Hong Kong’s sports sector helped generate an additional HK$46 billion (US$5.9 billion) in value for the economy in 2024, a year in which local athletes won two gold medals and two bronze Olympic medals, with a lawmaker calling for targeted policies to build on that success.
The Census and Statistics Administration on Monday released an analysis of contributions to Hong Kong’s economy through sports and related activities in 2024, including facility operation, manufacturing, retail, tourism and supporting initiatives.
The same year also saw Hong Kong’s best ever performance at the Olympic Games.
Fencers Cheung Ka Lung and Vivian Kong Man Wai both won gold at the Paris Games, while swimmer Siobhan Haughey claimed two bronze medals.
On the economic front, the sports industry and its adjacent sectors generated an added value of HK$46 billion at basic prices.
The term refers to the industry’s total sales revenue at base prices minus the cost of raw materials and supplies, and before the government applies taxes or subsidies to the final price.
