The economy of Hong Kong advanced 0.1 percent quarter-over-quarter in the July-September period of 2021, returning to growth after a 0.9 percent contraction in the second quarter, in line with early estimates. source: Census and Statistics Department, Hong Kong

GDP Growth Rate in Hong Kong averaged 0.83 percent from 1990 until 2021, reaching an all time high of 6.10 percent in the third quarter of 2003 and a record low of -5 percent in the first quarter of 2020. This page provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in Hong Kong is expected to be 1.00 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 Growth Rate is projected to trend around 1.00 percent in 2022, according to our econometric models.

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Hong Kong GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-11-01 08:30 AM QoQ Adv Q3 0.1% -0.9% 0.8% 1.2%
2021-11-12 08:30 AM QoQ Final Q3 0.1% -0.9% 0.1% 0.1%
2022-01-28 08:30 AM QoQ Adv Q4 0.1%

Related Last Previous Unit Reference
GDP Growth Rate 0.10 -0.90 percent Sep/21
GDP Annual Growth Rate 5.40 7.60 percent Sep/21
GDP Constant Prices 720472.00 675694.00 HKD Million Sep/21
Gross National Product 763611.00 723260.00 HKD Million Jun/21
Gross Fixed Capital Formation 127298.00 127736.00 HKD Million Sep/21
GDP From Utilities 8327.00 6627.00 HKD Million Jun/21
GDP From Transport 19358.00 24348.00 HKD Million Jun/21
GDP From Services 600418.00 611149.00 HKD Million Jun/21
GDP From Public Administration 138348.00 126420.00 HKD Million Jun/21
GDP From Manufacturing 7392.00 6747.00 HKD Million Jun/21
GDP From Construction 25704.00 27891.00 HKD Million Jun/21
GDP From Agriculture 573.00 528.00 HKD Million Jun/21
Hong Kong GDP Growth Rate
Hong Kong has an export oriented economy and in spite of small size is the 8th largest trading entity in the world with the value of goods and services exchanged four times the size of GDP. 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.