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Mastercard Well-Being Index 2017: Hong Kong Ranked 11th Across 18 APAC Markets

April 3, 2017 Statistics & Trends No Comments Email Email

The latest Mastercard Well-Being Index, which surveyed 9,123 people across Asia Pacific about their economic, social and financial outlook, covering four key components: Work and Finances, Safety from Threats, Personal and Work Satisfaction and Personal Well-Being, revealed that Hong Kong consumers’ regard for their overall well-being remained neutral in the second half of 2016.http://www.tourismlegal.com.au/

Highlights of the study include:

Hong Kong

  • In Hong Kong, since reaching a peak in the first half of 2014 (67.1, rank 6th), consumers’ regard for their overall well-being failed to gain ground, remaining indifferent at 58.6 in the second half of 2016 in the latest survey
  • Hong Kong (58.6, ranked 11th) beat Taiwan (54.3, ranked 16th), Korea (52.1, ranked 17th) and Japan (50.4, ranked 18th) though it lagged behind mainland China (68.2, ranked 5th)
  • Of the four components, ‘Work & Finances’ (+4.7 to 61.3) was the only one that progressed from ‘Neutral’ to ‘Optimistic’ in Hong Kong, underpinned by more upbeat outlook on ‘Regular Income’ (73.2) and ‘Employment’ (36.7), up 7.8 and 14.1 points, respectively
  • Hong Kong people remain neutral in the three other components, including Safety from Threats (+1 to 57.8), Personal and WorkSatisfaction (-0.1 to 59.2) and Personal Well-Being (-1.2, 56.3)

Mainland China

  • Over the last six months, consumers in mainland China remained mostly optimistic over aspects of their personal, work, health, safety and financial lives (+0.1 to 68.2)
  • Although consumers in the mainland continue to feel more vulnerable towards financial and cyber-crimes, natural disasters and pollution, their outlook on ‘Regular Income’ (90.9), ‘Employment’ (77.6), safety from ‘Violent Crimes’ (66.4), ‘Five-Year Life Situation’ (76.5) and ‘Work-Life Balance’ (71.4) is among the highest in the region

Asia Pacific

  • People in Asia Pacific remain optimistic on their overall well-being (62.1), with those in emerging markets (65.5), led by India (75), Philippines (73) and Indonesia (71.4), showing higher resilience and satisfaction than others in developed markets (56.7).

Overall Well-Being Index, Country Scores:

1. India 75.0 6. Thailand 66.1 11. Hong Kong 58.6 16. Taiwan 54.3
2. Philippines 73.0 7. Myanmar 64.6 12. Singapore 58.6 17. Korea 52.1
3. Indonesia 71.4 8. Cambodia 63.9 13. Sri Lanka 56.6 18. Japan 50.4
4. Vietnam 71.4 9. New Zealand 63.5 14. Bangladesh 55.5  
5. China 68.2 10. Australia 59.6 15. Malaysia 54.9    

 

Average for AP 62.1
Average for Developed AP 56.7
Average for Emerging AP 65.5

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