Hong Kong economy expands 3.1% in Q2

This is the 10th consecutive quarter it saw an economic expansion.

Hong Kong recorded a 3.1% GDP growth year on year (YoY) from April to June period, reflecting resilient business environment with strong appeal from. tourism and investment sector.

The 10th consecutive quarter of economic expansion was supported by strong exports performance and improved domestic demand.

Total exports of goods recorded a 11.5% surge YoY, whilst private consumption expenditure increased by 1.9% YoY.

Hong Kong welcomed about 24 million visitors in the first half of 2025, rising 12% YoY.

The high number of visitors were drawn by an array of events across the city, including the Hong Kong Football Festival which attracted nearly 100,000 football fans at the Kai Tak Stadium over two match days.

Despite continued global uncertainties, the Hang Seng Index has added more than 4,000 points in H1 2025, with IPO fundraising reached US$13.6b, the upsurge continued in July with nine IPOs raising more than US$2.3b.

Overall investment expenditure increased alongside the economic expansion, the Office for Attracting Strategic Enterprises (OASES) helped 84 enterprises setting up or expanding their businesses, which will bring an estimated US$6.4b and more than 20,000 jobs in the coming few years.