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%. source: Census and Statistics Department, Hong Kong

The Gross Domestic Product (GDP) in Hong Kong expanded 5.90 percent in the first 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 May of 2026.

The Gross Domestic Product (GDP) in Hong Kong expanded 5.90 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong is expected to be 4.00 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
2026-05-05 08:30 AM
YoY Adv
Q1 5.9% 4% 3.5% 3.5%
2026-05-15 08:30 AM
YoY Final
Q1 5.9% 3.8% 5.9% 5.9%
2026-07-31 08:30 AM
YoY Adv
Q2 5.9% 4%


Related Last Previous Unit Reference
Full Year GDP Growth 3.50 2.60 percent Dec 2025
GDP Growth Rate YoY 5.90 4.00 percent Mar 2026
GDP Constant Prices 854423.00 871000.00 HKD Million Mar 2026
GDP from Agriculture 255.00 252.00 HKD Million Dec 2025
GDP from Construction 28541.00 28852.00 HKD Million Dec 2025
GDP from Manufacturing 7598.00 7787.00 HKD Million Dec 2025
GDP from Public Administration 166018.00 166158.00 HKD Million Dec 2025
GDP from Services 774404.00 724945.00 HKD Million Dec 2025
GDP from Transport 54900.00 49877.00 HKD Million Dec 2025
GDP from Utilities 7533.00 9762.00 HKD Million Dec 2025
GDP Growth Rate 2.90 1.10 percent Mar 2026
Gross Fixed Capital Formation 142480.00 149871.00 HKD Million Mar 2026
Gross National Product 975336.00 912201.00 HKD Million Dec 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
5.90 4.00 20.50 -9.40 1974 - 2026 percent Quarterly
NSA, 2023

News Stream
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
Hong Kong Q1 GDP Hits Near 5-Year High
Hong Kong’s economy expanded 5.9% year-on-year in the first quarter of 2026, comfortably beating market expectations of 3.5% and accelerating from an upwardly revised 4.0% in Q4 2025, preliminary estimates showed. It marked the strongest economic growth since Q2 2021, supported by expansion across domestic and external demand. Household consumption jumped to 5% from 2.5% in Q4 2025, while government spending increased to 2.9% from 1.5%. In addition, gross fixed capital formation surged 17.7%, compared with 11.7% in the prior period. External trade also provided a significant boost, as exports of goods jumped to 23.8% from 15.4%, while imports climbed to 29.9% from 18.2%. On a seasonally adjusted quarterly basis, GDP grew to a five-year high of 2.9%, compared with an upwardly revised 1.1% in the preceding quarter.
2026-05-05
Hong Kong GDP Growth Confirmed at 3.8% in Q4
Hong Kong’s economy grew by 3.8% year-on-year in the fourth quarter of 2025, following a revised 3.7% expansion in the previous quarter, and matching preliminary estimates. Private consumption rose 2.7%, up from 2.4%, while overall investment surged 10.5%, compared with 3.4%, reflecting stronger consumer confidence and an improved business outlook. In contrast, government spending slowed to 1.4% from 2% in Q3. On the trade front, goods exports climbed 15.5% from 12%, while service exports eased to 4.8% from 6.6%. Meanwhile, goods imports increased 18.4% from 11.7% and service imports rose 3.7% from 2.3%. On a seasonally adjusted quarterly basis, the GDP rose 1% from an upwardly revised 0.9%. For the full year, Hong Kong’s economy expanded 3.5%, up from 2.6% in 2024.
2026-02-25