Hong Kong SAR, China Real GDP Growth

1991 - 2025 | Quarterly | % | CEIC Data

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

  • The Gross Domestic Product (GDP) in Hong Kong SAR (China) expanded 3.9 % YoY in Sep 2025, following a growth of 3.1 % in the previous quarter.
  • Real GDP Growth YoY data in Hong Kong SAR (China) is updated quarterly, available from Mar 1991 to Sep 2025, with an average rate of -18.6 %.
  • The data reached an all-time high of 22.9 % in Dec 2011 and a record low of -58.3 % in Dec 2016.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Census and Statistics Department provides Real GDP in local currency, at chain linked 2023 prices.


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

  • In the latest reports, Nominal GDP of Hong Kong SAR (China) reached 109.2 USD bn in Sep 2025.
  • Its GDP deflator (implicit price deflator) increased 1.0 % in Sep 2025.
  • GDP Per Capita in Hong Kong SAR (China) reached 54,081.5 USD in Dec 2024.
  • Its Gross Savings Rate was measured at 26.3 % in Jun 2025.
  • For Nominal GDP contributions, Investment accounted for 18.7 % in Sep 2025.
  • Public Consumption accounted for 12.1 % in Sep 2025.
  • Private Consumption accounted for 63.4 % in Sep 2025.

View Hong Kong SAR, China's Real GDP Growth from Mar 1991 to Sep 2025 in the chart:

Hong Kong SAR, China Real GDP Growth

What was Hong Kong SAR, China's Real GDP Growth in Sep 2025?

The Gross Domestic Product (GDP) in Hong Kong SAR (China) expanded 3.9 % YoY in Sep 2025, following a growth of 3.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.9 Sep 2025 3.1 Jun 2025 -58.3 Dec 2016 22.9 Dec 2011 % quarterly Mar 1991 - Sep 2025

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 3.7 Jun 2025 quarterly Mar 1997 - Jun 2025
Algeria (%) 3.9 Jun 2025 quarterly Mar 2000 - Jun 2025
Argentina (%) 6.7 Jun 2025 quarterly Mar 2005 - Jun 2025
Armenia (%) 6.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Australia (%) 1.8 Jun 2025 quarterly Sep 1960 - Jun 2025
Austria (%) 0.6 Sep 2025 quarterly Mar 1989 - Sep 2025
Azerbaijan (%) 1.8 Dec 2025 quarterly Mar 2001 - Dec 2025
Bahrain (%) 4.0 Sep 2025 quarterly Mar 2009 - Sep 2025
Bangladesh (%) 4.0 2025 yearly 2007 - 2025
Belarus (%) 1.0 Jun 2025 quarterly Mar 2006 - Jun 2025
Belgium (%) 1.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Bolivia (%) -2.6 Dec 2024 quarterly Mar 1991 - Dec 2024
Bosnia and Herzegovina (%) 1.8 Jun 2025 quarterly Mar 2009 - Jun 2025
Botswana (%) -5.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Brazil (%) 2.6 Jun 2025 quarterly Mar 1997 - Jun 2025
Brunei (%) -0.3 Jun 2025 quarterly Mar 2005 - Jun 2025
Bulgaria (%) 3.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Cambodia (%) 5.1 2022 yearly 1994 - 2022
Canada (%) 1.4 Sep 2025 quarterly Mar 1962 - Sep 2025
Chile (%) 1.9 Sep 2025 quarterly Mar 1987 - Sep 2025
China (%) 4.8 Sep 2025 quarterly Mar 1992 - Sep 2025
Colombia (%) 3.4 Sep 2025 quarterly Mar 2001 - Sep 2025
Croatia (%) 2.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Cyprus (%) 3.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Czech Republic (%) 2.8 Sep 2025 quarterly Mar 1997 - Sep 2025
Denmark (%) 3.9 Sep 2025 quarterly Mar 1992 - Sep 2025
Ecuador (%) 4.1 Jun 2025 quarterly Mar 1994 - Jun 2025
Egypt (%) 5.3 Sep 2025 quarterly Sep 2002 - Sep 2025
Estonia (%) 0.9 Sep 2025 quarterly Mar 1996 - Sep 2025
European Union (%) 1.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Finland (%) -0.7 Sep 2025 quarterly Mar 1976 - Sep 2025
France (%) 0.9 Sep 2025 quarterly Mar 1950 - Sep 2025
Georgia (%) 7.4 Jun 2025 quarterly Mar 1998 - Jun 2025
Germany (%) 0.3 Sep 2025 quarterly Mar 1992 - Sep 2025
Ghana (%) 1.5 Dec 2025 quarterly Jun 2006 - Dec 2025
Greece (%) 1.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Hong Kong SAR, China (%) 3.9 Sep 2025 quarterly Mar 1991 - Sep 2025
Hungary (%) 0.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Iceland (%) 0.2 Sep 2025 quarterly Mar 1996 - Sep 2025
India (%) 8.2 Sep 2025 quarterly Jun 2005 - Sep 2025
Indonesia (%) 5.0 Sep 2025 quarterly Mar 1994 - Sep 2025
Iran (%) -0.4 Jun 2025 quarterly Jun 1989 - Jun 2025
Ireland (%) 12.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Israel (%) 3.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Italy (%) 0.4 Sep 2025 quarterly Mar 1982 - Sep 2025
Ivory Coast (%) 6.0 2024 yearly 1966 - 2024
Japan (%) 1.1 Sep 2025 quarterly Mar 1956 - Sep 2025
Jordan (%) 2.8 Jun 2025 quarterly Mar 1993 - Jun 2025
Kazakhstan (%) 7.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Kenya (%) 5.1 Jun 2025 quarterly Mar 2010 - Jun 2025
South Korea (%) 1.7 Sep 2025 quarterly Mar 1961 - Sep 2025
Kosovo (%) 3.9 Dec 2025 quarterly Mar 2011 - Dec 2025
Kuwait (%) 5.1 Dec 2025 quarterly Jun 2010 - Dec 2025
Kyrgyzstan (%) 10.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Laos (%) 4.3 2024 yearly 2003 - 2024
Latvia (%) 1.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Lebanon (%) -5.2 2024 yearly 2012 - 2024
Lithuania (%) 2.1 Sep 2025 quarterly Jun 1995 - Sep 2025
Luxembourg (%) -0.2 Jun 2025 quarterly Mar 1996 - Jun 2025
Macau SAR, China (%) 8.0 Sep 2025 quarterly Mar 2002 - Sep 2025
North Macedonia (%) 3.4 Jun 2025 quarterly Mar 2001 - Jun 2025
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 5.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 4.2 Mar 2025 quarterly Mar 2001 - Mar 2025
Mexico (%) -0.2 Sep 2025 quarterly Mar 1981 - Sep 2025
Moldova (%) 1.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Mongolia (%) 6.5 Sep 2025 quarterly Mar 2011 - Sep 2025
Montenegro (%) 2.6 Mar 2026 quarterly Mar 2007 - Mar 2026
Morocco (%) 5.5 Jun 2025 quarterly Mar 2008 - Jun 2025
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 2.0 Dec 2025 quarterly Dec 2004 - Dec 2025
Netherlands (%) 1.4 Sep 2025 quarterly Mar 1997 - Sep 2025
New Zealand (%) 0.0 Jun 2025 quarterly Jun 1983 - Jun 2025
Nigeria (%) 4.2 Jun 2025 quarterly Mar 2011 - Jun 2025
Norway (%) 2.2 Sep 2025 quarterly Mar 1979 - Sep 2025
Oman (%) 1.6 2024 yearly 1999 - 2024
Pakistan (%) 3.7 2025 yearly 2001 - 2025
Palestinian Territory (%) 3.7 Dec 2025 quarterly Jun 2000 - Dec 2025
Panama (%) 3.4 Jun 2025 quarterly Mar 2008 - Jun 2025
Paraguay (%) 5.9 Jun 2025 quarterly Mar 1995 - Jun 2025
Peru (%) 3.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Philippines (%) 4.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Poland (%) 3.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 2.0 Dec 2025 quarterly Mar 2012 - Dec 2025
Romania (%) 1.4 Sep 2025 quarterly Mar 1996 - Sep 2025
Russia (%) 1.3 Jun 2025 quarterly Mar 1996 - Jun 2025
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 2.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Singapore (%) 4.2 Sep 2025 quarterly Mar 1976 - Sep 2025
Slovakia (%) 0.9 Sep 2025 quarterly Mar 1994 - Sep 2025
Slovenia (%) 3.1 Mar 2026 quarterly Mar 1996 - Mar 2026
South Africa (%) 1.1 Jun 2025 quarterly Mar 1961 - Jun 2025
Spain (%) 2.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Sri Lanka (%) 4.9 Jun 2025 quarterly Mar 2011 - Jun 2025
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) 2.5 Sep 2025 quarterly Mar 1982 - Sep 2025
Switzerland (%) 0.5 Sep 2025 quarterly Mar 1966 - Sep 2025

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Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.3 Mar 2026 quarterly Mar 1997 - Mar 2026
Consolidated Fiscal Balance (USD mn) -6,559.335 Mar 2026 monthly Oct 1998 - Mar 2026
Tax Revenue (USD mn) 28,775.452 Dec 2025 quarterly Sep 1979 - Dec 2025
Tax Revenue: % of GDP (%) 25.4 Dec 2025 quarterly Sep 1979 - Dec 2025
National Government Debt (USD mn) 190,786.0 2025 yearly 2003 - 2025
Government Debt: % of GDP (%) 46.1 2025 yearly 2003 - 2025
Forecast: Government Expenditure (HKD bn) 948.778 2032 yearly 1982 - 2032
Forecast: Government Net Debt (HKD bn) 885.007 2032 yearly 2005 - 2032
Forecast: Government Revenue (HKD bn) 915.226 2032 yearly 1982 - 2032
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.665 2031 yearly 1980 - 2031
Trade Balance (USD mn) -3,763.8 Apr 2026 monthly Jan 1957 - Apr 2026
Total Exports (USD mn) 79,261.2 Apr 2026 monthly Jan 1957 - Apr 2026
Total Exports Growth (%) 42.9 Apr 2026 monthly Jan 1953 - Apr 2026
Aluminum: Exports (USD th) 177,416.639 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,714,519.261 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 346,742.409 2024 yearly 1995 - 2024
Total Imports (USD mn) 83,025.0 Apr 2026 monthly Jan 1957 - Apr 2026
Total Imports Growth (%) 44.4 Apr 2026 monthly Jan 1953 - Apr 2026
Imports: Medicament (USD th) 2,887,691.952 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 917,283.629 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,906.390 Apr 2026 monthly Apr 1964 - Apr 2026
Total Imports from USA (USD mn) 2,726.046 Apr 2026 monthly Apr 1964 - Apr 2026
Total Exports to China (USD mn) 49,358.819 Apr 2026 monthly Apr 1964 - Apr 2026
Total Imports from China (USD mn) 37,788.172 Apr 2026 monthly Apr 1964 - Apr 2026
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 11,913.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance (USD mn) 12,214.7 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance: % of GDP (%) 10.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Direct Investment (USD mn) 26,742.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Direct Investment: % of GDP (%) 23.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment (USD mn) 8,113.077 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 7.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 676.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 7,436.259 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt (USD mn) 2,062,658.4 Dec 2025 quarterly Mar 2001 - Dec 2025
External Debt: % of GDP (%) 481.9 2025 yearly 2001 - 2025
External Debt: Short Term (USD mn) 1,237,819.8 Dec 2025 quarterly Mar 2001 - Dec 2025
External Debt: Short Term: % of GDP (%) 289.2 2025 yearly 2001 - 2025
Forecast: Current Account Balance (USD bn) 64.227 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 2,506,615.960 Dec 2025 quarterly Mar 2010 - Dec 2025
BoP: FA: Portfolio Investment (PI) (HKD mn) 83,884.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Net Errors and Omissions (HKD mn) 39,021.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Goods (HKD mn) -32,458.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Goods: Debit (HKD mn) 1,635,055.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account (CA) (HKD mn) 93,872.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: DI: Assets (AS) (HKD mn) 92,661.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: PInc: Debit (HKD mn) 430,237.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account: Credit (HKD mn) 2,366,632.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Secondary Income (SInc) (HKD mn) -4,791.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Other investment (OI) (HKD mn) 115,527.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account (HKD mn) -268.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services: Debit (HKD mn) 195,587.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CFA: Reserve Assets (HKD mn) 46,475.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Financial Derivatives (FD) (HKD mn) 2,073.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Overall Balance (HKD mn) 46,475.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: FD: Liabilities (HKD mn) -130,665.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: PInc: Credit (HKD mn) 523,493.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account: Debit (HKD mn) 2,272,760.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: OI: Assets (HKD mn) 437,300.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: DI: Liabilities (LB) (HKD mn) 207,995.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: SInc: Debit (HKD mn) 11,881.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: FD: Assets (HKD mn) -128,592.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account: Credit (HKD mn) 3.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Direct Investment (DI) (HKD mn) -115,334.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: OI: Liabilities (HKD mn) 321,773.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: PI: Liabilities (LB) (HKD mn) 63,100.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services (HKD mn) 37,865.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Goods: Credit (HKD mn) 1,602,597.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account: Debit (HKD mn) 271.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Primary Income (PInc) (HKD mn) 93,256.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: SInc: Credit (HKD mn) 7,090.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services: Credit (HKD mn) 233,452.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: PI: Assets (AS) (HKD mn) 146,985.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Financial Account (FA) (HKD mn) 132,625.000 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt (ED): Total (HKD mn) 16,054,289.000 Dec 2025 quarterly Mar 2002 - Dec 2025
International Investment Position (IIP): Assets (HKD mn) 60,122,806.000 Dec 2025 quarterly Mar 2010 - Dec 2025
IIP: Net (HKD mn) 19,509,744.000 Dec 2025 quarterly Mar 2010 - Dec 2025
IIP: Liabilities (HKD mn) 40,613,062.000 Dec 2025 quarterly Mar 2010 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.1 Mar 2026 quarterly Mar 1997 - Mar 2026
Household Debt: % of GDP (%) 87.6 Dec 2025 quarterly Mar 1982 - Dec 2025
Money Supply M1 (USD mn) 237,220.283 Mar 2026 monthly Jan 1985 - Mar 2026
Money Supply M2 (USD mn) 2,655,578.187 Mar 2026 monthly Dec 1980 - Mar 2026
M2 Growth (%) 10.0 Apr 2026 monthly Dec 1981 - Apr 2026
Foreign Exchange Reserves (USD mn) 430,477.0 Mar 2026 monthly Apr 2000 - Mar 2026
Foreign Exchange Reserves: % of GDP (%) 99.609 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 312.000 Mar 2026 monthly Dec 1990 - Mar 2026
Total Deposits (USD mn) 2,502,211.258 Mar 2026 monthly Jan 1991 - Mar 2026
Total Deposits Growth (%) 9.1 Mar 2026 monthly Jan 1992 - Mar 2026
Domestic Credit (USD mn) 1,074,992.6 Jan 2026 monthly Dec 1990 - Jan 2026
Domestic Credit Growth (%) 7.2 Jan 2026 monthly Dec 1991 - Jan 2026
Debt Service Ratio: Private Non-Financial Sector (%) 34.000 Sep 2025 quarterly Mar 1999 - Sep 2025
Credit to Households (USD bn) 370.111 Sep 2025 quarterly Dec 1990 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 1,403.261 Sep 2025 quarterly Dec 1978 - Sep 2025
Household Debt (USD mn) 381,945.7 Mar 2026 quarterly Mar 1982 - Mar 2026
Total Loans (USD mn) 1,340,013.021 Apr 2026 monthly Dec 1978 - Apr 2026
Total Loans Growth (%) 4.70 Mar 2026 monthly Dec 1979 - Mar 2026
Private Debt: % of Nominal GDP (%) 188.87 Mar 2026 quarterly Dec 1973 - Mar 2026
Deposits: Renminbi: Total Outstandings (RMB mn) 554,316.75 Mar 2018 monthly Feb 2004 - Mar 2018
HK: Loans & Advances: Total (HKD mn) 9,652,390.44 Mar 2018 monthly Dec 1978 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Jun 2026 quarterly Mar 2009 - Jun 2026
BTS: Expected Changes: BS: sa: Retail (%) -3.000 Jun 2026 quarterly Mar 2008 - Jun 2026
BTS: Expected Changes: Business Situation (BS): sa (%) -5.000 Jun 2026 quarterly Mar 2008 - Jun 2026

More Indicators for Hong Kong SAR, China

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