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.