Hong Kong's economy expanded 4.3% year-on-year in the second quarter of 2026, matching preliminary estimates but slowing from 5.9% in the previous quarter. The moderation was driven by softer domestic demand, with household consumption growth easing to 2.8% from 4.9% in the first quarter. Government spending was flat after rising 2.8%, while gross fixed capital formation slowed sharply to 4.4% from 18.3%. In contrast, external demand remained the primary engine of growth. Exports of goods accelerated to 28.9% from 23.8%, while exports of services edged up to 3.4% from 3.3%. Meanwhile, growth in imports of goods eased slightly to 29.3% from 29.9%, while imports of services slowed to 3.0% from 3.8%. On a seasonally adjusted quarterly basis, the economy tumbled 0.6%, reversing a 2.9% expansion in the previous three months and marking Hong Kong's first quarter-on-quarter economic contraction since the second quarter of 2022. source: Census and Statistics Department, Hong Kong

The Gross Domestic Product (GDP) in Hong Kong expanded 4.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong averaged 4.60 percent from 1974 until 2026, 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 August of 2026.

The Gross Domestic Product (GDP) in Hong Kong expanded 4.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong is expected to be 5.10 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 and 3.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-31 08:30 AM
YoY Adv
Q2 4.3% 5.9% 4.8% 5.1%
2026-08-14 08:30 AM
YoY Final
Q2 4.3% 5.9% 4.3% 4.3%
2026-11-03 08:30 AM
YoY Adv
Q3 5.1%


Related Last Previous Unit Reference
Full Year GDP Growth 3.50 2.60 percent Dec 2025
GDP Growth Rate YoY 4.30 5.90 percent Jun 2026
GDP Constant Prices 824319.00 854226.00 HKD Million Jun 2026
GDP from Agriculture 265.00 263.00 HKD Million Mar 2026
GDP from Construction 35020.00 28351.00 HKD Million Mar 2026
GDP from Manufacturing 7114.00 7960.00 HKD Million Mar 2026
GDP from Public Administration 155389.00 168144.00 HKD Million Mar 2026
GDP from Services 766168.00 810705.00 HKD Million Mar 2026
GDP from Transport 53945.00 54274.00 HKD Million Mar 2026
GDP from Utilities 7384.00 7797.00 HKD Million Mar 2026
GDP Growth Rate -0.60 2.90 percent Jun 2026
Gross Fixed Capital Formation 138457.00 143262.00 HKD Million Jun 2026
Gross National Product 925699.00 977781.00 HKD Million Mar 2026


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
4.30 5.90 20.50 -9.40 1974 - 2026 percent Quarterly
NSA, 2023

News Stream
Hong Kong Confirms Q2 GDP Growth at 4.3%
Hong Kong's economy expanded 4.3% year-on-year in the second quarter of 2026, matching preliminary estimates but slowing from 5.9% in the previous quarter. The moderation was driven by softer domestic demand, with household consumption growth easing to 2.8% from 4.9% in the first quarter. Government spending was flat after rising 2.8%, while gross fixed capital formation slowed sharply to 4.4% from 18.3%. In contrast, external demand remained the primary engine of growth. Exports of goods accelerated to 28.9% from 23.8%, while exports of services edged up to 3.4% from 3.3%. Meanwhile, growth in imports of goods eased slightly to 29.3% from 29.9%, while imports of services slowed to 3.0% from 3.8%. On a seasonally adjusted quarterly basis, the economy tumbled 0.6%, reversing a 2.9% expansion in the previous three months and marking Hong Kong's first quarter-on-quarter economic contraction since the second quarter of 2022.
2026-08-14
Hong Kong GDP Grows 4.3% in Q2
Hong Kong’s economy expanded 4.3% year-on-year in the second quarter of 2026, easing from 5.9% growth in the previous quarter and coming in slightly below expectations of 4.8%, according to preliminary estimates. Growth slowed in private consumption expenditure (2.9% vs. 4.9% in Q1) and government consumption expenditure (0.5% vs. 2.8%). Gross fixed capital formation also lost momentum, increasing 4.6% compared with an 18.3% rise in the previous quarter. Meanwhile, external demand remained a key driver of growth, with exports of goods rising to 28.8% from 23.8%, while imports of goods rose at a slightly slower pace of 29.3% after 29.9% in Q1. On a seasonally adjusted quarterly basis, GDP contracted 0.6% in Q2, reversing a 2.9% expansion in the preceding quarter and marking the first quarterly decline since the third quarter of 2022.
2026-07-31
Hong Kong Q1 GDP Confirmed at Near 5-Year High
Hong Kong’s economy grew by 5.9% year-on-year in Q1 2026, matching preliminary estimates and accelerating from an upwardly revised 4% in Q4 2025. This marked the strongest growth since Q2 2021, driven by solid domestic demand and continued resilience in external trade. Household consumption rose to 4.9%, from 2.5% in Q4 2025, while government spending doubled to 3% from 1.5%. Gross fixed capital formation climbed to 17.7%, compared with 11.7% in the previous quarter. On the external front, exports of goods surged to 23.7%, from 15.4% in the previous quarter, supported by sustained global demand for artificial intelligence (AI)-related electronic products and buoyant regional trade flows across Asia. Imports also strengthened sharply, rising to 29.8% from 18.2%. On a seasonally adjusted quarterly basis, GDP grew by 2.9%, a five-year high, compared with 1.1% in Q4 2025. The economy is expected to remain broadly resilient, with the government keeping its GDP forecast at 2.5%–3.5%.
2026-05-15