Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by robust regional trade, sustained growth in inbound tourism and financial service activities. On the expenditure side, increases were seen in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Government spending also rose, albeit at a slower pace (1.4% vs 2%). Meanwhile, on net trade, export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion. That surpassed the government’s forecast of a 3.2% increase. source: Census and Statistics Department, Hong Kong

The Gross Domestic Product (GDP) in Hong Kong expanded 3.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong averaged 4.60 percent from 1974 until 2025, reaching an all time high of 20.50 percent in the fourth quarter of 1976 and a record low of -9.40 percent in the first quarter of 2020. This page provides - Hong Kong GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Hong Kong expanded 3.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong GDP Annual Growth Rate is projected to trend around 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-14 08:30 AM
YoY Final
Q3 3.8% 3.1% 3.8%
2026-01-30 08:30 AM
YoY Adv
Q4 3.8% 3.7% 4.1%
2026-02-26 08:30 AM
YoY Final
Q4 3.7% 3.8%


Related Last Previous Unit Reference
Full Year GDP Growth 3.50 2.60 percent Dec 2025
GDP Growth Rate YoY 3.80 3.70 percent Dec 2025
GDP Constant Prices 798823.00 757804.00 HKD Million Sep 2025
GDP from Agriculture 230.00 281.00 HKD Million Sep 2025
GDP from Construction 29240.00 32548.00 HKD Million Sep 2025
GDP from Manufacturing 7794.00 7369.00 HKD Million Sep 2025
GDP from Public Administration 165388.00 161832.00 HKD Million Sep 2025
GDP from Services 723721.00 686329.00 HKD Million Sep 2025
GDP from Transport 50082.00 43437.00 HKD Million Sep 2025
GDP from Utilities 9872.00 8725.00 HKD Million Sep 2025
GDP Growth Rate 1.00 0.90 percent Dec 2025
Gross Fixed Capital Formation 144919.00 129879.00 HKD Million Sep 2025
Gross National Product 908189.00 893714.00 HKD Million Sep 2025


Hong Kong GDP Annual Growth Rate
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. Within services, the most important are wholesale and retail trade (25 percent of GDP); public administration and social services (17 percent); finance and insurance (16 percent); real estate and business services (11 percent); ownership of premises (10 percent) and transportation and postal services (6 percent). Information and communications and food and accommodation account for 8 percent. Construction represents 3.5 percent of GDP and electricity, water and gas supply, waste management and manufacturing 3.4 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.70 20.50 -9.40 1974 - 2025 percent Quarterly
NSA, 2023

News Stream
Hong Kong Economy Grows at Fastest Pace in 2 Years
Hong Kong’s economy expanded by 3.8% year-on-year in the fourth quarter of 2025, following a downwardly revised 3.7% growth in the third quarter, preliminary data showed. This was the strongest growth since the fourth quarter of 2023, supported by robust regional trade, sustained growth in inbound tourism and financial service activities. On the expenditure side, increases were seen in private consumption (2.5% vs 2.4% in Q3) and gross fixed capital formation (10.9% vs 3.4%). Government spending also rose, albeit at a slower pace (1.4% vs 2%). Meanwhile, on net trade, export growth (15.5% vs 12%) was outpaced by imports (18.4% vs 11.7%). On a seasonally adjusted quarterly basis, GDP rose by 1% in the December quarter, following an upwardly revised 0.9% increase in the previous period. For 2025 as a whole, GDP grew by 3.5%, accelerating from a 2.6% rise in 2024 and marking the third consecutive year of expansion. That surpassed the government’s forecast of a 3.2% increase.
2026-01-30
Hong Kong GDP Growth Confirmed Near Two-Year High
Hong Kong’s economy grew by 3.8% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 3.1% expansion in the previous quarter. This marked the strongest growth since the fourth quarter of 2023, driven by robust export performance and steady domestic demand. Goods exports rose 12.1%, supported by strong demand for electronics and easing US-China trade tensions, while service exports rose 6.1%, boosted by rising inbound tourism and strong activity in financial markets. Meanwhile, imports increased at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1% (vs 1.9%), government spending rose 1.9% (vs 2.5%), while overall investment climbed 4.3% (vs 1.9%), reflecting a gradual recovery in consumer confidence and steady improvement in business sentiment. On a seasonally adjusted quarterly basis, the GDP advanced by 0.7%, following a 0.4% growth in the preceding period.
2025-11-14
Hong Kong GDP Grows at Fastest Pace Since 2023
Hong Kong’s economy grew 3.8% year-on-year in the third quarter of 2025, up from 3.1% in the previous quarter, according to advance estimates. This marks the strongest growth since late 2023, driven by a surge in exports and robust domestic demand. Goods exports rose 12.2%, supported by strong demand for electronics and regional trade flows, while service exports rose 6.1%, boosted by tourism recovery and cross-border financial activity amid rising global stock markets. Imports also increased, though at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1%, while overall investment climbed 4.3%, reflecting stronger economic confidence and a stabilizing property market. On a seasonally adjusted quarterly basis, GDP rose 0.7%.
2025-10-31