The GDP in Hong Kong shrank 0.2 percent quarter-on-quarter in Q2 2018, following a downwardly revised 2.1 percent rise in the prior quarter. It was the first quarterly contraction since the first quarter of 2016, as private consumption declined by 0.6 percent (from 3.3 percent in the first quarter of 2018). In addition, international trade contributed negatively to GDP growth, as exports of goods and services dropped in Q2 (-0.4 percent and -3.2 percent from 3.1 percent and 5.2 percent, respectively); as well as imports of goods and services, which fell 0.1 percent and 2.1 percent in Q2 (from 2.3 percent and 3.6 percent, respectively). Contrarily, government spending went up 1.6 percent, from 1.2 percent in the previous quarter. GDP Growth Rate in Hong Kong averaged 0.94 percent from 1990 until 2018, reaching an all time high of 6.10 percent in the third quarter of 2003 and a record low of -3.40 percent in the first quarter of 2009.

Hong Kong GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 03:45 AM GDP Growth Rate QoQ 0.8% 0.8% 0.4%
2018-05-11 08:30 AM GDP Growth Rate QoQ 2.2% 0.8% 0.80%
2018-08-10 08:30 AM GDP Growth Rate QoQ -0.2% 2.1% 1.20%
2018-11-16 08:30 AM GDP Growth Rate QoQ -0.2% 1.40%


Hong Kong GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 2.10 6.10 -3.40 percent [+]
GDP Annual Growth Rate 3.50 4.60 20.70 -8.10 percent [+]
GDP 341.45 320.88 341.45 1.32 USD Billion [+]
GDP Constant Prices 634683.00 651268.00 691816.00 68360.00 HKD Million [+]
Gross National Product 689136.00 672164.00 708633.00 341738.00 HKD Million [+]
Gross Fixed Capital Formation 141005.00 132520.00 157576.00 15765.00 HKD Million [+]
GDP per capita 37927.13 36816.10 37927.13 3380.60 USD [+]
GDP per capita PPP 56054.92 54412.90 56054.92 26974.30 USD [+]
GDP From Agriculture 502.00 432.00 837.00 429.00 HKD Million [+]
GDP From Construction 30703.00 33378.00 34156.00 15319.00 HKD Million [+]
GDP From Manufacturing 6859.00 6344.00 10830.00 6097.00 HKD Million [+]
GDP From Public Administration 118279.00 110468.00 118279.00 75563.00 HKD Million [+]
GDP From Services 565334.00 574889.00 624615.00 281693.00 HKD Million [+]
GDP From Transport 35756.00 38847.00 39146.00 17565.00 HKD Million [+]
GDP From Utilities 9345.00 7975.00 10855.00 6232.00 HKD Million [+]


Hong Kong GDP Growth Rate

Hong Kong has an export oriented economy and in spite of small size is the 8th largest trading entity in the world with the value of goods and services exchanged four times the size of GDP. 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. This page provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 2.10 6.10 -3.40 1990 - 2018 percent Quarterly
SA




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Germany 0.50 Jun/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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