In 2024, the gross domestic product (GDP) of Hong Kong amounted to around 407 billion U.S. dollars at current prices, equivalent to around 3.18 trillion Hong Kong dollars. The city’s GDP grew by 2.5 percent that year. Hong Kong’s GDP in comparison The GDP measures the total value of all goods and services produced in an economy over a certain period. Together with unemployment and inflation, it is one of the most observed economic indicators. While GDP figures in the local currency are sometimes more useful for analyzing internal economic developments, values in international currencies are important for regional comparison.Among economies in Asia-Pacific, Hong Kong’s nominal GDP is comparatively small. However, as an advanced economy and a global financial hub, the city’s per capita GDP is one of the highest in the region, only second to Singapore and Australia. Hong Kong’s economic development As an important international hub for finance and trade, Hong Kong’s economy is dominated by the service sector. Financial services contributed more than 20 percent to the city’s GDP and displayed one of the highest sectoral growth rates over the last decade. Hong Kong’s economic growth suffered severely during the COVID-19 pandemic but returned to sustained growth in 2023.

The Gross Domestic Product (GDP) in Hong Kong expanded 1.90 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Hong Kong was worth 407.11 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Hong Kong represents 0.38 percent of the world economy. This dataset provides the latest reported value for - Hong Kong GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the first quarter of 2025, the real gross domestic product (GDP) of Hong Kong increased by 3.1 percent compared to the same quarter of the previous year. Annual GDP growth reached 2.5 percent in Hong Kong in 2024.

In 2024, the gross domestic product (GDP) of Hong Kong increased by around *** percent in real terms compared to the previous year. GDP growth is estimated to reach around *** percent in 2025. The quarterly GDP growth rate in Hong Kong stood at *** percent in the fourth quarter of 2024. Drivers of growth in Hong Kong Hong Kong’s economy is dominated by the service sector, which contributes more than ** percent to the city’s GDP. This is related to Hong Kong’s status as a global financial hub and a service center for trade and investment flows from and into mainland China. Financial services, trading and logistics, professional services, and tourism are key industries in the city, with financial services alone contributing more than ** percent to the GDP. Over the last decade, financial services displayed the highest sectoral growth rates, while trading and logistics, as well as professional services, provided a significant number of jobs in the city. Current economic development The COVID-19 pandemic and consequent travel restrictions had a bad effect on Hong Kong’s economy. However, economic development stumbled already earlier with GDP growth turning negative in 2019. In real terms, the GDP is expected to finally exceed its 2018 level in 2025. GDP growth in the upcoming years is forecasted to remain slightly below ***** percent on average.

The Gross Domestic Product (GDP) in Hong Kong expanded 3.10 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Hong Kong GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Hong Kong was last recorded at 44724.54 US dollars in 2024. The GDP per Capita in Hong Kong is equivalent to 354 percent of the world's average. This dataset provides - Hong Kong GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in Hong Kong was estimated at about ************** U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

In 2024, the value added of the service sector in Hong Kong increased by around *** percent in real terms compared to the previous year. The service sector contributes more than ** percent to the GDP of Hong Kong. The city's total GDP increased by *** percent in real terms that year.

Key information about Hong Kong SAR (China) Nominal GDP Growth

• Hong Kong SAR (China) Nominal GDP Growth was reported at 5.347 % in Dec 2024.
• This records a decrease from the previous number of 6.614 % for Sep 2024.
• Hong Kong SAR (China) Nominal GDP Growth data is updated quarterly, averaging 7.415 % from Mar 1974 to Dec 2024, with 204 observations.
• The data reached an all-time high of 36.823 % in Dec 1979 and a record low of -8.902 % in Jun 2020.
• Hong Kong SAR (China) Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Census and Statistics Department provides Nominal GDP in local currency.

Full Year GDP Growth in Hong Kong decreased to 2.50 percent in 2024 from 3.20 percent in 2023. This dataset includes a chart with historical data for Hong Kong Full Year Gdp Growth.

The Gross Domestic Product per capita in Hong Kong was last recorded at 66171.36 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Hong Kong, when adjusted by Purchasing Power Parity is equivalent to 372 percent of the world's average. This dataset provides - Hong Kong GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China) Private Consumption: % of GDP

• Hong Kong SAR (China) Private Consumption accounted for 66.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.2 % in the previous quarter.
• Hong Kong SAR (China) Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1973 to Dec 2024, with an average share of 61.5 %.
• The data reached an all-time high of 75.3 % in Jun 2023 and a record low of 53.0 % in Sep 1989.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Census and Statistics Department provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Private Consumption: % of GDP

• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8 % YoY in Mar 2023.
• Its Nominal GDP reached 91.4 USD bn in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.2 % in Sep 2024.

Graph and download economic data for Constant GDP per capita for Hong Kong SAR, China (NYGDPPCAPKDHKG) from 1961 to 2024 about Hong Kong, per capita, real, and GDP.

GDP from Manufacturing in Hong Kong decreased to 6596 HKD Million in the first quarter of 2025 from 7190 HKD Million in the fourth quarter of 2024. This dataset provides - Hong Kong Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China) Market Capitalization: % of GDP

• Hong Kong SAR (China) Market Capitalization accounted for 1,110.0 % of its Nominal GDP in Dec 2024, compared with a percentage of 1,038.5 % in the previous year
• Hong Kong SAR (China) Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1985 to Dec 2024
• The data reached an all-time high of 1,771.1 % in Dec 2020 and a record low of 96.9 % in Dec 1985

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Hong Kong Exchange provides Market Capitalization in local currency. Census and Statistic Department provides Nominal GDP in local currency.


Further information about Hong Kong SAR (China) Market Capitalization: % of GDP

• In the latest reports, Hang Seng recorded a daily P/E ratio of 13.3 in Feb 2025
• Hang Seng closed at 20,225.1 points in Jan 2025

In 2023, financing and insurance contributed around **** percent to the gross domestic product (GDP) of Hong Kong, constituting the largest industry in the city. The total GDP of Hong Kong amounted to around *** billion U.S. dollars that year. Sectoral view on Hong Kong’s economy Hong Kong is an important financial hub in Asia and a bridgehead for trade with mainland China. The city has a strong service sector that contributes more than ** percent of its GDP. Trading and logistics, as well as financial and professional services are key industries in the city. Over the last decade, the importance of the financial sector has increased gradually, making Hong Kong to one of the leading financial centers in the world. At the same time, trading and logistics has slowly lost ground, although it is, together with professional services, important for employment in the city. Economic perspectives In recent times, Hong Kong has encountered growing competition from Chinese mainland cities. At the same time, its integration into the Guangdong-Hong Kong-Macao Greater Bay Area offers new opportunities for economic growth. While the trade sector is under pressure by competition from mainland ports, Hong Kong’s highly developed financial, insurance, and business services will most probably grow further in the future.

Key information about Hong Kong SAR (China) Investment: % of GDP

• Hong Kong SAR (China) Investment accounted for 16.4 % of its Nominal GDP in Dec 2024, compared with a ratio of 18.8 % in the previous quarter.
• Hong Kong SAR (China) investment share of Nominal GDP data is updated quarterly, available from Mar 1973 to Dec 2024, with an average ratio of 24.3 %.
• The data reached an all-time high of 40.0 % in Jun 1995 and a record low of 12.9 % in Dec 2022.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Census and Statistics Department provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Investment: % of GDP

• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8 % YoY in Mar 2023.
• Hong Kong SAR (China) Nominal GDP reached 91.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.2 % in Sep 2024.

Hong Kong: Government debt as percent of GDP: The latest value from 2024 is 9.01 percent, an increase from 6.33 percent in 2023. In comparison, the world average is 55.78 percent, based on data from 7 countries. Historically, the average for Hong Kong from 2001 to 2024 is 1.39 percent. The minimum value, 0 percent, was reached in 2001 while the maximum of 9.01 percent was recorded in 2024.

GDP, billion currency units in Hong Kong, March, 2025 The most recent value is 799.71 billion Hong Kong Dollar as of Q1 2025, a decline compared to the previous value of 836.48 billion Hong Kong Dollar. Historically, the average for Hong Kong from Q1 1990 to Q1 2025 is 444.54 billion Hong Kong Dollar. The minimum of 122.48 billion Hong Kong Dollar was recorded in Q1 1990, while the maximum of 836.48 billion Hong Kong Dollar was reached in Q4 2024. | TheGlobalEconomy.com