Hong Kong GDP Growth Rate 1990-2018 | Data | Chart | Calendar | Forecast

On a quarterly basis, the GDP shrank 0.2 percent, following a downwardly revised 2.1 percent rise in the prior quarter. It was the first quarterly contraction since the first quarter of 2016, as private consumption declined by 0.6 percent (from 3.3 percent in the first quarter of 2018). In addition, international trade contributed negatively to GDP growth, as exports of goods and services dropped in Q2 (-0.4 percent and -3.2 percent from 3.1 percent and 5.2 percent, respectively); as well as imports of goods and services, which fell 0.1 percent and 2.1 percent in Q2 (from 2.3 percent and 3.6 percent, respectively). Contrarily, government spending went up 1.6 percent, from 1.2 percent in the previous quarter. GDP Growth Rate in Hong Kong averaged 0.94 percent from 1990 until 2018, reaching an all time high of 6.10 percent in the third quarter of 2003 and a record low of -3.40 percent in the first quarter of 2009.

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Calendar	GMT		Actual	Previous	TEForecast
2018-02-28	03:45 AM	GDP Growth Rate QoQ	0.8%	0.8%	0.4%
2018-05-11	08:30 AM	GDP Growth Rate QoQ	2.2%	0.8%	0.80%
2018-08-10	08:30 AM	GDP Growth Rate QoQ	-0.2%	2.1%	1.20%
2018-11-16	08:30 AM	GDP Growth Rate QoQ		-0.2%	1.40%

Hong Kong GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.20	2.10	6.10	-3.40	percent	[+]
GDP Annual Growth Rate	3.50	4.60	20.70	-8.10	percent	[+]
GDP	341.45	320.88	341.45	1.32	USD Billion	[+]
GDP Constant Prices	634683.00	651268.00	691816.00	68360.00	HKD Million	[+]
Gross National Product	689136.00	672164.00	708633.00	341738.00	HKD Million	[+]
Gross Fixed Capital Formation	141005.00	132520.00	157576.00	15765.00	HKD Million	[+]
GDP per capita	37927.13	36816.10	37927.13	3380.60	USD	[+]
GDP per capita PPP	56054.92	54412.90	56054.92	26974.30	USD	[+]
GDP From Agriculture	502.00	432.00	837.00	429.00	HKD Million	[+]
GDP From Construction	30703.00	33378.00	34156.00	15319.00	HKD Million	[+]
GDP From Manufacturing	6859.00	6344.00	10830.00	6097.00	HKD Million	[+]
GDP From Public Administration	118279.00	110468.00	118279.00	75563.00	HKD Million	[+]
GDP From Services	565334.00	574889.00	624615.00	281693.00	HKD Million	[+]
GDP From Transport	35756.00	38847.00	39146.00	17565.00	HKD Million	[+]
GDP From Utilities	9345.00	7975.00	10855.00	6232.00	HKD Million	[+]

Hong Kong GDP Growth Rate

Hong Kong has an export oriented economy and in spite of small size is the 8th largest trading entity in the world with the value of goods and services exchanged four times the size of GDP. In recent years, Hong Kong has become an international hub for business, trade and finance importers willing to access the Chinese market. As such, the largest sector of the economy is services, which accounts for around 93 percent of GDP. This page provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-0.20	2.10	6.10	-3.40	1990 - 2018	percent	Quarterly	SA

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
Singapore	4.70	Sep/18	1.2	36.6	-13.5	%	Quarterly
Indonesia	4.21	Jun/18	-0.41	4.21	-3.57	%	Quarterly
United States	4.20	Jun/18	2.2	16.7	-10	%	Quarterly
India	1.90	Jun/18	2	5.4	-1.7	%	Quarterly
China	1.80	Jun/18	1.4	2.4	1.3	%	Quarterly
Australia	0.90	Jun/18	1.1	4.4	-2	%	Quarterly
Russia	0.90	Jun/18	0.4	4.1	-5.4	%	Quarterly
Turkey	0.90	Jun/18	1.5	5.6	-5.2	%	Quarterly
Netherlands	0.80	Jun/18	0.6	1.7	-3.6	%	Quarterly
Canada	0.70	Jun/18	0.4	3.1	-2.3	%	Quarterly
Japan	0.70	Jun/18	-0.2	3.2	-4.9	%	Quarterly
Switzerland	0.70	Jun/18	1	2.4	-1.9	%	Quarterly
South Korea	0.60	Jun/18	1	7.8	-7	%	Quarterly
Spain	0.60	Jun/18	0.6	1.6	-1.6	%	Quarterly
Germany	0.50	Jun/18	0.4	4	-4.5	%	Quarterly
Euro Area	0.40	Jun/18	0.4	1.3	-3	%	Quarterly
United Kingdom	0.40	Jun/18	0.1	5	-2.7	%	Quarterly
Brazil	0.20	Jun/18	0.1	3.9	-3.9	%	Quarterly
France	0.20	Jun/18	0.2	8	-5.3	%	Quarterly
Italy	0.20	Jun/18	0.3	6	-2.8	%	Quarterly
Saudi Arabia	-0.05	Mar/18	0.05	8.5	-2.1	%	Quarterly
Mexico	-0.20	Jun/18	1	3.2	-5.7	%	Quarterly
South Africa	-0.70	Jun/18	-2.6	7.6	-6.1	%	Quarterly
Argentina	-4.00	Jun/18	0.7	5	-5.7	%	Quarterly