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

The Gross Domestic Product (GDP) in Hong Kong expanded 0.40 percent in the first quarter of 2015 over the previous quarter. 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.

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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 - 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. Content for - Hong Kong GDP Growth Rate - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-14 08:30 AM Q3 1.7% -0.1% 0.94%
2015-02-25 03:00 AM Q4 0.4% 1.4% (R) 0.79%
2015-05-15 09:30 AM Q1 0.4% 0.2% (R) 0.29%
2015-08-15 09:30 AM Q2 0.4% 0.42%
2015-11-13 08:30 AM Q3 0.44%


Hong Kong GDP Grows 0.4% in Q1


The Hong Kong economy advanced a seasonally adjusted 0.4 percent on quarter in the first three months of 2015, after a downwardly revised 0.2 percent growth in the previous quarter. Public spending was the main driver of growth while private consumption slowed and exports of goods contracted.

Private consumption grew at a slower 0.1 percent (1.1 percent in the precedent quarter), while public spending rose 0.8 percent (from 0.3 percent). 

Exports of goods shrank 1.4 percent and imports decreased 2.1 percent, after rising 0.9 percent and 2.0 percent respectively in the previous period. At the same time, exports of services increased by 0.3 percent, while imports fell 0.9 percent, against the increase of 0.7 percent and 2.1 percent in the previous period, respectively.

Year-on-year, the economy advanced 2.1 in the first three months of 2015, down from a 2.4 percent growth in the previous quarter.

For 2015, the Hong Kong GDP is expected to grow between 1.0 to 3.0 percent.

Censtatd l Joana Ferreira l joana.ferreira@tradingeconomics.com
5/15/2015 11:14:26 AM


Recent Releases

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.
Published on 2015-02-25

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

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 GDP Last Previous Highest Lowest Unit
GDP 274.01 262.63 274.01 1.32 USD Billion [+]
GDP Growth Rate 0.40 0.20 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.10 2.40 20.70 -8.10 percent [+]
GDP Constant Prices 541265.00 584672.00 584672.00 59854.00 HKD Million [+]
Gross National Product 549169.00 606184.00 606184.00 303627.00 HKD Million [+]
GDP per capita 33534.28 32728.79 33534.28 3079.77 USD [+]
Gross Fixed Capital Formation 123178.00 146056.00 146056.00 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 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]