Hong Kong grabs top spot in silver economy index survey

AsiaPac's senior citizens economy to hit US$3t by 2017.

The 2nd Asia Pacific Silver Economy Business Opportunities Report 2013 launched the first Ageing Asia Silver Economy Index - a ranking of countries in Asia Pacific by market potential of ageing baby boomers.

Using ’Per Capita Household Savings for aged over 60’, ’Growth rate of Household Savings’, ’Percentage of ageing population’ and ’Life Expectancy at birth’ as contributing factors, the survey saw Hong Kong SAR emerging in the top followed by Australia in the second position and Singapore in the third.

The report also highlighted that Asia Pacific’s silver economy is expected to hit US$3 trillion by the year 2017. To establish the market opportunity of Asia Pacific’s ageing baby boomer population between 2012 and 2017, the Asia Pacific Silver Economy Business Opportunities Report used projected household savings, compound annual growth rate (CAGR), GDP and sample population data of those aged over 60 to establish the market size for the region’s silver economy. The analysis showed that the region’s projected household savings is likely to increase by 58%.

Also Read

HK urged to deepen financial reform and innovation

Jobless rate rises to 3.1% in August–October period

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit