Hong Kong GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Hong Kong contracted 1.40 percent in the second quarter of 2022 over the same quarter of the previous year. GDP Annual Growth Rate in Hong Kong averaged 4.78 percent from 1974 until 2022, reaching an all time high of 20.50 percent in the fourth quarter of 1976 and a record low of -9.40 percent in the second quarter of 2020. 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. Within services, the most important are wholesale and retail trade (25 percent of GDP); public administration and social services (17 percent); finance and insurance (16 percent); real estate and business services (11 percent); ownership of premises (10 percent) and transportation and postal services (6 percent). Information and communications and food and accommodation account for 8 percent. Construction represents 3.5 percent of GDP and electricity, water and gas supply, waste management and manufacturing 3.4 percent. This page provides – Hong Kong GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.

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