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

The Gross Domestic Product (GDP) in Hong Kong expanded 1.70 percent in the third 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
1.70 -0.10 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 Thursday, December 18, 2014.


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.

Private consumption rose 1.9 percent in the three months to September compared to a 1 percent decrease in the previous quarter. Government spending rose 0.8 percent, slowing from a 1.9 percent increase in the second quarter. Exports rose 2 percent and imports of goods expanded 1.3 percent.

Year on year, the GDP advanced 2.7 percent compared with a revised 2.8 percent growth from April to June.

Census and Statistics Department | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/14/2014 12:11:45 PM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-16 09:30 AM
GDP Growth Rate QoQ  Q1
0.2% 0.9% (R) 0.5% 0.25%
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%
2015-02-26 03:00 AM
GDP Growth Rate QoQ  Q4
0.79%
2015-05-16 09:30 AM
GDP Growth Rate QoQ  Q1
0.69%
2015-08-15 09:30 AM
GDP Growth Rate QoQ  Q2
0.7%


Hong Kong GDP Last Previous Highest Lowest Unit
GDP 274.01 262.63 274.01 1.32 USD Billion [+]
GDP Growth Rate 1.70 -0.10 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.70 1.80 20.70 -8.10 percent [+]
GDP Constant Prices 546639.00 507492.00 561064.00 59854.00 HKD Million [+]
Gross National Product 526532.00 519282.00 576845.00 303627.00 HKD Million [+]
GDP per capita 33534.28 32728.79 33534.28 3079.77 USD [+]
Gross Fixed Capital Formation 129664.00 129726.00 145686.00 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 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]