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 second 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.

Hong Kong GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 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. Content for - Hong Kong GDP Growth Rate - was last refreshed on Monday, August 31, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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%
2015-08-14 09:30 AM Q2 0.4% 0.7%(R) 0.77%
2015-11-13 08:30 AM Q3 0.4% 0.88%


Hong Kong GDP Grows 0.4% in Q2


Hong Kong economy expanded by 0.4 percent quarter-to-quarter from April to June compared with an upwardly revised 0.7 percent growth in the previous period.

Private consumption expenditure increased by 1.2 percent compared to a 1.8 percent growth in the previous period. Government consumption expenditure rose by 1.1 percent.

Total exports of goods declined by 3.2 percent, compared to 1.4 percent contraction in Q1. Exports of services declined by 0.8 percent compared to 0.9 percent growth in Q1. Total imports of goods decreased by 3.1 percent (-2.1 percent in Q1), while imports of services  increased by 2.1 percent (+0.8 percent in Q1).

Year-on-year, the economy advanced 2.8 percent, up from a 2.1 percent growth in the previous quarter.

Censtatd l Giulia Casagrande l giulia.casagrande@tradingeconomics.com
8/14/2015 10:53:14 AM


Recent Releases

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.
Published on 2015-05-15

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 Last Previous Highest Lowest Unit
GDP 290.90 275.74 290.90 1.32 USD Billion [+]
GDP Growth Rate 0.40 0.40 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.80 2.10 20.70 -8.10 percent [+]
GDP Constant Prices 533088.00 541265.00 584672.00 59854.00 HKD Million [+]
Gross National Product 549169.00 606184.00 606184.00 303627.00 HKD Million [+]
GDP per capita 34222.29 33638.97 34222.29 3079.77 USD [+]
Gross Fixed Capital Formation 133281.00 123178.00 146056.00 14174.00 HKD Million [+]
GDP per capita PPP 52551.60 51655.84 52551.60 26974.38 USD [+]
Gdp From Agriculture 261.00 293.00 462.00 259.00 HKD Million [+]
Gdp From Construction 23121.00 24438.00 24438.00 12781.00 HKD Million [+]
Gdp From Manufacturing 6891.00 7654.00 11880.00 6689.00 HKD Million [+]
Gdp From Public Administration 89799.00 91904.00 93205.00 66683.00 HKD Million [+]
Gdp From Services 488561.00 538273.00 538273.00 262395.00 HKD Million [+]
Gdp From Transport 32236.00 32609.00 32609.00 16291.00 HKD Million [+]
Gdp From Utilities 7973.00 8169.00 10784.00 6193.00 HKD Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]