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.

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Hong Kong GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 08:30 AM QoQ Adv Q3 -2.6% 1% 2% 0.8%
2022-11-11 08:30 AM QoQ Final Q3 -2.6% 1% -2.6%
2023-02-01 08:30 AM QoQ Adv Q4 -2.6% -0.5%

Related Last Previous Unit Reference
GDP Growth Rate -2.60 1.00 percent Sep 2022
GDP Annual Growth Rate -4.50 -1.30 percent Sep 2022
GDP Constant Prices 689915.00 668074.00 HKD Million Sep 2022
Gross National Product 769128.00 744645.00 HKD Million Sep 2022
Gross Fixed Capital Formation 110240.00 123010.00 HKD Million Sep 2022
Full Year GDP Growth 6.40 -6.10 percent Dec 2021
GDP from Utilities 10669.00 9165.00 HKD Million Sep 2022
GDP from Transport 27919.00 23047.00 HKD Million Sep 2022
GDP from Services 621008.00 592378.00 HKD Million Sep 2022
GDP from Public Administration 143376.00 139269.00 HKD Million Sep 2022
GDP from Manufacturing 7032.00 7006.00 HKD Million Sep 2022
GDP from Construction 25657.00 27283.00 HKD Million Sep 2022
GDP from Agriculture 606.00 639.00 HKD Million Sep 2022

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
-2.60 1.00 6.10 -5.10 1990 - 2022 percent Quarterly