Hong Kong's economy grew a seasonally adjusted 0.1 percent on quarter in the three months to September 2018, reversing a 0.2 percent contraction in the previous period. There was rebound in private consumption, while government spending increased at a slower rate and net external demand contributed negatively to the GDP growth. GDP Growth Rate in Hong Kong averaged 0.93 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.

GDP Growth Rate in Hong Kong is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Hong Kong to stand at 0.90 in 12 months time. In the long-term, the Hong Kong GDP Growth Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.

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Hong Kong GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 0.1% -0.2% 1.40%

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.20 6.10 -3.40 percent [+]
GDP Annual Growth Rate 2.90 3.50 20.70 -8.10 percent [+]
GDP 341.45 320.88 341.45 1.32 USD Billion [+]
GDP Constant Prices 676112.00 634683.00 691816.00 68360.00 HKD Million [+]
Gross National Product 689136.00 672164.00 708633.00 341738.00 HKD Million [+]
Gross Fixed Capital Formation 144597.00 141005.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.20 6.10 -3.40 1990 - 2018 percent Quarterly

Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18