The gross domestic product of Hong Kong in the third quarter of 2025 is estimated to increase by 3.8% year-on-year.
The preliminary estimate released by the Census and Statistics Department of the Hong Kong Special Administrative Region Government shows that the local Gross Domestic Product (GDP) in the third quarter of 2025 increased by 3.8% compared to the same period last year, higher than the 3.1% growth in the second quarter. Seasonally adjusted figures indicate that the local GDP in the third quarter of 2025 increased by 0.7% compared to the second quarter. Private consumption expenditure rose by 2.1% in the third quarter of 2025 compared to the same period last year, slightly higher than the 1.9% growth in the second quarter.
A government spokesperson stated that the robust performance of Hong Kong's economy in the third quarter of 2025 was driven by a significant increase in exports and continued expansion of domestic demand. Strong demand for electronic products and flourishing regional trade led to a significant growth in overall merchandise exports in the third quarter. Service exports expanded significantly, supported by continued growth in the tourism industry and active cross-border financial activities amidst rising global stock markets. On the domestic front, private consumption expenditure further increased. With economic expansion and stabilization of the residential property market, overall investment expenditure accelerated.
Looking ahead, the spokesperson mentioned that Hong Kong's economy is expected to continue growing steadily for the rest of 2025. However, external uncertainties, especially trade barriers and their continuous impact on the global economy, international trade, and financial conditions, still need close monitoring.
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