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

Hong Kong's economy contracted 0.40 percent on quarter in three months to March of 2016, compared to 0.2 percent growth in the previous period. It was the first contraction since the second quarter of 2014 and the biggest since 2011. Sluggish external and domestic demand, and weak tourism hit the economy, with private consumption falling 0.4 percent, exports of goods and services slumping by 3.9 percent and 1.8 percent respectively, and imports of goods decreasing 4.2 percent. Partially offsetting declines, government spending advanced 0.9 percent and imports of services rose 0.3 percent. 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
-0.40 0.20 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-13 08:30 AM Q3 0.9% 0.4% 0.4% 0.4%
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 -0.4% -0.2%
2016-11-11 08:30 AM Q3 -0.1%

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 0.20 6.30 -3.40 percent [+]
GDP Annual Growth Rate 0.80 1.90 20.70 -8.10 percent [+]
GDP 290.90 275.74 290.90 1.32 USD Billion [+]
GDP Constant Prices 564788.00 613884.00 613884.00 64887.00 HKD Million [+]
Gross National Product 632218.00 607637.00 632218.00 330747.00 HKD Million [+]
Gross Fixed Capital Formation 113396.00 136815.00 151014.00 15107.00 HKD Million [+]
GDP per capita 34222.29 33638.97 34222.29 3079.77 USD [+]
GDP per capita PPP 52551.60 51655.84 52551.60 26974.38 USD [+]
GDP From Agriculture 354.00 370.00 602.00 337.00 HKD Million [+]
GDP From Construction 25408.00 23469.00 26006.00 13065.00 HKD Million [+]
GDP From Manufacturing 7013.00 7173.00 11028.00 6211.00 HKD Million [+]
GDP From Public Administration 98677.00 99209.00 99209.00 69348.00 HKD Million [+]
GDP From Services 560996.00 530356.00 560996.00 268771.00 HKD Million [+]
GDP From Transport 35028.00 34014.00 35028.00 17352.00 HKD Million [+]
GDP From Utilities 8219.00 10240.00 10860.00 6236.00 HKD Million [+]




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Mongolia 7.40 Mar/14
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United Arab Emirates 4.60 Dec/14
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Macedonia 3.90 Mar/14
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Ireland 2.70 Dec/15
Sri Lanka 2.50 Dec/15
Rwanda 2.35 Dec/15
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Peru 1.90 Dec/15
Mozambique 1.80 Mar/16
India 1.70 Dec/15
Romania 1.60 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Cameroon 1.50 Sep/15
Tanzania 1.50 Sep/10
Kenya 1.40 Sep/15
Bolivia 1.30 Dec/15
Chile 1.30 Mar/16
Ghana 1.30 Dec/15
Kazakhstan 1.26 Dec/13
China 1.10 Mar/16
Luxembourg 1.10 Dec/15
Malta 1.10 Dec/15
Philippines 1.10 Mar/16
Costa Rica 1.04 Sep/15
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Cyprus 0.90 Mar/16
New Zealand 0.90 Dec/15
Paraguay 0.90 Dec/15
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Spain 0.80 Mar/16
United States 0.80 Mar/16
Taiwan 0.78 Mar/16
Albania 0.73 Dec/15
Bulgaria 0.70 Mar/16
Germany 0.70 Mar/16
Slovakia 0.70 Mar/16
Turkey 0.70 Dec/15
Australia 0.60 Dec/15
Canada 0.60 Mar/16
Colombia 0.60 Dec/15
Croatia 0.60 Apr/16
France 0.60 Mar/16
South Africa 0.60 Dec/15
Argentina 0.50 Jun/15
Austria 0.50 Mar/16
Czech Republic 0.50 Mar/16
Denmark 0.50 Mar/16
Euro Area 0.50 Mar/16
European Union 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
Sweden 0.50 Mar/16
Finland 0.40 Mar/16
Japan 0.40 Mar/16
South Korea 0.40 Mar/16
Switzerland 0.40 Dec/15
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Israel 0.20 Mar/16
Portugal 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Ecuador 0.10 Dec/15
Jamaica 0.10 Dec/15
Uruguay 0.10 Dec/15
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Brazil -1.40 Dec/15
Nigeria -13.70 Mar/16