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

The Hong Kong economy advanced a seasonally adjusted 0.9 percent quarter-on-quarter in the three months to September of 2015, after a 0.4 percent growth in the previous quarter and above market expectations of 0.4 percent increase. Private consumption grew at a slower 0.1 percent (1.3 percent in Q2) and public spending rose 0.2 percent (+1.1 percent in Q2). Exports of goods went up by 0.5 percent (-3.2 percent in Q2) and imports decreased 0.9 percent (-3.1 percent in Q2). At the same time, exports of services fell 1.9 percent (-0.8 percent in Q2), while imports declined 0.3 percent (-1.5 percent in Q2). GDP Growth Rate in Hong Kong averaged 0.95 percent from 1990 until 2015, 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
0.90 0.40 6.30 -3.40 1990 - 2015 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. Hong Kong GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-15 09:30 AM Q1 0.4% 0.2%(R) 0.29%
2015-08-14 09:30 AM Q2 0.4% 0.7%(R) 0.77%
2015-11-13 08:30 AM Q3 0.9% 0.4% 0.4% 0.4%
2016-02-24 08:30 AM Q4 0.95%
2016-05-13 08:30 AM Q1 0.98%
2016-08-12 08:30 AM Q2 1.07%

Hong Kong GDP Grows 0.9% in Q3


The Hong Kong economy advanced a seasonally adjusted 0.9 percent quarter-on-quarter, after a 0.4 percent growth in the previous quarter and above market expectations of 0.4 percent increase.

Private consumption grew at a slower 0.1 percent (+1.3 percent in Q2) and public spending rose 0.2 percent (+1.1 percent in Q2). 

Exports of goods went up by 0.5 percent (-3.2 percent in Q2) and imports decreased 0.9 percent (-3.1 percent in Q2). At the same time, exports of services fell 1.9 percent (-0.8 percent in Q2), while imports declined 0.3 percent (-1.5 percent in Q2).

Year-on-year, the economy advanced 2.3 percent in the third quarter, down from a 2.8 percent growth in the previous quarter.

For 2015, the Hong Kong GDP is expected to grow 2.4 percent.

Yekaterina | yekaterina@tradingeconomics.com
11/13/2015 9:59:25 AM

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.40 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.30 2.80 20.70 -8.10 percent [+]
GDP 290.90 275.74 290.90 1.32 USD Billion [+]
GDP Constant Prices 571655.00 533241.00 584672.00 59854.00 HKD Million [+]
Gross National Product 592470.00 563130.00 606184.00 303627.00 HKD Million [+]
Gross Fixed Capital Formation 120545.00 133281.00 146056.00 14174.00 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 289.00 315.00 462.00 259.00 HKD Million [+]
GDP From Construction 21805.00 23162.00 24438.00 12781.00 HKD Million [+]
GDP From Manufacturing 7734.00 7397.00 11880.00 6689.00 HKD Million [+]
GDP From Public Administration 95257.00 95163.00 95257.00 66683.00 HKD Million [+]
GDP From Services 518049.00 478600.00 538273.00 262395.00 HKD Million [+]
GDP From Transport 32739.00 29581.00 32739.00 16291.00 HKD Million [+]
GDP From Utilities 10343.00 9444.00 10784.00 6193.00 HKD Million [+]




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Latvia -0.01 Dec/15
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