Hong Kong is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Hong Kong is able to provide social services such as public education, health care, and law enforcement to its citizens. Citizens of developed countries enjoy a high standard of living and a longer life expectancy than citizens of developing countries. Each year Hong Kong exports around $ 456.4 billion and imports approximately $ 520.6 billion. 3.2% of the country's population are unemployed. The total number of unemployed in Hong Kong is 237,724. In Hong Kong, 19.6% of the population live below the poverty line. The proportion of people living below the poverty line in Hong Kong is relatively high, but this is not a cause for total concern about investment. Potential financiers should look at other economic indicators, including GDP, rate of urbanization, and currency strength, before making any investment decisions. Government spending on education is 4.5% of GDP. The country's Gini index is 53.7. Hong Kong is experiencing inequality. The gap between the richest and poorest citizens in this country is wide and obvious, resulting in drastically different standards of living for rich and poor citizens. Hong Kong has a Human Development Index (HDI) of 0.891. Hong Kong has a very high HDI. This suggests that almost all citizens are able to lead a desirable life thanks to social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to move forward in society. The strength of the Legal Rights Index for Hong Kong is 8. Overall, it is considered to be rather reasonable - bankruptcy and collateral laws are able to at least decently protect the rights of borrowers and lenders; Credit information is usually sufficient and generally available.
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