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.
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
|