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Hong Kong Economy Grows at Fastest Pace in 2 Years
Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by robust regional trade, sustained growth in inbound tourism and financial service activities. On the expenditure side, increases were seen in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Government spending also rose, albeit at a slower pace (1.4% vs 2%). Meanwhile, on net trade, export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion. That surpassed the government’s forecast of a 3.2% increase.
Published on 2026-01-30

Hong Kong Economy Grows at Fastest Pace in 2 Years
Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by increases in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Meanwhile, government spending slowed down (1.4% vs 2%). Net trade also contributed negatively to the GDP, as export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion.
Published on 2026-01-30

Hong Kong Economy Grows at Fastest Pace in 2 Years
Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by regional trade flows, inbound tourism, and financial service activities. On the expenditure side, increases were seen in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Meanwhile, government spending slowed down (1.4% vs 2%). Net trade also contributed negatively to the GDP, as export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion.
Published on 2026-01-30

Hong Kong Economy Grows at Fastest Pace in 2 Years
Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by robust regional trade, as well as growth in inbound tourism and financial service activities. On the expenditure side, increases were seen in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Government spending also rose, albeit at a slower pace (1.4% vs 2%). On net trade, export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion. That surpassed the government’s forecast of a 3.2% increase.
Published on 2026-01-30

Hong Kong GDP Growth Confirmed Near Two-Year High
Hong Kong’s economy grew by 3.8% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 3.1% expansion in the previous quarter. This marked the strongest growth since the fourth quarter of 2023, driven by robust export performance and steady domestic demand. Goods exports rose 12.1%, supported by strong demand for electronics and easing US-China trade tensions, while service exports rose 6.1%, boosted by rising inbound tourism and strong activity in financial markets. Meanwhile, imports increased at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1% (vs 1.9%), government spending rose 1.9% (vs 2.5%), while overall investment climbed 4.3% (vs 1.9%), reflecting a gradual recovery in consumer confidence and steady improvement in business sentiment. On a seasonally adjusted quarterly basis, the GDP advanced by 0.7%, following a 0.4% growth in the preceding period.
Published on 2025-11-14

Hong Kong GDP Growth Confirmed at Almost 2-Year High
Hong Kong’s economy grew by 3.8% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 3.1% expansion in the previous quarter. This marked the strongest growth since the fourth quarter of 2023, driven by robust export performance and steady domestic demand. Goods exports rose 12.1%, supported by strong demand for electronics and easing US-China trade tensions, while service exports rose 6.1%, boosted by rising inbound tourism and strong activity in financial markets. Meanwhile, imports increased at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1% (vs 1.9%), government spending rose 1.9% (vs 2.5%), while overall investment climbed 4.3% (vs 1.9%), reflecting a gradual recovery in consumer confidence and steady improvement in business sentiment. On a seasonally adjusted quarterly basis, the GDP advanced by 0.7%, following a 0.4% growth in the preceding period.
Published on 2025-11-14

Hong Kong GDP Grows at Fastest Pace Since 2023
Hong Kong’s economy grew 3.8% year-on-year in the third quarter of 2025, up from 3.1% in the previous quarter, according to advance estimates. This marks the strongest growth since late 2023, driven by a surge in exports and robust domestic demand. Goods exports rose 12.2%, supported by strong demand for electronics and regional trade flows, while service exports rose 6.1%, boosted by tourism recovery and cross-border financial activity amid rising global stock markets. Imports also increased, though at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1%, while overall investment climbed 4.3%, reflecting stronger economic confidence and a stabilizing property market. On a seasonally adjusted quarterly basis, GDP rose 0.7%.
Published on 2025-10-31

Hong Kong GDP Grows at Fastest Pace Since 2023
Hong Kong’s economy grew 3.8% year-on-year in the third quarter of 2025, up from 3.1% in the previous quarter, according to advance estimates. This marks the strongest growth since late 2023, driven by a surge in exports and robust domestic demand. Goods exports rose 12.2%, supported by strong demand for electronics and regional trade flows, while service exports rose 6.1%, boosted by tourism recovery and cross-border financial activity amid rising global stock markets. Imports also increased, though at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1%, while overall investment climbed 4.3%, reflecting stronger economic confidence and a stabilizing property market. On a seasonally adjusted quarterly basis, GDP rose 0.7%.
Published on 2025-10-31

Hong Kong GDP Grows at Fastest Pace Since 2023
Hong Kong’s economy grew 3.8% year-on-year in the third quarter of 2025, up from 3.1% in the previous quarter, according to advance estimates. This marks the strongest growth since late 2023, driven by a surge in exports and robust domestic demand. Goods exports rose 12.2%, supported by strong demand for electronics and regional trade flows, while service exports rose 6.1%, boosted by tourism recovery and cross-border financial activity amid rising global stock markets. Imports also increased, though at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1%, while overall investment climbed 4.3%, reflecting stronger economic confidence and a stabilizing property market. On a seasonally adjusted quarterly basis, GDP rose 0.7%.
Published on 2025-10-31

Hong Kong GDP Growth Confirmed at 3.1% in Q2
Hong Kong’s economy expanded by 3.1% year-on-year in Q2 2025, in line with preliminary estimates and accelerating from 3.0% growth in the previous quarter. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Private consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.8% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.6% (vs. 7.2%), and imports of services rose 7.2% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1.
Published on 2025-08-15

Hong Kong Q2 GDP Growth Rises 3.1% Surpasses Expectations
Hong Kong’s economy expanded 3.1% year-on-year in Q2 2025, rising from a downwardly revised 3.0% in Q1 and surpassing market expectations of 2.8%, according to preliminary estimates. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Household consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.9% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.7% (vs. 7.2%), and imports of services rose 7.0% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1.
Published on 2025-07-31

Hong Kong Q2 GDP Growth Rises 3.1% Surpasses Expectations
Hong Kong’s economy expanded 3.1% year-on-year in Q2 2025, rising from a downwardly revised 3.0% gain in Q1 and surpassing market expectations of 2.8%, according to preliminary estimates. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Household consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.9% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.7% (vs. 7.2%), and imports of services rose 7.0% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1.
Published on 2025-07-31

Hong Kong GDP Growth Confirmed at 3.1% in Q1
Hong Kong’s economy expanded by 3.1% year-on-year in Q1 2025, in line with preliminary estimates and accelerating from an upwardly revised 2.5% growth in Q4 2024. The pickup was largely driven by strong external demand, particularly in the exports of goods and services, as businesses front-loaded shipments in anticipation of imminent US tariff hikes. External trade showed notable strength, with goods exports surging by 8.4% (up from 1.3% in Q4) and imports rising by 7.1% (vs 0.4% previously). Gross domestic fixed capital formation also returned to positive territory, growing by 2.8% after contracting by 0.7% in the prior quarter. However, private consumption continued to decline, falling by 1.1% (vs -0.2%), reflecting subdued domestic sentiment. Government spending also softened, rising by 1.2% compared to 2.1% in Q4. On a seasonally adjusted quarterly basis, GDP grew by 1.9%, the fastest pace in two years and an acceleration from the previous quarter’s upwardly revised 0.9% gain.
Published on 2025-05-16

Hong Kong Q1 GDP Growth at Over 1-Year High
Hong Kong’s economy expanded by 3.1% year-on-year in the first quarter of 2025, accelerating from an upwardly revised 2.5% gain in the previous three-month period, preliminary estimates showed. This marked the strongest growth since the fourth quarter of 2023, leveraging a recovery in tourism and a surge in exports ahead of Donald Trump’s sweeping tariff hikes. Official data revealed a surge in visitor numbers at the start of 2025, providing a significant boost to Hong Kong’s retail and catering sectors. In terms of net external demand, exports of goods soared (8.7% vs 1.3% in Q4), as did imports (7.4% vs 0.4%). Additionally, gross fixed capital formation recovered (2.8% vs -0.7%). Meanwhile, household consumption continued to decline (-1.2% vs -0.2%) and government spending eased (1.2% vs 2.1%). On a seasonally adjusted quarterly basis, the economy advanced by 2%, the most pronounced growth in two years and accelerating from an upwardly revised 0.9% gain in the previous period.
Published on 2025-05-02

Hong Kong GDP Growth Confirmed at 2.4% in Q4
Hong Kong’s economy increased by 2.4% year-on-year in the fourth quarter of 2024, matching preliminary estimates and accelerating from a 1.8% gain in the previous quarter. The upturn was primarily attributed to private consumption (-0.2% vs -1.3% in Q3) and government spending (2% vs 1.7%). Meanwhile, gross fixed capital formation (-0.9% vs 5.7%) tumbled. On net trade, the growth rate for goods exports eased notably (1.3% vs 4%), while services rose at a much faster pace (5.6% vs 2.9%). For imports, the increase in goods and services moderated to 0.4% and 7.8% from 2.8% and 8.9%, respectively. On a seasonally adjusted quarterly basis, the economy advanced 0.8%, rebounding from a 0.1% fall in the third quarter of 2024.
Published on 2025-02-26

Hong Kong Q4 GDP Growth Slightly Exceeds Forecasts
Hong Kong’s economy expanded 2.4% year-on-year in the fourth quarter of 2024, accelerating from an upwardly revised 1.9% gain in the previous period and slightly exceeding the market expectations of 2.3% growth, preliminary estimates showed. The acceleration was mainly attributed to private consumption (-0.2% vs -1.3% in Q3) and government spending (1.9% vs 1.7%). Meanwhile, gross domestic fixed capital formation (0.9% vs 5.7%) tumbled. On net external demand, exports of goods rose 1.2% (vs 4%), while imports of goods increased at a much slower pace of 0.1% (vs 2.8%) in Q4 2024. On a seasonally adjusted quarterly basis, the economy advanced 0.8%, rebounding from a downwardly revised 0.1% fall in the third quarter of 2024.
Published on 2025-02-03

Hong Kong GDP Growth Confirmed at 1.8% in Q3
Hong Kong’s economy grew 1.8% year-on-year in the third quarter of 2024, matching preliminary estimates but sharply cooling from a 3.2% growth in the previous period. This marked the weakest expansion since the second quarter of 2023, driven by the easing growth in government spending (2.1% vs 2.2% in Q2) and gross fixed capital formation (3.7% vs 4.1%). Meanwhile, private consumption (-1.3% vs -1.6%) decreased at a softer pace. On net trade, the growth rate for goods exports eased (4% vs 7.5%), while services rose at a faster pace (2.4% vs 1.1%). For imports, the increase in goods and services moderated to 2.8% and 8.2% from 3.4% and 12.3%, respectively. On a seasonally adjusted quarterly basis, the country's GDP shrank 1.1%, the first contraction in two years and following a 0.3% gain in the preceding period.
Published on 2024-11-15

Hong Kong GDP Growth Slows More Than Expected
Hong Kong’s economy expanded 1.8% year-on-year in the third quarter of 2024, sharply cooling from a downwardly revised 3.2% growth in the previous period and slowing more than the expected 3.1%, preliminary estimates showed. The slowdown was driven by the easing growth in fixed investments (3.7% vs 4.1% in Q2) and government spending (2.1% vs 2.2%). Additionally, private consumption continued to decline (-1.4% vs -1.6%). On net trade, the growth rate for goods exports moderated (3.9% vs 7.5%), while services grew at a faster pace (2.4% vs 1.1%). For imports, the increase in goods and services slowed to 2.6% and 8.2% from 3.4% and 12.3%, respectively. On a seasonally adjusted quarterly basis, the economy shrank 1.1%, the first contraction in two years and following a downwardly revised 0.3% expansion in the prior quarter.
Published on 2024-10-31

Hong Kong GDP Growth Confirmed at 3.3% in Q2
Hong Kong’s economy expanded 3.3% year-on-year in the second quarter of 2024, accelerating from a 2.8% rise in the previous period and consistent with preliminary estimates. The acceleration was primarily driven by a rebound in government spending (2% vs -2.2% in Q1) and a significant increase in fixed investments (6% vs to 0.1%). In contrast, private consumption declined (-1.6% vs 1.2%). In terms of external trade, the growth rate for goods exports accelerated (7.5% vs 6.8%), while services grew at a generally slower pace (1.4% vs 9.4%). For imports, the increase in goods slightly rose (3.4% vs 3.3%), while growth in services moderated (12.4% vs 18%). On a seasonally adjusted quarterly basis, the economy expanded by 0.4%, a sharp slowdown from the 2.5% growth seen in the previous quarter.
Published on 2024-08-16

Hong Kong Q2 GDP Growth Tops Forecasts
Hong Kong’s economy expanded 3.3% year-on-year in the second quarter of 2024, accelerating from a revised 2.8% rise in the previous period and surpassing forecasts of a 2.7% increase, preliminary estimates showed. The acceleration was mainly attributed to a rebound in government spending (2% vs. -2.2% in Q1) and a sharp rise in fixed investments (6% vs. 0.1%). In contrast, private consumption declined (-1.6% vs. 1.2%). On external trade, growth for exports of goods quickened (7.6% vs. 6.8%), while services rose at a broadly softer pace (1.3% vs. 9.4%). For imports, the rise in goods edged up (3.4% vs. 3.3%), while growth in services moderated (12.4% vs. 18%). On a seasonally adjusted quarterly basis, the economy grew 0.4%, sharply slowing from a 2.5% expansion in the previous quarter.
Published on 2024-07-31