Hong Kong’s economy expanded by 3.1% year-on-year in Q2 2025, in line with preliminary estimates and accelerating from 3.0% growth in the previous quarter. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Private consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.8% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.6% (vs. 7.2%), and imports of services rose 7.2% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1. source: Census and Statistics Department, Hong Kong

The Gross Domestic Product (GDP) in Hong Kong expanded 3.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong averaged 4.60 percent from 1974 until 2025, reaching an all time high of 20.50 percent in the fourth quarter of 1976 and a record low of -9.40 percent in the first quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Hong Kong expanded 3.10 percent in the second quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong GDP Annual Growth Rate is projected to trend around 2.80 percent in 2026 and 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-31 08:30 AM
YoY Adv
Q2 3.1% 3.0% 2.8% 1.7%
2025-08-15 08:30 AM
YoY Final
Q2 3.1% 3.0% 3.1% 3.1%
2025-10-31 08:30 AM
YoY Adv
Q3 3.1% 2.8%


Related Last Previous Unit Reference
Full Year GDP Growth 2.50 3.20 percent Dec 2024
GDP Growth Rate YoY 3.10 3.00 percent Jun 2025
GDP Constant Prices 757806.00 772221.00 HKD Million Jun 2025
GDP from Agriculture 259.00 244.00 HKD Million Mar 2025
GDP from Construction 33301.00 30317.00 HKD Million Mar 2025
GDP from Manufacturing 6596.00 7190.00 HKD Million Mar 2025
GDP from Public Administration 149572.00 162690.00 HKD Million Mar 2025
GDP from Services 690509.00 744009.00 HKD Million Mar 2025
GDP from Transport 52639.00 52552.00 HKD Million Mar 2025
GDP from Utilities 7108.00 7613.00 HKD Million Mar 2025
GDP Growth Rate 0.40 1.80 percent Jun 2025
Gross Fixed Capital Formation 130924.00 118803.00 HKD Million Jun 2025
Gross National Product 879387.00 898535.00 HKD Million Mar 2025

Hong Kong GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.00 20.50 -9.40 1974 - 2025 percent Quarterly
NSA, 2023

News Stream
Hong Kong GDP Growth Confirmed at 3.1% in Q2
Hong Kong’s economy expanded by 3.1% year-on-year in Q2 2025, in line with preliminary estimates and accelerating from 3.0% growth in the previous quarter. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Private consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.8% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.6% (vs. 7.2%), and imports of services rose 7.2% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1.
2025-08-15
Hong Kong Q2 GDP Growth Rises 3.1% Surpasses Expectations
Hong Kong’s economy expanded 3.1% year-on-year in Q2 2025, rising from a downwardly revised 3.0% in Q1 and surpassing market expectations of 2.8%, according to preliminary estimates. This marked the strongest growth since Q4 2023, mainly supported by robust exports and improved domestic demand. Household consumption rebounded 1.9% (vs. -1.2% in Q1 2025), government spending rose 2.5% (vs. 0.9%), while gross fixed capital formation grew further by 2.9% (vs. 1.1%). On the external front, exports of goods surged 11.5% (vs. 8.4%), driven by resilient external demand and temporary easing of US tariffs that prompted some “rush shipments.” Exports of services expanded 7.5% (vs. 6.3%), supported by strong inbound tourism and further growth in cross-boundary traffic. Meanwhile, imports of goods increased 12.7% (vs. 7.2%), and imports of services rose 7.0% (vs. 4.7%). On a seasonally adjusted quarterly basis, the economy advanced 0.4%, easing from a revised 1.8% gain in Q1.
2025-07-31
Hong Kong GDP Growth Confirmed at 3.1% in Q1
Hong Kong’s economy expanded by 3.1% year-on-year in Q1 2025, in line with preliminary estimates and accelerating from an upwardly revised 2.5% growth in Q4 2024. The pickup was largely driven by strong external demand, particularly in the exports of goods and services, as businesses front-loaded shipments in anticipation of imminent US tariff hikes. External trade showed notable strength, with goods exports surging by 8.4% (up from 1.3% in Q4) and imports rising by 7.1% (vs 0.4% previously). Gross domestic fixed capital formation also returned to positive territory, growing by 2.8% after contracting by 0.7% in the prior quarter. However, private consumption continued to decline, falling by 1.1% (vs -0.2%), reflecting subdued domestic sentiment. Government spending also softened, rising by 1.2% compared to 2.1% in Q4. On a seasonally adjusted quarterly basis, GDP grew by 1.9%, the fastest pace in two years and an acceleration from the previous quarter’s upwardly revised 0.9% gain.
2025-05-16