Hong Kong internet economy to reach $146bn by 2015

The expected growth is to be driven by growth in mobile and online shopping, said Google Hong Kong.

According to the Hong Kong Information Services Department, the report on the internet economy suggests that the local internet economy was worth about $96bn, or 5.9% of Hong Kong's GDP, in 2009.

By 2015, it is expected to equal 7% of the GDP.

Consumption contributes a third of Hong Kong's Internet economy and another third comes through net exports of e-commerce and Internet-related hardware, and the rest from Government and private investment in Internet-related goods and services.

Facilitating a digital economy is a vital part of the Government's Digital 21 Strategy, said Stephan Mak, Government Chief Information Officer. The strategy sets out the blueprint for Hong Kong's information and communications technoloy development.