The economy of Hong Kong jumped 5.3 percent on quarter in the first three months of 2021, the fastest expansion since the third quarter of 2003, following an upwardly revised 0.5 percent growth in the previous period, flash estimates showed. “Global economic recovery led by the mainland and the US should bode well for Hong Kong’s exports of goods in the near term.”, a Government spokesman said. On a non-seasonally adjusted basis, output rose 7.8 percent in the three months ending March, at a pace not seen since the first quarter of 2010. source: Census and Statistics Department, Hong Kong
GDP Growth Rate in Hong Kong averaged 0.85 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 -5.60 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 May of 2021.
GDP Growth Rate in Hong Kong is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Hong Kong to stand at 0.50 in 12 months time. 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.