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.

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.

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.

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;

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 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.

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.

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.

Hong Kong HK: GDP: Real data was reported at 2,585,210.000 HKD mn in 2017. This records an increase from the previous number of 2,490,776.000 HKD mn for 2016. Hong Kong HK: GDP: Real data is updated yearly, averaging 924,652.000 HKD mn from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 2,585,210.000 HKD mn in 2017 and a record low of 98,764.000 HKD mn in 1961. Hong Kong HK: GDP: Real data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong – Table HK.World Bank: Gross Domestic Product: Real. 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. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Hong Kong: Unemployment rate forecast: The latest value from 2030 is 2.91 percent, a decline from 3.06 percent in 2029. In comparison, the world average is 6.28 percent, based on data from 100 countries. Historically, the average for Hong Kong from 1980 to 2030 is 3.67 percent. The minimum value, 1.08 percent, was reached in 1989 while the maximum of 7.93 percent was recorded in 2003.

Hong Kong: Inflation forecast: The latest value from 2030 is 2.5 percent, unchanged from 2.5 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Hong Kong from 1982 to 2030 is 3.64 percent. The minimum value, -4 percent, was reached in 1999 while the maximum of 11.62 percent was recorded in 1990.

Hong Kong: Current account balance forecast, percent of GDP: The latest value from 2030 is 9.52 percent, a decline from 9.66 percent in 2029. In comparison, the world average is -0.96 percent, based on data from 181 countries. Historically, the average for Hong Kong from 1980 to 2030 is 5.91 percent. The minimum value, -6.27 percent, was reached in 1995 while the maximum of 15.05 percent was recorded in 2008.

As of 2019, ** percent of commercial occupiers in Hong Kong were concerned about a slower global economic forecast could impact their business outlook over the next three years. Hong Kong, an essential global financial center, has been attracting companies around the world to develop their business in this city. However, with the global political and economic changes, Hong Kong's attractiveness as a business center is also being challenged.

GDP Constant Prices in Hong Kong decreased to 772864 HKD Million in the first quarter of 2025 from 804162 HKD Million in the fourth quarter of 2024. This dataset provides - Hong Kong GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Os dados de Crescimento Real do PIB of Hong Kong SAR (China) foram registrados em 2.8 % em 2023-03. Este é um registro de um aumento com relação aos números anteriores de -4.1 % em 2022-12. Os dados de Crescimento Real do PIB of Hong Kong SAR (China) são atualizados trimestral, com uma média de 3.5 % em 1991-03 até 2023-03, com 129 observações. Os dados alcançaram um alto recorde de 12.3 % em 2004-06 e um baixo recorde de -9.6 % em 2020-06. Os dados de Crescimento Real do PIB of Hong Kong SAR (China) permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Real GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

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.

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.

Hong Kong: Investment forecast: The latest value from 2030 is 19.52 percent, an increase from 19.4 percent in 2029. In comparison, the world average is 24.06 percent, based on data from 164 countries. Historically, the average for Hong Kong from 1980 to 2030 is 23.93 percent. The minimum value, 15.23 percent, was reached in 2022 while the maximum of 34.94 percent was recorded in 1981.

GDP from Services in Hong Kong decreased to 690509 HKD Million in the first quarter of 2025 from 744009 HKD Million in the fourth quarter of 2024. This dataset provides - Hong Kong Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.