Hong Kong economy grows 3.5% in 2025, beating earlier forecasts

Advance estimates released by the Census and Statistics Department on Friday also showed gross domestic product (GDP) in the fourth quarter increased by 3.8 per cent from a year earlier.

Hong Kong’s GDP expanded by at least 3 per cent in each of the first three quarters of 2025, rising 3 per cent year on year in the first quarter, 3.1 per cent in the second and 3.8 per cent in the third.

The economy expanded by 3.2 per cent in 2023 and by 2.6 per cent in 2024, with the figure revised up from 2.5 per cent earlier. The full-year GDP figure for 2025 also exceeded the government’s earlier forecast of a 3.2 per cent increase.

A government spokesman said the economy’s growth momentum had “strengthened progressively” over the previous year.

“Total exports of goods increased markedly, propelled by strong demand for electronic-related products and buoyant regional trade flows in Asia,” he said.