GDP growth (annual) · Hong Kong
Hong Kong GDP Growth Rate YoY Adv
The Hong Kong GDP Growth Rate YoY Adv measures how much the economy of Hong Kong grew compared with the same period a year earlier.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- HKD · Hong Kong dollar
- Central bank
- The Hong Kong Monetary Authority
Latest figures
The latest release for Q2, published on 31 July 2026, came in at 4.3%, below the consensus of 4.8%, down from 5.9% the time before.
A weaker figure than expected points to slowing activity: the Hong Kong dollar tends to soften and markets price in lower rates.
Over the last 7 releases it ranged from 2.4% to 5.9%, averaging 3.8%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 31 Jul 2026 | Q2 | 4.3% | 4.8% | 5.9% |
| 5 May 2026 | Q1 | 5.9% | 3.5% | 4% ® |
| 30 Jan 2026 | Q4 | 3.8% | – | 3.7% ® |
| 31 Oct 2025 | Q3 | 3.8% | – | 3.1% |
| 31 Jul 2025 | Q2 | 3.1% | 2.8% | 3.0% ® |
| 2 May 2025 | Q1 | 3.1% | – | 2.5% ® |
| 3 Feb 2025 | Q4 | 2.4% | 2.3% | 1.9% ® |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the Hong Kong Monetary Authority's view of how much spare capacity the economy has.
How it is calculated
the Census and Statistics Department compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Hong Kong dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Hong Kong dollar tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
The Hong Kong dollar is pegged to the US dollar, so the base rate follows the Fed.
Questions
What is the Hong Kong GDP Growth Rate YoY Adv?
The Hong Kong GDP Growth Rate YoY Adv measures how much the economy of Hong Kong grew compared with the same period a year earlier.
What was the latest Hong Kong GDP Growth Rate YoY Adv?
4.3% for Q2, published on 31 July 2026 (consensus 4.8%, previous 5.9%).
When is the next Hong Kong GDP Growth Rate YoY Adv?
On Tuesday 3 November 2026 at 08:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.