Hong Kong’s sports sector in 2024 helped generate extra HK$46b in value

Hong Kong's sports sector contributed an additional HK$46 billion (US$5.9 billion) to the economy in 2024, with local athletes winning two gold and two bronze Olympic medals during the Paris Games. The Census and Statistics Department released an analysis showing that the sports industry and related activities generated 1.5% of the city's total value added at basic prices, or 2.2% of the GDP at market prices.

Approximately 84,000 people were employed in the sector, accounting for 2.3% of total employment. The operation of sports facilities and clubs was the largest employer, constituting 47% of the sector's employment, followed by manufacturing and retail of sports goods at 20% and 19% respectively. Supporting services, including construction, betting, publication, medical treatments, and insurance, made up 39% of value added at basic prices and 28% of employment.

Lawmaker Vincent Cheng Wing-shun called for targeted policies to build on this success, suggesting the creation of a database to assess local demand for sports talent and offering tax incentives.