Hong Kong’s economy grows 5.2% in third quarter, estimate shows
The advance estimate puts year-on-year growth above the second quarter’s 4.2% and the 3.6% average forecast in a poll of economists.
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The advance estimate puts year-on-year growth above the second quarter’s 4.2% and the 3.6% average forecast in a poll of economists.
Hong Kong’s economy grew 5.2% in the third quarter of 2026 from a year earlier, according to an official advance estimate released on 3 November. It was the 15th consecutive quarter of growth.
The estimate was above the 3.6% average forecast of 10 economists in a Reuters poll and the 4.2% growth recorded in the second quarter, though below the first quarter’s 5.9%, CNA reported. Gross domestic product, or GDP, measures the economy’s output.
On a seasonally adjusted basis, real GDP rose 1.9% from the second quarter. That comparison adjusts for regular seasonal patterns and price changes.
The estimates also showed that total exports of goods grew 30.4% in the third quarter, while private consumption expenditure rose 2.8%.
Before the release, Financial Secretary Paul Chan said faster export growth and solid domestic demand were expected to lift growth above market forecasts. He said consumption, investment and exports all grew in the third quarter.
Chan attributed part of the growth to a global investment boom in superintelligence (SI), which he said was driving demand for high-end electronic components and SI-related goods. He said private investment expenditure had grown by double digits for three consecutive quarters and maintained that momentum into the third quarter.
Chan said before the release that he expected the full-year growth forecast to be revised upward again. He cited an improving real estate market and said visitor arrivals were likely to exceed the full-year target of 50 million. He expected visitors arriving toward the end of the year to benefit retail and catering.
Chan said construction, catering and retail faced greater pressure and higher jobless rates, although he described overall employment as stable, with unemployment around 3.9%.
As government economists assess growth for next year, Chan said they are considering expected high interest rates, oil-price fluctuations linked to wars in the Middle East, elections in major economies and shifts in international funds.
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