Hong Kong GDP Growth Rate 1990-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Hong Kong expanded 0.4 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Hong Kong averaged 0.97 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.

      Forecast    
Hong Kong GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.40 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 Sunday, April 19, 2015.


Hong Kong GDP Expands 0.4% in Q4


The Hong Kong economy advanced a seasonally adjusted 0.4 percent on quarter in the last three months of 2014, the weakest growth rate in nearly 3 years. Exports contracted, weighting down on growth while private and public spending slowed.

Private consumption grew at a slower 1.1 percent (1.9 percent in Q3) and public spending slowed to 0.3 percent (from 1 percent). Exports of goods shrank 0.3 percent while imports increased 0.8 percent, after rising 1.8 percent and 0.8 percent respectively in the previous period. 

Year-on-year, the economy advanced 2.2 in the last three months of 2014, bringing full year growth to 2.3 percent (2.9 percent in 2013).

The occupy movement from September to December last year hurt consumption, retail, tourism and transport. For 2015, the government already announced fiscal measures to boost consumption, investment and growth, including cut personal and business taxes, increase child allowances and waiving license fees for hotels and restaurants.

Joana Taborda | joana.taborda@tradingeconomics.com
2/25/2015 10:54:03 AM


Recent Releases

Hong Kong GDP Growth at 3-1/2-Year High
Hong Kong's economy advanced a seasonally adjusted 1.7 percent in the third quarter of 2014, rebounding from a 0.1 contraction in the previous period. It is the highest growth rate since the first three months of 2011, boosted by private consumption and exports. Published on 2014-11-14

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. Published on 2014-08-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-15 09:30 AM
GDP Growth Rate QoQ  Q2
-0.1% 0.3% (R) 0.9% 0.3%
2014-11-14 08:30 AM
GDP Growth Rate QoQ  Q3
1.7% -0.1% 0.94%
2015-02-25 03:00 AM
GDP Growth Rate QoQ  Q4
0.4% 1.4% (R) 0.79%
2015-05-15 09:30 AM
GDP Growth Rate QoQ  Q1
0.4% 0.69%
2015-08-15 09:30 AM
GDP Growth Rate QoQ  Q2
0.7%
2015-11-13 08:30 AM
GDP Growth Rate QoQ  Q3
0.73%


Hong Kong GDP Last Previous Highest Lowest Unit
GDP 274.01 262.63 274.01 1.32 USD Billion [+]
GDP Growth Rate 0.40 1.40 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.20 2.70 20.70 -8.10 percent [+]
GDP Constant Prices 573280.00 545631.00 573280.00 59854.00 HKD Million [+]
Gross National Product 599567.00 565693.00 599567.00 303627.00 HKD Million [+]
GDP per capita 33534.28 32728.79 33534.28 3079.77 USD [+]
Gross Fixed Capital Formation 150178.00 129819.00 150178.00 14174.00 HKD Million [+]
GDP per capita PPP 51508.86 50271.63 51508.86 26981.75 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]