, Hong Kong
Photo by Jéan Béller on Unsplash

HK falls to 8th place in list of places with the highest ex-pat packages

In Asia, the city also had the lowest rate of growth in pay and benefits for expatriates.

Hong Kong fell three places to eighth rank in ECA International’s annual list of locations with the highest expatriate packages worldwide.

According to ECA International, the drop in Hong Kong’s position was likely because the city had the lowest rate of growth in expatriate pay and benefits packages amongst locations in Asia, only rising by 4.5% or US$3,800 ($29,828.29) to US$283,000 ($2,221,422.65) in 2021.

“This was lower than rates of growth when measured in USD seen in other regional economies such as Japan and Singapore,” said Lee Quane, Regional Director-Asia at ECA International. Singapore’s ex-pat package grew 9.5% in 2021.

READ MORE: Talent crunch threatens Hong Kong’s financial sector as expats flee: report

“Furthermore, the costs of benefits continued to fall, as they did in 2020, with falls, particularly in the cost of accommodation moderating the impact of the increase in cash compensation on overall employment costs,” added Lee.

In Asia, Japan had the highest expatriate packages, and Malaysia had the lowest.

Globally, the United Kingdom took the title as the value of its expatriate package rose by over 9% in USD terms.

Follow the link for more news on

Join Hong Kong Business community
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!