The Gross Domestic Product (GDP) in Hong Kong expanded 0.40 percent in the second 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.

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 second 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.

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.

The latest data from show economic growth of 3.1 percent, which is an increase from the rate of growth of 2.5 percent in the previous quarter and
an increase compared to the growth rate of 2.8 percent in the same quarter last year. The economic growth time series for Hong Kong cover the period...

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.

Hong Kong: Economic growth forecast: The latest value from 2030 is 2.31 percent, a decline from 2.37 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Hong Kong from 1980 to 2030 is 3.86 percent. The minimum value, -6.55 percent, was reached in 2020 while the maximum of 13.4 percent was recorded in 1987.

Hong Kong HK: GDP: Growth data was reported at 3.791 % in 2017. This records an increase from the previous number of 2.163 % for 2016. Hong Kong HK: GDP: Growth data is updated yearly, averaging 6.007 % from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 16.164 % in 1976 and a record low of -5.883 % in 1998. Hong Kong HK: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Hong Kong: Economic growth: the rate of change of real GDP: The latest value from 2024 is 2.54 percent, a decline from 3.21 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Hong Kong from 1962 to 2024 is 5.48 percent. The minimum value, -6.54 percent, was reached in 2020 while the maximum of 16.16 percent was recorded in 1976.

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.

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.

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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Economic growth, quarterly in Hong Kong, March, 2025 The most recent value is 1.9 percent as of Q1 2025, an increase compared to the previous value of 0.9 percent. Historically, the average for Hong Kong from Q1 1990 to Q1 2025 is 0.78 percent. The minimum of -4.8 percent was recorded in Q1 2020, while the maximum of 6.6 percent was reached in Q1 2021. | TheGlobalEconomy.com

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

• The Gross Domestic Product (GDP) in Hong Kong SAR (China) expanded 2.8 % YoY in Mar 2023, following a negative growth of 4.1 % in the previous quarter.
• Real GDP Growth YoY data in Hong Kong SAR (China) is updated quarterly, available from Mar 1991 to Mar 2023, with an average rate of 3.5 %.
• The data reached an all-time high of 12.3 % in Jun 2004 and a record low of -9.6 % in Jun 2020.

• In the latest reports, Nominal GDP of Hong Kong SAR (China) reached 91.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• GDP Per Capita in Hong Kong SAR (China) reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 19.7 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.2 % in Mar 2023.
• Public Consumption accounted for 15.0 % in Mar 2023.
• Private Consumption accounted for 70.0 % in Mar 2023.

This statistic shows the gross domestic product (GDP) at current prices of Hong Kong from 2013 to 2023, by sector. In 2023, the industrial GDP of Hong Kong amounted to around ****** billion Hong Kong dollars.

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.

The latest data from show economic growth of 3.1 pour cent, which is an increase from the rate of growth of 2.5 pour cent in the previous quarter and
an increase compared to the growth rate of 2.8 pour cent in the same quarter last year. The economic growth time series for Chine, RAS de Hong...

Hong Kong HK: GDP: Growth: Gross Capital Formation data was reported at 5.709 % in 2017. This records an increase from the previous number of 4.830 % for 2016. Hong Kong HK: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.270 % from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 45.233 % in 1976 and a record low of -16.439 % in 1998. Hong Kong HK: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2023, the total gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area amounted to almost ************ U.S. dollars. That year, the GDP of the city of Shenzhen alone amounted to around *** billion U.S. dollars, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The Guangdong - Hong Kong - Macao Greater Bay Area is an economic zone comprised of the two special administrative regions Hong Kong and Macao and nine cities of Guangdong province in mainland China, namely Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. The concept of the Greater Bay Area has been formulated by the Chinese government to further integrate Macao and Hong Kong into the Chinese mainland and to boost the economy of the cities in the Pearl River Delta. In the ***** and *****, the Pearl River Delta had been one of the prime regions for economic development, but in recent years it has lost ground to the Yangtze River Delta in East China, the largest of the economic macro-regions in China. A development plan for the Greater Bay Area, which was initiated in 2017 and further elaborated thereafter, aims at developing the region into the world's largest and economically most successful Bay Area. GDP development in the Greater Bay Area In 2022, the GDP of the Greater Bay Area cities was still affected by the coronavirus pandemic and decreased slightly in U.S. dollar terms compared to the previous year. However, the development was uneven, with some of the cities on the mainland experiencing strong economic growth, while GDP growth in Hong Kong and Macau still suffered significantly from the pandemic. In 2023, per capita GDP in the Greater Bay Area ranged at about ****** U.S. dollars, which was one of the highest values in China. However, per capita GDP in Hong Kong and Macao is still considerably higher then in the neighboring cities on the mainland.