Hongkong BIP Veränderung zum Vorjahr

Hong Kong’s economy expanded 3.3% year-on-year in the second quarter of 2024, accelerating from a 2.8% rise in the previous period and consistent with preliminary estimates. The acceleration was primarily driven by a rebound in government spending (2% vs -2.2% in Q1) and a significant increase in fixed investments (6% vs to 0.1%). In contrast, private consumption declined (-1.6% vs 1.2%). In terms of external trade, the growth rate for goods exports accelerated (7.5% vs 6.8%), while services grew at a generally slower pace (1.4% vs 9.4%). For imports, the increase in goods slightly rose (3.4% vs 3.3%), while growth in services moderated (12.4% vs 18%). On a seasonally adjusted quarterly basis, the economy expanded by 0.4%, a sharp slowdown from the 2.5% growth seen in the previous quarter.