normal hours of work, 2005. 10,175 dollars 5% 42.5
Chambermaid average salary PPP $ 1,628 $ 1,222 Normal hours of work, 2005. 10,000 dollars 5% 48.5
Car Mechanic average salary PPP $ 1,576 $ 1,183 Normal hours of work, 2005. Assuming 20 working days in a month. 9,682 dollars 5% 46.3
Salesperson average salary PPP $ 1,400 $ 1,051 Normal hours of work, 2005. 8,601 dollars 5% 50.9
Garment Cutter average salary PPP $ 1,224 $ 918 Normal hours of work, 2005. Labourer in the spinning, weaving, and finishing textiles industry. 7,518 dollars 5% 46.0
Sector              
Transport-Communication median income PPP $ 1,709 $ 1,283 Employees, 2005. 10,500 dollars 5% 47.6
All Sectors median income PPP $ 1,562 $ 1,173 Employees, 2005. 9,600 dollars 5% 47.0
Manufacturing median income PPP $ 1,546 $ 1,160 Employees, 2005. 9,500 dollars 5% 46.4
Construction median income PPP $ 1,465 $ 1,099 Employees, 2005. 9,000 dollars 5% 42.6
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by the Hong Kong Census and Statistics Department to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions reflect the 2004 income tax rates in Hong Kong. The deductions include social security and income tax . The deductions are representative of single-earner-married-without-child status.
  (4) The weekly hours are based on data supplied by the Hong Kong Census and Statistics Department to the International Labour Organization [9]. The hours by sector correspond to the hours actually worked while the hours by job correspond to the normal hours of work.
 
 
 
 

Personal Average Income

:
annual, per capita, incl. non-monetary income
   Disposable (1)  Gross (2)  Salary   Business   Property   Transfer     
2004
9,853
57,000
 
10,372
60,000
 
 
 
 
 
constant 2005 US$ at PPP
current dollars
(1)    Deductions on gross income are approximate.
(2)    Median.
Source: Hong Kong General Household Survey [9], 2004 (3.1 persons per household).
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food (2)  Apparel   Education   Transport     
2000
9,057
60,312
 
288
1,920
 
2,009
13,380
 
1,248
8,309
 
508
3,384
 
416
2,772
 
1,040
6,924
 
constant 2005 US$ at PPP
current dollars
(1)    Excl. owner-imputed rent. Incl. actual rentals, water, supply, repairs, fuel, lighting, furniture, household equipment.
(2)    Incl. tobacco and alcoholic beverages.
Source: Hong Kong Household Expenditure Survey [9], 1999-2000 (3.4 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 0.3   6.7       73.5   5.9  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
3.4 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
6.94 million (2006).
Source:   CIA World Factbook [b].
 

Vacation Time

 :  
7 days per year legally required vacation time [e].
 

Inflation

 :  
107.0 (2000), 105.3 (2001), 102.1 (2002), 99.4 (2003), 99.4 (2004), 100.5 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
7.543 (2000), 7.244 (2001), 6.869 (2002), 6.309 (2003), 5.957 (2004), 5.837 (2005);
Source:   IMF PPP exchange rates [d], euros per U.S. dollar.
 

Nominal Exchange Rate

 :  
7.792 (2000), 7.800 (2001), 7.799 (2002), 7.785 (2003), 7.788 (2004), 7.777 (2005);
Source:   Interbank nominal exchange rates [a], Hong Kong dollars per U.S. dollar.
 

Cost of Living

 :  
0.968 (2000), 0.929 (2001), 0.881 (2002), 0.810 (2003), 0.765 (2004), 0.751 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References

 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
 
Other links:
Social Security in Hong Kong, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Hong Kong Economy Overview, CIA World Factbook.
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