Hongkong BIP Veränderung zum Vorjahr

Hong Kong’s economy expanded 1.8% year-on-year in the third quarter of 2024, sharply cooling from a downwardly revised 3.2% growth in the previous period and slowing more than the expected 3.1%, preliminary estimates showed. The slowdown was driven by the easing growth in fixed investments (3.7% vs 4.1% in Q2) and government spending (2.1% vs 2.2%). Additionally, private consumption continued to decline (-1.4% vs -1.6%). On net trade, the growth rate for goods exports moderated (3.9% vs 7.5%), while services grew at a faster pace (2.4% vs 1.1%). For imports, the increase in goods and services slowed to 2.6% and 8.2% from 3.4% and 12.3%, respectively. On a seasonally adjusted quarterly basis, the economy shrank 1.1%, the first contraction in two years and following a downwardly revised 0.3% expansion in the prior quarter.