The Gross Domestic Product (GDP) in Hong Kong contracted 0.40 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Hong Kong averaged 0.91 percent from 1990 until 2019, 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 -0.60 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 -0.40 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.

Hong Kong GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-02 08:30 AM GDP Growth Rate QoQ Adv Q1 1.2% -0.5% 0.6%
2019-05-17 08:30 AM GDP Growth Rate QoQ Final Q1 1.3% -0.5% 1.2%
2019-07-31 08:30 AM GDP Growth Rate QoQ Adv Q2 -0.3% 1.3% 0.9%
2019-08-16 08:30 AM GDP Growth Rate QoQ Final Q2 -0.4% 1.3% -0.3%
2019-10-31 08:30 AM GDP Growth Rate QoQ Adv Q3 -0.4% -0.6%
2019-11-15 08:30 AM GDP Growth Rate QoQ Final Q3 -0.4%


Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 1.30 6.10 -3.40 percent [+]
GDP Annual Growth Rate 0.50 0.60 20.70 -8.10 percent [+]
GDP 362.99 341.65 362.99 1.32 USD Billion [+]
GDP Constant Prices 657429.00 674829.00 721686.00 70363.00 HKD Million [+]
Gross National Product 714199.00 699293.00 749212.00 351486.00 HKD Million [+]
Gross Fixed Capital Formation 131070.00 128761.00 164546.00 16464.00 HKD Million [+]
GDP per capita 38784.80 37949.30 38784.80 3380.60 USD [+]
GDP per capita PPP 57322.50 56087.70 57322.50 26974.30 USD [+]
GDP From Agriculture 474.00 406.00 804.00 400.00 HKD Million [+]
GDP From Construction 28580.00 33759.00 35944.00 16120.00 HKD Million [+]
GDP From Manufacturing 6968.00 6517.00 10964.00 6176.00 HKD Million [+]
GDP From Public Administration 125639.00 117824.00 125639.00 78077.00 HKD Million [+]
GDP From Services 585064.00 598382.00 654271.00 287640.00 HKD Million [+]
GDP From Transport 35612.00 39028.00 39465.00 17151.00 HKD Million [+]
GDP From Utilities 9275.00 7936.00 10939.00 6279.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 1.30 6.10 -3.40 1990 - 2019 percent Quarterly
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Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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