Hong Kong GDP Annual Growth Rate  1974-2016 | Data | Chart | Calendar

The Hong Kong GDP advanced 1.9 percent year-on-year in the December quarter of 2015, slowing from a downwardly revised 2.2 percent expansion in the previous period and slightly below market consensus. It is the weakest growth since the third quarter of 2012, as an increase in household and government spending were unable to offset a decline in investment and exports. On a quarterly basis, the economy expanded 0.2 percent as compared to a downwardly revised 0.6 percent growth in the preceding quarter. For full year of 2015, the economy expanded by 2.4 percent. For 2016, the economy is expected to grow between 1.0 percent to 2.1 percent. Meanwhile, headline inflation for the year is set to rose by 2.3 percent, lower than 3.0 percent in the preceding year. GDP Annual Growth Rate in Hong Kong averaged 5.36 percent from 1974 until 2015, reaching an all time high of 20.70 percent in the fourth quarter of 1976 and a record low of -8.10 percent in the third quarter of 1998. GDP Annual Growth Rate in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.30 20.70 -8.10 1974 - 2015 percent Quarterly
In recent years, Hong Kong has become an international hub for business, trade and finance importers willing to access the Chinese market. As such, the largest sector of the economy is services, which accounts for around 93 percent of GDP. Within services, the most important are wholesale and retail trade (25 percent of GDP); public administration and social services (17 percent); finance and insurance (16 percent); real estate and business services (11 percent); ownership of premises (10 percent) and transportation and postal services (6 percent). Information and communications and food and accommodation account for 8 percent. Construction represents 3.5 percent of GDP and electricity, water and gas supply, waste management and manufacturing 3.4 percent. This page provides - Hong Kong GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-14 09:30 AM Q2 2.8% 2.4%(R) 2.40%
2015-11-13 08:30 AM Q3 2.3% 2.8% 1.8% 2.7%
2016-02-24 03:00 AM Q4 1.9% 2.2% 2.0% 2.5%
2016-05-13 08:30 AM Q1 1.9% 1.8%
2016-08-12 08:30 AM Q2 1.9%
2016-11-11 08:30 AM Q3 1.7%

Hong Kong GDP Annual Growth Lowest in Over 3 Years


The Hong Kong GDP advanced 1.9 percent year-on-year in the December quarter of 2015, slowing from a downwardly revised 2.2 percent expansion in the previous quarter and slightly below market consensus. It is the lowest growth since the third quarter of 2012, as an increase in household and government spending were unable to offset a decline in investment and exports.

In the fourth quarter, private expenditure grew by 3.2 percent, as compared to a 4.3 percent rise in the previous quarter. Government spending rose by 3.5 percent, up from a 2.8 percent growth in the September quarter. In contrast, gross fixed capital formation contracted 9.7 percent, after rising 6.4 percent in the previous period. Exports of goods were down by 0.3 percent, following a 3.2 percent contrastion in the previous period. Imports of goods also fell by 2.6 percent, as compared to a 4.1 percent decline in the previous three months.
On a quarterly basis, the economy expanded 0.2 percent, slowing from a downwardly revised 0.6 percent expansion in the September quarter.

For full year of 2015, the economy expanded by 2.4 percent.

For 2016, the economy is expected to grow between 1.0 percent to 2.1 percent. Meanwhile, headline inflation for the year is set to rise by 2.3 percent, lower than 3.0 percent in the preceding year, and underlying inflation is projected to be at 2.0 percent (from 3.0 percent in 2015).

Census and Statistics Department l Rida Husna | rida@tradingeconomics.com
2/24/2016 8:18:07 AM

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.90 6.30 -3.40 percent [+]
GDP Annual Growth Rate 1.90 2.30 20.70 -8.10 percent [+]
GDP 290.90 275.74 290.90 1.32 USD Billion [+]
GDP Constant Prices 596732.00 571647.00 596732.00 63081.00 HKD Million [+]
Gross National Product 614885.00 591356.00 614885.00 320660.00 HKD Million [+]
Gross Fixed Capital Formation 132315.00 119558.00 146493.00 14652.00 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 267.00 282.00 462.00 259.00 HKD Million [+]
GDP From Construction 24708.00 22905.00 25441.00 12781.00 HKD Million [+]
GDP From Manufacturing 7569.00 7725.00 11880.00 6689.00 HKD Million [+]
GDP From Public Administration 94783.00 95373.00 95373.00 66672.00 HKD Million [+]
GDP From Services 548013.00 517857.00 548013.00 262402.00 HKD Million [+]
GDP From Transport 32908.00 31937.00 32908.00 16291.00 HKD Million [+]
GDP From Utilities 8166.00 10142.00 10785.00 6193.00 HKD Million [+]




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South Sudan 15.90 Dec/14
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Myanmar 8.70 Dec/14
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Cambodia 6.90 Dec/15
China 6.70 Mar/16
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Nicaragua 6.60 Dec/15
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Benin 5.70 Dec/15
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Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
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Zambia 5.00 Dec/15
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
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Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Peru 4.70 Dec/15
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United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
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Cuba 4.00 Dec/15
Czech Republic 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Mexico 2.90 Mar/16
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Latvia 1.80 Mar/16
Singapore 1.80 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Mar/16
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Austria 1.30 Mar/16
Chile 1.30 Dec/15
France 1.30 Mar/16
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Serbia 1.20 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15