Hong Kong GDP Growth Rate

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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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	0.1%	-0.2%	1.40%
2019-02-27	03:30 AM	GDP Growth Rate QoQ		0.1%	0.5%
2019-05-02	08:30 AM	GDP Growth Rate QoQ Adv			0.6%
2019-05-17	08:30 AM	GDP Growth Rate Final			0.6%

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	719559.00	689136.00	719559.00	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	453.00	502.00	837.00	429.00	HKD Million	[+]
GDP From Construction	30191.00	30703.00	34156.00	15319.00	HKD Million	[+]
GDP From Manufacturing	7149.00	6859.00	10830.00	6097.00	HKD Million	[+]
GDP From Public Administration	118975.00	118279.00	118975.00	75563.00	HKD Million	[+]
GDP From Services	607441.00	565334.00	624615.00	281693.00	HKD Million	[+]
GDP From Transport	38603.00	35756.00	39146.00	17565.00	HKD Million	[+]
GDP From Utilities	9902.00	9345.00	10855.00	6232.00	HKD Million	[+]

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 February of 2019.

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

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Country	Last		Previous	Range
United States	3.40	Sep/18	4.2	16.7 : -10	%
South Africa	2.20	Sep/18	-0.4	7.6 : -6.1	%
China	1.50	Dec/18	1.6	2.4 : 1.4	%
India	1.50	Sep/18	1.8	5.8 : -1.8	%
Singapore	1.40	Dec/18	1.4	36.1 : -13.4	%
South Korea	1.00	Dec/18	0.6	7.8 : -7	%
Brazil	0.80	Sep/18	0.2	3.9 : -3.9	%
Spain	0.70	Dec/18	0.6	1.6 : -1.6	%
Canada	0.50	Sep/18	0.7	3.1 : -2.3	%
Netherlands	0.50	Dec/18	0.1	1.7 : -3.6	%
Australia	0.30	Sep/18	0.9	4.4 : -2	%
France	0.30	Dec/18	0.3	8 : -5.3	%
Japan	0.30	Dec/18	-0.7	3.2 : -4.8	%
Mexico	0.30	Dec/18	0.8	3.2 : -5.7	%
Russia	0.30	Sep/18	0.5	4.1 : -5.4	%
Euro Area	0.20	Dec/18	0.2	1.3 : -3	%
United Kingdom	0.20	Dec/18	0.6	5 : -2.7	%
Germany	0.00	Dec/18	-0.2	4 : -4.5	%
Saudi Arabia	-0.05	Mar/18	0.05	8.5 : -2.1	%
Italy	-0.20	Dec/18	-0.1	6 : -2.8	%
Switzerland	-0.20	Sep/18	0.7	2.4 : -1.9	%
Argentina	-0.70	Sep/18	-4.1	5 : -5.7	%
Turkey	-1.10	Sep/18	0.6	5.6 : -5.2	%
Indonesia	-1.69	Dec/18	3.09	4.21 : -3.57	%