HK’s GDP estimates to grow 5.9% in first quarter

The Census and Statistics Department released today the advance estimates on Gross Domestic Product for the first quarter of 2026.

According to the advance estimates, GDP increased by 5.9% in real terms in the first quarter of 2026 over a year earlier, compared with the increase of 4.0% in the fourth quarter of 2025.

Analysed by major GDP component, private consumption expenditure increased by 5.0% in real terms in the first quarter of 2026 over a year earlier, faster than the increase of 2.5% in the fourth quarter of 2025.

Government consumption expenditure measured in national accounts terms recorded an increase of 2.9% in real terms in the first quarter of 2026 over a year earlier, compared with the increase of 1.5% in the fourth quarter of 2025.

Exports of services rose by 3.5% in real terms in the first quarter of 2026 over a year earlier, after the increase of 4.7% in the fourth quarter of 2025. Imports of services increased by 3.9% in real terms in the first quarter of 2026, compared with the increase of 3.7% in the fourth quarter of 2025.

On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 2.9% in real terms in the first quarter of 2026 when compared with the fourth quarter of 2025.