What drove Hong Kong's economy to rise by 3.8% in Q3 2025?

Exports of goods also expanded, fuelled by electronics-related products.

Hong Kong’s gross domestic product (GDP) climbed 3.8% year-on-year (YoY) in the third quarter, driven by a “surge in exports and sustained expansion in domestic demand.” On a quarter-on-quarter basis, the GDP was up from 3.1%.

On a seasonally adjusted basis, real GDP rose 0.7% from the previous quarter, according to advance estimates released by the Census and Statistics Department.

Exports of goods continued to expand, fuelled by high demand for electronics-related products and strong regional trade flows.

Exports of services also grew notably, underpinned by a steady increase in inbound tourism and robust cross-border financial activities amidst gains in global stock markets.

Private consumption rose further, whilst investment spending accelerated in line with the broader economic upturn and a stabilising property market.

Looking ahead, the government expects further solid growth in the remainder of 2025, driven by steady global demand and ongoing strength in electronics exports. 

Rising visitor arrivals and active financial markets are also expected to support service exports.

Domestically, recent US interest rate cuts have lifted market sentiment, whilst improving consumer and business confidence should continue to bolster spending and investment.