Hong Kong's economy expanded 0.5% on quarter in the three months to December 2023, in line with market expectations and up from a 0.3% rise in the prior quarter. GDP Growth Rate in Hong Kong averaged 0.77 percent from 1990 until 2023, reaching an all time high of 6.60 percent in the first quarter of 2021 and a record low of -4.80 percent in the first quarter of 2020. source: Census and Statistics Department, Hong Kong

The Gross Domestic Product (GDP) in Hong Kong expanded 0.50 percent in the fourth quarter of 2023 over the previous quarter.

The Gross Domestic Product (GDP) in Hong Kong expanded 0.50 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in Hong Kong is expected to be 0.30 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 0.30 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Width
Height

Hong Kong GDP Growth Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-11-10 08:30 AM QoQ Final Q3 0.1% -1.3% 0.1% 0.1%
2024-01-31 08:30 AM QoQ Adv Q4 0.5% 0.3% 0.5% 0.5%
2024-02-28 08:30 AM QoQ Final Q4 0.3% 0.5% 0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.50 0.30 percent Dec 2023
GDP Annual Growth Rate 4.30 4.10 percent Dec 2023
GDP Constant Prices 723307.00 682846.00 HKD Million Sep 2023
Gross National Product 806601.00 742819.00 HKD Million Sep 2023
Gross Fixed Capital Formation 126594.00 120202.00 HKD Million Sep 2023
Full Year GDP Growth 3.20 -3.70 percent Dec 2023
GDP from Utilities 10573.00 9426.00 HKD Million Sep 2023
GDP from Transport 63246.00 51090.00 HKD Million Sep 2023
GDP from Services 655326.00 612307.00 HKD Million Sep 2023
GDP from Public Administration 150323.00 146654.00 HKD Million Sep 2023
GDP from Manufacturing 7138.00 6996.00 HKD Million Sep 2023
GDP from Construction 29213.00 30771.00 HKD Million Sep 2023
GDP from Agriculture 485.00 562.00 HKD Million Sep 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 6.60 -4.80 1990 - 2023 percent Quarterly
SA