The Gross Domestic Product (GDP) in Hong Kong contracted 1.10 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Hong Kong averaged 0.77 percent from 1990 until 2024, 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

GDP Growth Rate in Hong Kong is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-31 08:30 AM QoQ Adv Q3 -1.1% 0.3% 0% 0.1%
2024-11-15 08:30 AM QoQ Final Q3 -1.1% 0.3% -1.1%
2025-02-03 08:30 AM QoQ Adv Q4 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 3.30 -3.70 percent Dec 2023
GDP Growth Rate YoY 1.80 3.30 percent Sep 2024
GDP Constant Prices 747941.00 715986.00 HKD Million Sep 2024
GDP from Agriculture 297.00 352.00 HKD Million Sep 2024
GDP from Construction 29886.00 35564.00 HKD Million Sep 2024
GDP from Manufacturing 7229.00 7142.00 HKD Million Sep 2024
GDP from Public Administration 159423.00 155519.00 HKD Million Sep 2024
GDP from Services 685856.00 642960.00 HKD Million Sep 2024
GDP from Transport 72489.00 60538.00 HKD Million Sep 2024
GDP from Utilities 9994.00 8791.00 HKD Million Sep 2024
GDP Growth Rate -1.10 0.30 percent Sep 2024
Gross Fixed Capital Formation 135222.00 126837.00 HKD Million Sep 2024
Gross National Product 843762.00 801700.00 HKD Million Sep 2024

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
-1.10 0.30 6.60 -4.80 1990 - 2024 percent Quarterly
SA, 2022