Hong Kong economy grows by stronger-than-expected 3.1% in first quarter

Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates.

Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months.

A government spokesman said the economy “expanded solidly” in the three months, “picking up from the 2.5 per cent growth in the preceding quarter”.

“On a seasonally adjusted quarter-to-quarter basis, real GDP grew visibly by 2 per cent,” the spokesman said.

Financial Secretary Paul Chan Mo-po hinted in a blog post on Sunday that there had been “steady growth” in GDP in the first quarter.

He had forecast in his budget in February that Hong Kong’s economy could see full-year growth of 2 to 3 per cent.