Essay: The Economic Analysis
Consequently, the economic analysis division estimates that in 2015, the total amount spent by visitors to the West Kowloon Cultural District will be about $1.520 billion, and will thereafter rise to $4.110 billion in 2031 and is expected to stabilize at $4.390 billion in 2045 and the coming years.
Thus, the report states, visitors to the district, both foreign and local, will add about $1.060 billion to the GDP in 2015. This will increase to $2.880 billion and $3.080 billion in 2031 and 2045 respectively. The latter number will be on a yearly basis after 2045.
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