Hong Kong’s economy is expected to expand by 3.2 percent in 2025, the government said, after the city posted a 3.8 percent growth in the third quarter.
In the first three quarters of the year, the SAR’s gross domestic product grew by 3.3 percent from a year earlier, the government said in its latest quarterly economic report on Friday.
It has also revised up the full-year projection from a 2-3 percent growth in the August review accordingly, the report said.
Total exports of goods continued to grow markedly by 12.1 percent year-on-year in real terms in the third quarter, propelled by strong demand for electronic-related products and buoyant regional trade flows in Asia, it said.
Private consumption expenditure picked up slightly in growth in the third quarter, rising further by 2.1 percent year-on-year in real terms, reflecting the continued recovery of the local consumption market, authorities noted, adding that overall investment expenditure also saw an accelerated increase of 4.3 percent, alongside the economic expansion and stabilization in the residential property market.
Looking ahead, the city’s economy should see further solid growth for the rest of 2025, the government said.
Sustained moderate growth of the global economy in the near term, coupled with easing China-US trade tensions of late and persistent demand for electronic-related products, should lend support to Hong Kong's exports of goods, it said.
Continued increases in inbound tourism and vibrant financial market activities should provide further impetus to exports of services, it added.
