Hong Kong GDP Growth Rate  1990-2016 | Data | Chart | Calendar | Forecast

Hong Kong's economy grew 1.6 percent on quarter in three months to June of 2016, rebounding strongly from 0.5 percent contraction in the preceding period. It was the strongest growth rate since first quarter of 2011. Private consumption expenditure went up by 0.9 percent (-0.2 percent in Q1) and government consumption expenditure rose 0.8 percent (+1.0 percent in Q1). Exports of goods bounced back strongly by 3.3 percent (-3.9 percent in Q1) while exports of services extended the decline (-0.2 percent from -1.9 percent in Q1). Imports of goods increased 3.5 percent (-2.0 percent in Q1) while imports of services contracted 2.0 percent (+1.4 percent in Q1). GDP Growth Rate in Hong Kong averaged 0.93 percent from 1990 until 2016, reaching an all time high of 6.30 percent in the third quarter of 2003 and a record low of -3.40 percent in the first quarter of 2009. GDP Growth Rate in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.60 -0.50 6.30 -3.40 1990 - 2016 percent Quarterly
Hong Kong has an export oriented economy and in spite of small size is the 8th largest trading entity in the world. Since 2000, the economy grew at an average of 0.99 percent quarter-on-quarter, boosted by international trade. Indeed, as Hong Kong became a platform between Chinese companies and importers from all around the world, the value of goods and services exchanged reached four times the GDP. Yet, the high reliance on exports and tight housing supply conditions are the main treats to future growth. This page provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-24 03:00 AM Q4 0.2% 0.6% 0.2% 0.8%
2016-05-13 08:30 AM Q1 -0.4% 0.2% 0.75%
2016-08-12 08:30 AM Q2 1.6% -0.5% -0.3%
2016-11-11 08:30 AM Q3 1.6% 0.6%

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 -0.50 6.30 -3.40 percent [+]
GDP Annual Growth Rate 1.70 0.80 20.70 -8.10 percent [+]
GDP 309.93 291.23 309.93 1.32 USD Billion [+]
GDP Constant Prices 559887.00 564375.00 613884.00 64887.00 HKD Million [+]
Gross National Product 602539.00 583639.00 632218.00 330747.00 HKD Million [+]
Gross Fixed Capital Formation 127413.00 114026.00 151014.00 15107.00 HKD Million [+]
GDP per capita 36117.10 35596.00 36117.10 4902.70 USD [+]
GDP per capita PPP 53379.74 52609.61 53379.74 26974.39 USD [+]
GDP From Agriculture 400.00 308.00 602.00 308.00 HKD Million [+]
GDP From Construction 25315.00 24274.00 26006.00 13065.00 HKD Million [+]
GDP From Manufacturing 6836.00 6382.00 11028.00 6211.00 HKD Million [+]
GDP From Public Administration 102175.00 95283.00 102175.00 69348.00 HKD Million [+]
GDP From Services 503254.00 507326.00 560996.00 268771.00 HKD Million [+]
GDP From Transport 31831.00 34704.00 35028.00 17352.00 HKD Million [+]
GDP From Utilities 9406.00 8089.00 10860.00 6236.00 HKD Million [+]




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