Hong Kong Economy Grows at Fastest Pace in 2 Years

2026-01-30 08:57 By Judith Sib-at 1 min. read

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.



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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.
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