Hong Kong’s sports sector in 2024 helped generate extra HK$46b in value

Hong Kong’s sports sector helped to generate an extra HK$46 billion (US$5.9 billion) in value for the economy in 2024, the year local athletes clinched two gold and two bronze Olympic medals, with a lawmaker calling for targeted policies to build on that success.The Census and Statistics Department on Monday released an analysis of contributions to Hong Kong’s economy by sports and related activities in 2024, including the operation of facilities, manufacturing and retail, tourism and supporting initiatives.That same year also marked Hong Kong’s best performance at the Olympics in history.On the economic front, the sports industry and adjacent sectors generated HK$46 billion in value added at basic prices.The term refers to an 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.