Latest News Stream - Gdp Annual Growth Rate

Hong Kong’s economy expanded 5.2% year-on-year in the third quarter of 2026, beating market expectations of 3.7% and accelerating from a downwardly revised 4.2% in the previous quarter, according to preliminary estimates. Government spending climbed to 1.7% after stalling in Q2, while gross domestic fixed capital formation nearly doubled its growth rate to 7.3% from 3.7%. In contrast, private consumption growth edged down to 2.8% from 2.9%. On the external front, exports of goods increased 30.4% from 28.9% in the previous quarter, while imports of goods rose to 29.9% from 29.3%. Looking ahead, Hong Kong’s growth momentum is expected to remain firm, supported by robust global AI investment, which should underpin merchandise exports, while continued growth in inbound tourism, cross-boundary travel and financial market activity is expected to support services exports. On a seasonally adjusted quarterly basis, GDP rebounded 1.9% in Q3, following an upwardly revised 1.7% decline in Q2.

The GDP in the Eurozone expanded 1.3% year-on-year in Q3 2026, the most in over a year, following a 1.2% rise in Q2 and compared to forecasts of 1.1%, preliminary estimates showed. Faster increases were seen in Germany (1.2% vs 1%), Spain (2.7% vs 2.6%), Netherlands (2.1% vs 1.6%), Finland (1.8% vs 1.4%) and Estonia (2.2% vs 1.8%) and a rebound was recorded in Ireland (3.6% vs -0.4%). In contrast, a contraction was seen in France (-0.1% vs 0.5%) while growth rates slowed in Italy (0.8% vs 1%), Portugal (2.4% vs 2.6%), Austria (0.6% vs 0.8%) and Lithuania (2.3% vs 3.9%). The Belgium economy expanded 0.7%, the same as in Q2.

The Dutch economy grew by 2.1% year-on-year in Q3 2026, accelerating from 1.6% in Q2 and marking its strongest annual expansion since Q4 2022, according to preliminary data. Household consumption and the trade balance were the main contributors to growth. Public consumption increased by 2.0%, while household spending rose by 1.8%. Investment also expanded, although at a more moderate pace of 0.8%. Exports grew by 2.7%, outpacing the 2.2% increase in imports and resulting in a positive contribution from net trade. From a sectoral perspective, manufacturing, trade, accommodation and food services, and transport and storage made the largest contributions to economic growth compared with Q3 2025. On a quarterly basis, GDP increased by 0.6%, following an upwardly revised expansion of 0.7% in Q2 and exceeding market expectations of 0.3%.

Macau’s economy grew by 0.1% year-on-year in the third quarter of 2026, easing from 0.3% in the previous quarter, according to preliminary estimates. The latest figure marked the weakest growth since the first quarter of 2025, as exports of gaming services fell by 4.8%, reflecting short-term adjustments in gross gaming revenue due to external environmental factors. Meanwhile, exports of other tourism services rose by 6.6%, lifted by an increase in visitor arrivals. On the domestic front, gross fixed capital formation jumped 17.2%, supported by accelerated progress in public and private construction projects.

Taiwan’s economy expanded 14.36% year-on-year in the third quarter of 2026, accelerating from 12.93% in the previous quarter and exceeding market expectations of 12%, according to preliminary estimates. Growth was largely underpinned by sustained demand for emerging technologies, particularly artificial intelligence and related applications. Domestic demand growth strengthened to 11.91% from 8.83% in Q2, as government spending nearly doubled to 6.43% from 3.24%, while household consumptions eased to 5.37% from 5.91%. Gross capital formation also surged to 26.36% from 16.2% in the previous quarter, driven mainly by increased investment in machinery and equipment, transportation equipment, intellectual property products and construction. External demand remained robust, although exports (21.12% vs 21.24%) slowed, while imports (20.12% vs 18.25%) rose. On a seasonally adjusted quarterly basis, Taiwan's GDP jumped to 3.21% from 1.39%, marking its highest level since Q4 2025.

Hungary’s gross domestic product expanded by 1.5% year-on-year in the third quarter of 2026, slowing from a 1.7% increase in the previous three-month period, according to preliminary estimates. Economic growth was driven primarily by the industrial sector, which made the largest contribution to GDP, while services continued to support overall activity. In contrast, growth in the agricultural sector slowed significantly. On a seasonally and calendar-adjusted quarterly basis, the economy grew by just 0.1% in Q3 2026, easing from a 0.6% expansion in the preceding quarter.

Kenya’s economy advanced by 5.1% year-on-year in Q2 2026, matching Q1 growth and maintaining its strongest pace since the fourth quarter of 2024 despite persistent global headwinds. The expansion was mainly supported by stronger performance across services and key infrastructure-related sectors. Electricity and water supply expanded by 7.7%, while accommodation and food services grew by 7.4%, reflecting continued strength in tourism-related activity. Information and communication increased by 7.2%, followed by financial and insurance activities (6.1%), construction (6%) and transportation and storage (4.4%). The agriculture, forestry and fishing sector, a key pillar of the economy, rose by 3.5%, down from 3.8% in Q1 and 4% in Q2 2025, partly reflecting the early end of the long rains. On a seasonally adjusted basis, GDP rose by 1.2% quarter-on-quarter, following a 1.3% increase in the previous period.

The Ugandan gross domestic product expanded by 6.8% annually in real terms in the quarter to June of 2026, rebounding from the downwardly revised 5.7% in the quarter to March. The pickup in GDP growth was owed to a surge in exports (21.3% vs 6.3% in March quarter) as the war in the Middle East triggered sharp increases commodities that are sourced in Uganda, including fuel products. At the same time, import growth slowed to 40.1% from 70.8%. In the meantime, consumption expenditure contracted by 1.6% from the 2.9% expansion amid a 9.2% plunge in government expenditure, which offset a slowdown in household consumption (0.7% vs 2.8%). Slower growth was also noted in gross fixed capital formation (3.4% vs 4.4%).

Romania’s economy contracted by 0.2% year-on-year in the second quarter of 2026, slightly less than initially estimated, following a 1.2% decline in the previous quarter. This marked the second consecutive quarter of annual economic contraction since Q4 2020. Household spending declined by 3.1%, while government spending fell by 1.7%. Meanwhile, gross fixed capital formation climbed by 19.9%, while net external demand increased, with exports rising by 4.0% and imports by 3.0%. On the production side, output declined in mining and quarrying (-3.9%), wholesale and retail trade (-4.3%), information and communication (-2.5%), and public administration and defence (-2.0%). In contrast, the strongest gains were recorded in agriculture, forestry and fishing (6.1%), construction (15.4%), and cultural and recreational activities (12.8%). On a seasonally adjusted quarterly basis, GDP remained unchanged, following a revised 0.1% decline in the previous quarter.

Jordan’s economy expanded 3.0% year-on-year in the second quarter of 2026, accelerating from 2.8% in the same period a year earlier and from 2.9% in the previous quarter. Economic activity was led by agriculture, forestry and fishing, which grew 7.8%, followed by manufacturing at 6.2%, electricity, gas, steam and air conditioning supply at 5.0%, and water supply, sewerage, waste management and remediation activities at 4.1%. In terms of contributions to overall GDP growth, manufacturing remained the largest contributor, adding 1.04 percentage points, followed by agriculture at 0.34 percentage points and wholesale and retail trade at 0.25 percentage points. Manufacturing also remained the largest sector of the economy, accounting for 17.2% of GDP, ahead of real estate activities at 12.2% and public administration and defense at 7.9%.

The economy of Senegal advanced by 3.1% year-on-year in Q2 2026, the most since Q2 2025, following a 4.3% growth in the previous period. The expansion was mainly driven by strong performance in the tertiary (6.0%), secondary (5.1%), and primary (1.5%) sectors, as well as net taxes (18.1%). Excluding hydrocarbons, GDP improved by 6.4%. From a demand perspective, economic growth was was primarily driven by increases in gross fixed capital formation (8.0%) and final consumption (5.5%). However, exports of goods and services declined by 2.7% while imports increased by 4.8%. On a seasonally adjusted quarterly basis, the GDP rose by 0.1%.

The economy of Morocco advanced by 4% year-on-year in Q2 2026, following growth of 4.6% in Q1 and 5.8% a year ago. The expansion was mainly driven by agricultural activity, which surged by 21.2%, while non-agricultural activities rose by 1.5%. Within the non-agricultural sector, the services sector grew by 4%, driven by strong performance in financial services and insurance (7.7%), education, human health and social work (6.4%); accommodation & food services (6.6%) and public administration and social security activities (6.4%). Conversely, the secondary sector contracted by 3.9%, reflecting sharp declines in extractive industries (-28.6%) and manufacturing (-3.2%), partly offset by growth in construction (2.8%) and utilities (1.9%). On the demand side, household consumption rose by 4.1% and government spending by 4.6%, while investment advanced 6.8%. Net external demand was a drag on GDP growth, as imports jumped by 9.1%, outpacing the 7.6% growth in exports.

The economy of Cape Verde grew by 8.9% year-on-year in Q2 2026, the fastest pace since Q1 2024, accelerating from 6.4% in the previous period. The data underscored the resilience of the economy despite a challenging global environment. Growth was mainly boosted by stronger activity in trade and repair (+25.9%), construction (+35.3%), financial and insurance activities (+18%), and agriculture (+32.6%). Taxes less subsidies also rose by 4.7%, contributing positively. On the expenditure side, growth reflected higher household consumption (+6.2%) and government spending (+8.7%), with investment (+56.9%) providing the main boost. Meanwhile, net trade contributed negatively to GDP, as imports (+21.3%) rose much faster than exports (+8.8%).

Albania's GDP grew 3.61% year-on-year in the second quarter of 2026, easing slightly from 3.71% in the previous quarter. The largest gains were recorded for public administration, education and health (12.1% vs 14% in Q1), followed by real estate activities (7.2% vs 9%), trade, transport, accommodation and food services (5.5% vs 1.6%), financial and insurance (3.5% vs 5%), information and communication (2.6% vs 2.6%), construction (1.4% vs 3.4%) and industry, electricity and water (0.5% vs -2.1%). In contrast, agriculture, forestry and fishing (-2.3% vs -0.5%), professional and administrative activities (-2.2% vs 7.2%) and arts, entertainment and recreation (-2.1% vs -3.5%) weighed down on the growth. On a quarterly basis, the economy expanded 0.8%, the same pace as in the previous quarter.