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

The Hong Kong GDP advanced 2.8 percent year-on-year in the second quarter of 2015, compared to a revised 2.4 percent expansion in the previous period. The growth was boosted by domestic demand and investment while external sector remained weak. GDP Annual Growth Rate in Hong Kong averaged 5.38 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
2.30 2.80 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-15 09:30 AM Q1 2.1% 2.4%(R) 2.0% 2.16%
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 08:30 AM Q4 2.56%
2016-05-13 08:30 AM Q1 2.93%
2016-08-12 08:30 AM Q2 2.93%

Hong Kong Economy Slows in Q3


The Hong Kong GDP advanced 2.3 percent year-on-year in the third quarter of 2015, slowing from a 2.8 percent expansion in the previous period. It is the lowest performance since the second quarter of 2014, as household spending slowed while investment and exports shrank.

Private expenditure grew 4.3 percent thanks to broadly favourable job and income conditions, but slowing from a 6.1 percent rise in the previous quarter. Government spending rose at a slower 2.6 percent (3.3 percent in the second quarter). 

In contrast, gross fixed capital formation contracted 6.5 percent, after rising 5.2 percent in the previous period amid a rather austere external environment. Weak external demand dragged exports of goods down (-3.2 percent compared to -3.6 percent in the previous period) while imports fell 4.1 percent (-3.2 percent in the previous period).

On a quarterly basis, the economy expanded 0.9 percent, the highest growth rate in a year. 

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
11/13/2015 10:50:21 AM

Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.40 6.30 -3.40 percent [+]
GDP Annual Growth Rate 2.30 2.80 20.70 -8.10 percent [+]
GDP 290.90 275.74 290.90 1.32 USD Billion [+]
GDP Constant Prices 571655.00 533241.00 584672.00 59854.00 HKD Million [+]
Gross National Product 592470.00 563130.00 606184.00 303627.00 HKD Million [+]
Gross Fixed Capital Formation 120545.00 133281.00 146056.00 14174.00 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 289.00 315.00 462.00 259.00 HKD Million [+]
GDP From Construction 21805.00 23162.00 24438.00 12781.00 HKD Million [+]
GDP From Manufacturing 7734.00 7397.00 11880.00 6689.00 HKD Million [+]
GDP From Public Administration 95257.00 95163.00 95257.00 66683.00 HKD Million [+]
GDP From Services 518049.00 478600.00 538273.00 262395.00 HKD Million [+]
GDP From Transport 32739.00 29581.00 32739.00 16291.00 HKD Million [+]
GDP From Utilities 10343.00 9444.00 10784.00 6193.00 HKD Million [+]




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Portugal 1.20 Dec/15
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Italy 1.00 Dec/15
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Bahamas 0.93 Dec/14
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