In the second quarter of 2026, Hong Kong's GDP grew by 4.3% year-on-year in real terms.

On July 31, the Hong Kong Government's Census and Statistics Department released the preliminary estimate of local Gross Domestic Product (GDP) for the second quarter of 2026. According to the preliminary estimate, Hong Kong's local GDP in the second quarter of 2026 rose by 4.3% in real terms compared to the same period last year, while the growth rate for the first quarter was 5.9%. Analyzing the various major components of local GDP, private consumption expenditure in the second quarter of 2026 increased by 2.9% in real terms compared to the same period last year, while the growth rate for the first quarter was 4.9%. Government consumption expenditure calculated according to national economic accounting definitions recorded a real increase of 0.5% in the second quarter of 2026 compared to the same period last year, while the growth rate for the first quarter was 2.8%. Total local fixed capital formation continued to rise by 4.6% in the second quarter compared to the same period last year, following a substantial increase of 18.3% in the first quarter of 2026. Export of goods, calculated according to national economic accounting definitions, recorded a real increase of 28.8% in the second quarter of 2026 compared to the same period last year, further accelerating from the first quarter's increase of 23.8%. During the same period, the import of goods, calculated according to national economic accounting definitions, increased in real terms by 29.3%, while the growth rate for the first quarter was 29.9%. Service output increased by 3.4% in real terms in the second quarter compared to the same period last year, following a real increase of 3.3% in the first quarter of 2026. Service input increased by 2.8% in real terms in the second quarter of 2026, while the growth rate for the first quarter was 3.8%. When seasonally adjusted and compared quarter-on-quarter, the local GDP in the second quarter of 2026 decreased by 0.6% compared to the first quarter. A government spokesperson stated that supported by robust external trade and resilient domestic demand, Hong Kong's economy continued to expand strongly in the second quarter of 2026. According to the preliminary estimates, the real local GDP increased by 4.3% in the second quarter, following a year-on-year growth of 5.9% in the previous quarter. Looking ahead, the Hong Kong economy is expected to continue its steady growth in the second half of 2026. The strong global demand for artificial intelligence-related products is likely to support merchandise exports, while service output is expected to benefit from the continued increase in visitors to Hong Kong and stable demand for financial and business services. Supported by stable labor market conditions and a resilient business and consumer atmosphere, domestic demand is anticipated to remain strong. However, ongoing external adverse factors, particularly geopolitical tensions in the Middle East, uncertainties in U.S. monetary policy, and trade protectionism measures in major advanced economies, will require close monitoring.