HK sports sector generates HK$46b in 2024
Hong Kong’s sports industry generated HK$46 billion in new economic value in 2024, accounting for 1.5 percent of the city’s total output, according to the Census and Statistics Department. In an article published on Monday, the department noted that sports and related activities contributed HK$70 billion to the gross domestic product — representing 2.2 percent of the market-price total. This…
In 2024, Hong Kong's sports sector generated HK$46 billion in new economic value, constituting 1.5% of the city's total output, according to the Census and Statistics Department. The sports industry contributed HK$70 billion to the GDP, representing 2.2% of the market-price total, a slight decrease of 0.1 percentage point from 2023.
The sector employed around 84,000 people, accounting for 2.3% of total employment, a figure largely unchanged from the previous year. The operation of sports facilities and clubs, including sports education, was the largest contributor, accounting for 35% of total value added and employing 39,000 people, or 47% of the workforce.
The manufacturing and trade of sports-related goods contributed 20% of value added, with 16,000 jobs (19% of total employment). The sports tourism segment, including retail, accommodation, and food and beverage services for visitors, contributed 5% of value added and supported approximately 6,000 jobs, or 7% of sector employment.
Vincent Cheng, a DAB lawmaker, expressed optimism about the industry's growth and called for government support to help small and medium-sized enterprises seize emerging opportunities, as well as stronger promotion of sports-related tourism products to revitalize local economies.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- HK sports sector generates HK$46b in 2024 news.rthk.hk
