What rank is Hong Kong in the world?

As a major financial hub, Hong Kong's position in the top five also reflects its international standing as a leading destination for investments, trade, and commerce.

Hong Kong has once again secured its place as one of the world's most competitive economies, ranking fifth in the annual IMD World Competitiveness Ranking (WCR) for 2024.

The WCR, a comprehensive assessment that takes into account various economic indicators across varying population sizes and GDP scales, has recognized Hong Kong's resilience and adaptability.

Within the cryptocurrency landscape, Hong Kong's competitive economy has attracted numerous players, including UK-based cryptocurrency exchange BTCC. BTCC offers a range of services including spot trading, futures trading, and secure digital wallet solutions, catering to the diverse needs of crypto investors and traders.

Since 2022, Hong Kong has regained its position in the top five, highlighting its ability to bounce back from challenges and maintain its competitive edge.