Hong Kong GDP Growth Rate 1990-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Hong Kong contracted 0.10 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Hong Kong averaged 0.96 Percent from 1990 until 2014, 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

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.30 6.30 -3.40 1990 - 2014 Percent Quarterly
Hong Kong has an export oriented economy and in spite of small size is the 9th 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. Content for - Hong Kong GDP Growth Rate - was last refreshed on Saturday, October 25, 2014.

Hong Kong Economy Shrinks 0.1% in Q2

Hong Kong's GDP contracted a seasonally adjusted 0.1 percent in the second quarter as tourist spending declinedl and domestic demand continued to slow down.

Hong Kong economic growth is highly dependent on tourist spending especially by Chinese visitors. Retail sales have fallen for five straight months through June, as China’s economic expansion moderated and the anti-corruption campaign trimmed spending on luxury items. 

Year on year, the GDP advanced 1.8 percent compared with a revised 2.6 percent in the first three months of 2014.

Constatd | anna@tradingeconomics.com
8/15/2014 10:33:59 AM

Recent Releases

Hong Kong GDP Expands 0.2% QoQ in Q1
In the first three months of 2014, Hong Kong’s economy advanced a meager 0.2 percent quarter-on-quarter. It is the slowest expansion in two years, mainly due to a fall in exports and a slowdown in private consumption. Published on 2014-05-16

Hong Kong Economy Advances 1.1% QoQ in Q4
In the fourth quarter of 2013, Hong Kong’s GDP expanded at its fastest pace in the last four quarters at 1.1 percent on a quarter-on-quarter seasonally adjusted basis Published on 2014-02-26

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-15 08:30 AM Hong Kong
GDP Growth Rate QoQ
Q3 2013 0.5% 0.7% (R) 0.8% 2.58%
2014-02-26 03:00 AM Hong Kong
GDP Growth Rate QoQ
Q4 2013 1.1% 0.7% (R) 0.9% 0.72%
2014-05-16 09:30 AM Hong Kong
GDP Growth Rate QoQ
Q1 2014 0.2% 0.9% (R) 0.5% 0.25%
2014-08-15 09:30 AM Hong Kong
GDP Growth Rate QoQ
Q2 2014 -0.1% 0.3% (R) 0.9% 0.3%
2014-11-14 08:30 AM Hong Kong
GDP Growth Rate QoQ
Q3 2014 -0.1% 0.94%

Hong Kong GDP Last Previous Highest Lowest Unit
GDP 274.01 262.63 274.01 1.32 USD Billion [+]
GDP Growth Rate -0.10 0.30 6.30 -3.40 Percent [+]
GDP Annual Growth Rate 1.80 2.60 20.70 -8.10 Percent [+]
GDP Constant Prices 517849.00 561064.00 561064.00 59854.00 HKD Million [+]
Gross National Product 518514.00 576845.00 576845.00 303627.00 HKD Million [+]
GDP per capita 33534.28 32728.79 33534.28 3079.77 USD [+]
Gross Fixed Capital Formation 129928.00 119100.00 145686.00 14174.00 HKD Million [+]
GDP per capita PPP 51508.86 50271.63 51508.86 26981.75 USD [+]