According to preliminary data released by the Hong Kong Special Administrative Region (HKSAR) Census and Statistics Department on March 31, Hong Kong's GDP is projected to rise by 3.8% in real terms in the third quarter of 2025 compared to the same period last year, while the second quarter saw a 3.1% increase.
During the period, private consumption expenditure rose by 2.1% in real terms compared to the same period last year; government consumption expenditure rose by 1.6% in real terms; and gross fixed capital formation rose by 4.3%.
Strong demand for electronics-related products and robust regional trade drove continued growth in overall merchandise exports. Total merchandise exports in the third quarter recorded a real increase of 12.2% compared to the same period last year, while merchandise imports also rose by 11.7% in real terms.
Supported by continued growth in the tourism industry and active cross-border financial activities amid rising global stock markets, service exports rose by 6.1% in real terms in the third quarter, while service imports rose by 2.6% in real terms.
A spokesperson for the HKSAR government stated that Hong Kong's economy is performing strongly and should continue to grow steadily for the remainder of the year. The global economy is expected to maintain moderate growth in the short term, with continued strong demand for electronics-related products, which should further support Hong Kong's merchandise exports. The continued rise in visitor arrivals and robust financial market activity should further boost service exports.
Hong Kong's third-quarter economic growth accelerated and exceeded expectations. Wen Jiawei, Chief Economist and Strategist of Dah Sing Financial Group, stated that easing uncertainties in international trade may benefit Hong Kong's foreign trade performance, while the continued stabilization of the property and stock markets will also benefit consumption and corporate investment activities. (End)
