Hong Kong GDP Growth Confirmed Near Two-Year High

Hong Kong’s economy grew by 3.8% year-on-year in the third quarter of 2025, matching preliminary estimates and accelerating from a 3.1% expansion in the previous quarter. This marked the strongest growth since the fourth quarter of 2023, driven by robust export performance and steady domestic demand. Goods exports rose 12.1%, supported by strong demand for electronics and easing US-China trade tensions, while service exports rose 6.1%, boosted by rising inbound tourism and strong activity in financial markets. Meanwhile, imports increased at a slower pace, 11.7% for goods and 2.6% for services. On the domestic front, private consumption grew 2.1% (vs 1.9%), government spending rose 1.9% (vs 2.5%), while overall investment climbed 4.3% (vs 1.9%), reflecting a gradual recovery in consumer confidence and steady improvement in business sentiment. On a seasonally adjusted quarterly basis, the GDP advanced by 0.7%, following a 0.4% growth in the preceding period.