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Entrepreneurship in Hong Kong - GEM Global Entrepreneurship Monitor

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href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>Region:</strong> Asia and Oceania</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div data-html="true" class="tooltip-body"> <p>Classification of economies by geographic region is based on that of the <a data-html="true" target="_blank" href="https://unstats.un.org/unsd/methodology/m49/#geo-regions">United Nations Statistics Division. </a></p> </div> </div> </div> </div> </h6> <h6 class="profile-team-institution"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>High Income</strong></a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div data-html="true" class="tooltip-body"> <p>Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.</p> </div> </div> </div> </div> </h6> <h6 class="profile-team-institution"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>Population:</strong> 7.4 million (2018)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div data-html="true" class="tooltip-body"> <p> Population data is from the <a href="https://data.worldbank.org/indicator/sp.pop.totl" target="_blank">World Bank</a>, except Palestinian Territories <a href="http://worldpopulationreview.com/countries/palestine-population/" target="_blank">World Population Review</a> and Taiwan <a href="https://www.worldometers.info/world-population/taiwan-population/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6> <h6 class="profile-team-vendor"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>GDP Growth:</strong> 3% (2018)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div data-html="true" class="tooltip-body"> <p> GDP growth data is from the <a href="https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx" target="_blank">World Economic Outlook Database</a>, except Palestinian Territories <a href="https://www.worldometers.info/gdp/state-of-palestine-gdp/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6> <h6 class="profile-team-funders"> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip"><strong>GDP Per Capita:</strong> $48,517 (2018)</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div data-html="true" class="tooltip-body"> <p> GDP per capita data is from the <a href="https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx" target="_blank">World Economic Outlook Database</a>, except Palestinian Territories <a href="https://www.worldometers.info/gdp/state-of-palestine-gdp/" target="_blank">Worldometers</a> </p> </div> </div> </div> </div> </h6> <!--<h6 class="profile-team-funders"><strong>SME Contribution to GDP:</strong> 54%</h6> <h6 class="profile-team-funders"><strong>Doing Business:</strong> <strong>Rank:</strong> </h6> <h6 class="profile-team-funders"><strong>Starting a Business:</strong> <strong>Rank:</strong> </h6> <h6 class="profile-team-funders"><strong>Global Competitiveness Index:</strong> <strong>Rank:</strong> </h6>--> <!--<h6 class="profile-team-funders"><strong>Economic Development Phase:</strong> High Income</h6>--> <button type="button" class="btn btn-danger btn-block toggle-profile" data-type="team">Contact</button> <button type="button" class="btn btn-orange btn-block view-profile-reports">View Reports</button> </div> </div> </div> <div class="profile-details"> <!-- <div class="profile-heading"> <div class="profile-key-indicators"> <h5 class="heading">Key Indicators</h5> <div class="items"> <p class="empty-content">There are no key indicators available.</p> </div> </div> </div>--> <div class="nav-tabs-panel" role="tabpanel"> <div class="tab-content min-height"> <div id="cp" role="tabpanel" class="tab-pane expanded fade active in " > <article > <h2>Entrepreneurial Behaviour and Attitudes</h2> <span class="pushbar">Most recent data: 2016</span> <ul class="color-index clickable" style="display:block;"> <li style="cursor:pointer;" data-trigger="measure"><span style="background:#4b92c3 url('../images/tick.png') center;background-size: 100%;"></span>Hong Kong 2016</li> <li style="cursor:pointer; " data-trigger="Hong Kong 2009"><span style="background:#f5eb05 url('../images/tick.png') center;background-size: 100%;"></span>Hong Kong 2009</li> <li style="cursor:pointer;" data-trigger="marker"><span style="background:#373737 url('../images/tick.png') center;background-size: 100%;"></span>Global Average</li> <li style="cursor:pointer;" data-trigger="Regional Average"><span style="background:#f9830e url('../images/tick.png') center;background-size: 100%;"></span>Regional Average</li> <li style="cursor:pointer;" data-trigger="Income Level Average"><span style="background:#acacac url('../images/tick.png') center;background-size: 100%;"></span>Income Level Average</li> </ul> <div class="data-entry-row"> <h2 class="table-title">Self-Perceptions</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/4" class="open-indicator-tooltip hidden-xs">Perceived Opportunities Rate</a> <a href="/data/key-indicator/4" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Perceived Opportunities Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who see good opportunities to start a firm in the area where they live </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/5" class="open-indicator-tooltip hidden-xs">Perceived Capabilities Rate</a> <a href="/data/key-indicator/5" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Perceived Capabilities Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who believe they have the required skills and knowledge to start a business </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/6" class="open-indicator-tooltip hidden-xs">Fear of Failure Rate*</a> <a href="/data/key-indicator/6" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Fear of Failure Rate*:</span>Percentage of the 18–64 population who agree that they see good opportunities but would not start a business for fear it might fail. NOTE: this is a percentage of those seeing good opportunities, and not the total adult population </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/7" class="open-indicator-tooltip hidden-xs">Entrepreneurial Intentions Rate</a> <a href="/data/key-indicator/7" class="open-indicator-tooltip visible-xs">4</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Entrepreneurial Intentions Rate:</span>Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who are latent entrepreneurs and who intend to start a business within three years </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chart"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Perceived Opportunities Rate</li> <li>2. Perceived Capabilities Rate</li> <li>3. Fear of Failure Rate*</li> <li>4. Entrepreneurial Intentations Rate:</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Activity</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/1" class="open-indicator-tooltip hidden-xs">Total early-stage Entrepreneurial Activity (TEA)</a> <a href="/data/key-indicator/1" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Total early-stage Entrepreneurial Activity (TEA):</span>Percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/2" class="open-indicator-tooltip hidden-xs">Established Business Ownership Rate</a> <a href="/data/key-indicator/2" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Established Business Ownership Rate:</span>Percentage of 18-64 population who are currently an owner-manager of an established business, i.e., owning and managing a running business that has paid salaries, wages, or any other payments to the owners for more than 42 months </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/3" class="open-indicator-tooltip hidden-xs">Entrepreneurial Employee Activity Rate</a> <a href="/data/key-indicator/3" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Entrepreneurial Employee Activity Rate:</span>Rate of involvement of employees in entrepreneurial activities, such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartone"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Total early-stage Entrepreneurial Activity (TEA)</li> <li>2. Established Business Ownership Rate</li> <li>3. Entrepreneurial Employee Activity Rate </li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Motivations</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/8" class="open-indicator-tooltip hidden-xs">Motivational Index</a> <a href="/data/key-indicator/8" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Motivational Index:</span>Percentage of those involved in TEA that are improvement-driven opportunity motivated, divided by the percentage of TEA that is necessity-motivated </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="charttwo"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Motivational Index</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Gender Equity</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/9" class="open-indicator-tooltip hidden-xs">Female/Male TEA Ratio</a> <a href="/data/key-indicator/9" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Female/Male TEA Ratio:</span>Percentage of female 18-64 population who are either a nascent entrepreneur or owner-manager of a 'new business', divided by the equivalent percentage for their male counterparts </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/10" class="open-indicator-tooltip hidden-xs">Female/Male Opportunity-Driven TEA Ratio</a> <a href="/data/key-indicator/10" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Female/Male Opportunity-Driven TEA Ratio:</span>Percentage of those females involved in TEA who (i) claim to be driven by opportunity as opposed to finding no other option for work; and (ii) who indicate the main driver for being involved in this opportunity is being independent or increasing their income, rather than just maintaining their income, divided by the equivalent percentage for their male counterparts </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartthree"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. Female/Male TEA Ratio</li> <li>2. Female/Male Opportunity-Driven TEA Ratio</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Impact</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/11" class="open-indicator-tooltip hidden-xs">High Job Creation Expectation Rate</a> <a href="/data/key-indicator/11" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>High Job Creation Expectation Rate:</span>Percentage of those involved in TEA who expect to create 6 or more jobs in 5 years </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/12" class="open-indicator-tooltip hidden-xs">Innovation Rate</a> <a href="/data/key-indicator/12" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Innovation Rate:</span>Percentage of those involved in TEA who indicate that their product or service is new to at least some customers AND that few/no businesses offer the same product </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/13" class="open-indicator-tooltip hidden-xs">Business Services Sector Rate</a> <a href="/data/key-indicator/13" class="open-indicator-tooltip visible-xs">3</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Business Services Sector Rate:</span>Percentage of those involved in TEA in the 'Business Services' sector - Information and Communication, Financial Intermediation and Real Estate, Professional Services or Administrative Services, as defined by the ISIC 4.0 Business Type Codebook </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartfour"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. High Job Creation Expectation Rate</li> <li>2. Innovation Rate</li> <li>3. Business Services Sector Rate</li> </ul> </div> </div> <div class="data-entry-row"> <h2 class="table-title">Societal Values</h2> <ul class="first-col"> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/15" class="open-indicator-tooltip hidden-xs">High Status to Successful Entrepreneurs Rate</a> <a href="/data/key-indicator/15" class="open-indicator-tooltip visible-xs">1</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>High Status to Successful Entrepreneurs Rate:</span>Percentage of 18-64 population who agree with the statement that in their country, successful entrepreneurs receive high status </div> </div> </div> </div> </li> <li> <div class="tooltip-key-indicator"> <div class="inner"> <a href="/data/key-indicator/16" class="open-indicator-tooltip hidden-xs">Entrepreneurship as a Good Career Choice Rate</a> <a href="/data/key-indicator/16" class="open-indicator-tooltip visible-xs">2</a> <div class="tooltip-information"> <div class="tooltip-heading"> <button type="button" class="close tooltip-close" aria-label="Close"><span aria-hidden="true">&times;</span></button> <h5 class="title">&nbsp;</h5> </div> <div class="tooltip-body"> <span>Entrepreneurship as a Good Career Choice Rate:</span>Percentage of 18-64 population who agree with the statement that in their country, most people consider starting a business as a desirable career choice </div> </div> </div> </div> </li> </ul> <div class="second-column"> <div class="gallery with-transitions" id="chartfive"></div> </div> <div class="data-titles clearfix"> <ul> <li>1. High Status to Successful Entrepreneurs Rate</li> <li>2. Entrepreneurship as a Good Career Choice Rate</li> </ul> </div> </div> <h2 class="spacer">Entrepreneurial Framework Conditions</h2> <span class="spacer">Most recent data: 2016</span> <p>Expert Ratings: 1 = highly insufficient, 5 = highly sufficient</p> </article> <div class="data-tabs-plug-econ"> <div class="tab-pane-holder" role="tabpanel"> <ul class="nav nav-tabs grid-2 hidden-xs" role="tablist"> <li class="active" role="presentation"> <a href="#spider-data" onclick="" aria-controls="table-data" role="tab" data-toggle="tab">Spider</a> </li> <li role="presentation"> <a href="#graphs-data" onclick="" aria-controls="graph-data" role="tab" data-toggle="tab">Bars</a> </li> </ul> <div class="tab-content"> <div id="spider-data" class="tab-pane fade in active subcleardata" role="tabpanel"> <input id="idradardata" name="idradardata" type="hidden" value="135"> <canvas id="radarchart" class="hidden-xs" width="580" height="400"></canvas> </div> <a href="#" class="spider-image" 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solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-four"></span>Income Level Average</li> <li style="display:none; position:absolute;width:200px; background: rgba(255, 255, 255, 0.9);border:1px rgb(194, 194, 194) solid; border-radius:2px; padding:5px;text-align:center;"><span class="colour-five"></span>Global Average</li> </ul> <svg class="chart"></svg> </div> </div> </div> </div> </div> </div> <div id="pb" role="tabpanel" class="tab-pane expanded fade " > <article> </article> </div> </div> </div> </div> <div class="profile-team hide"></div> </div> <div class="profile-actions"> <div class="btn-group pull-right"> <!--<button type="button" class="btn btn-default dropdown-toggle" data-toggle="dropdown" aria-expanded="false"> Select Economy <span class="caret"></span> </button> <ul class="dropdown-menu" role="menu"> <li><a href="https://www.gemconsortium.org/country-profile/149" title="">Åland Islands</a></li> <li><a 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