Economy grows by 3.1% in Q2

On a seasonally adjusted quarter-to-quarter basis, real GDP rose by 0.4%.

Hong Kong’s gross domestic product (GDP) increased by 3.1% in the second quarter (Q2) of 2025, up from 3% in the first quarter (Q1), according to advance estimates released by the Census and Statistics Department.

Private consumption rose by 1.9% in the same period, rebounding from the decrease of 1.2% in Q1.

Government consumption measured in national accounts terms also recorded an increase of 2.5% in Q2 over a year earlier, compared with the increase of 0.9% in Q1.

Over the same period, total exports of goods grew by 11.5%, whilst imports of goods increased by 12.7%.

For services, exports rose further by 7.5%, whilst imports increased by 7%.

On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 0.4% in real terms in Q2 when compared with Q1.

Zhao Yang, managing director of CICC Global Institute, said that Hong Kong’s GDP growth indicated a recovery in the economy.

“Hong Kong's GDP has achieved positive growth for ten consecutive quarters, demonstrating the remarkable resilience of its economy,” he said.

“The steady economic growth helps bolster international confidence in Hong Kong's economy and corrects previous negative expectations. As the outlook improves, employment and local service sectors in Hong Kong are expected to gradually recover, driving a comprehensive economic rebound,” he added.