Hong Kong s economy in the third quarter increased 3.8% year-on-year, picking up from the 3.1% growth in the preceding quarter. The Census Statistics Department announced the figures today as it released its advance estimates on gross domestic product (GDP) for the third quarter. On a seasonally adjusted quarter-to-quarter basis, real GDP rose further by 0.7%. Commenting on the figures, the Government said Hong Kong s economy staged a robust performance in the third quarter, driven by a continued surge in exports and sustained expansion in domestic demand. Total exports of goods continued to grow markedly in the third quarter, propelled by strong demand for electronic-related products and buoyant regional trade flows. Exports of services also expanded notably, mainly supported by continued growth in inbound tourism and vibrant cross-boundary financial activities amid rises in global stock markets. Domestically, private consumption expenditure grew further. Overall investment expenditure saw an accelerated increase alongside the economic expansion and stabilisation in the residential property market. Looking ahead, the Hong Kong economy should see further solid growth for the rest of 2025. Sustained moderate growth of the global economy in the near term, together with the persistent stellar demand for electronic-related products of late, should provide further support to Hong Kong s exports of goods. Continued increase in visitor arrivals and vibrant financial market activities should provide further impetus to exports of services. On the domestic front, the renewed interest rate cuts in the US since last month are conducive to boosting asset market sentiment. Coupled with a gradual recovery in consumption confidence and also a visible improvement in business sentiment from earlier this year, these developments should lend support to local consumption and investment activity. The Government s various measures to develop the economy and diversify markets will also provide support. Nevertheless, external uncertainties, especially those arising from the ongoing impacts of trade barriers on the global economy, international trade and financial conditions still warrant close monitoring, the Government added.
Friday 31 October 2025
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