Hong Kong's economy shrank by 2.6 percent over the previous quarter in the three months to September 2022 period, following a 1.0 percent contraction during the last quarter. Prive consumption slowed sharply (1.1 percent vs. 8.0 percent in Q2) while government spending tumbled (-5.2 percent vs. 5.2 percent). In terms of net trade, exports of goods fell 7.7 percent (vs. -5.1 percent in Q2), while services exports declined 4.7 percent (vs. 0.5 percent). At the same time, imports of goods dropped 9.9 percent (vs. 1.9 percent) while services imports rose 0.2 percent (vs. 0.5 percent). source: Census and Statistics Department, Hong Kong
GDP Growth Rate in Hong Kong averaged 0.77 percent from 1990 until 2022, reaching an all time high of 6.10 percent in the third quarter of 2003 and a record low of -5.10 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 January of 2023.
GDP Growth Rate in Hong Kong is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.