Hong Kong GDP expands 3.8%, 2025 growth forecast revised up

Hong Kong's economy expanded by 3.8 per cent in the third quarter from the same period a year earlier, the government said, supported by a surge in exports and sustained growth in domestic demand.

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That was in line with the official estimate released in late October, marking the 11th consecutive quarter of expansion.

The economy grew 3.1 per cent in the second quarter and 3.0 per cent in the first three months of 2025.

The government also revised up its 2025 GDP forecast to 3.2 per cent, from 2 per cent-3 per cent in its August review.

On a seasonally adjusted quarterly basis, the economy grew 0.7 per cent in July-September, the revised figures showed. That compared with 0.4 per cent growth in April-June and 1.8 per cent in January-March.

"Looking ahead, the Hong Kong economy should see further solid growth for the rest of 2025," acting government economist Cecilia Lam said in a statement, adding that continued increases in inbound tourism and vibrant financial market activities should provide impetus to exports of services.

"Sustained moderate growth of the global economy in the near term, coupled with easing China-US trade tensions of late and persistent demand for electronic-related products, should lend support to Hong Kong's exports of goods," Lam said.

The government revised down its 2025 forecasts for underlying and headline consumer price inflation to 1.2 per cent and 1.5 per cent, respectively, from 1.5 per cent and 1.8 per cent in the August review.