Hong Kong - Real Gross Domestic Product





Hong Kong: Real Gross Domestic Product

Mnemonic GDP$.IHKG
Unit Mil. Ch. 2017 HKD, SA
Adjustments Seasonally Adjusted
Quarterly 3.18 %
Data 2019 Q3 666,705
2019 Q2 688,589

Series Information

Source Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)
Release National accounts
Frequency Quarterly
Start Date 3/31/1973
End Date 9/30/2019

Hong Kong: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q3 77,808 73,487 Mil. HKD, NSA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q3 134,833 139,360 Mil. HKD, NSA Quarterly
Nominal Gross Domestic Product 2019 Q3 722,831 698,044 Mil. HKD, NSA Quarterly
Private Consumption 2019 Q3 472,275 509,566 Mil. HKD, NSA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q3 126,010 132,269 Mil. Ch. 2017 HKD, NSA Quarterly
Real Government Consumption 2019 Q3 72,319 70,563 Mil. Ch. 2017 HKD, SA Quarterly
Real Gross Domestic Product 2019 Q3 666,705 688,589 Mil. Ch. 2017 HKD, SA Quarterly
Real Investment 2019 Q3 124,701 128,693 Mil. Ch. 2017 HKD, NSA Quarterly
Real Private Consumption 2019 Q3 455,012 474,347 Mil. Ch. 2017 HKD, SA Quarterly
Investment 2019 Q2 138,175,000,000 137,927,000,000 HKD, NSA Quarterly

Release Information

Quarterly national accounts for Hong Kong SAR; detailed expenditure and production approaches; in current and constant prices; with levels, growth and deflators. Quarterly from 2000.

Gross Domestic Product is a measure of the total cost of production of all occupant producing units of a country or territory in a stated period, before subtracting allowance for consumption of fixed capital.

Per capita GDP of a country or territory is found by dividing total GDP in a year by the population of that country or territory in the identical year.

GDP can be measured using alternate methods. For Hong Kong, GDP is collected using the expenditure approach and the production approach.

For chained prices, the currency reference year is updated every year. As of 2019 it is 2017.

Collection of GDP through the expenditure approach is the total final expenditures on goods and services (including private consumption expenditure, government consumption expenditure, gross domestic fixed capital formation, changes in inventories and exports of goods and services), minus imports of goods and services.

The collection structure of GDP and Gross National Income (GNI) agrees fundamentally with the global principles as specified in the System of National Accounts 2008 (2008 SNA). GDP by expenditure component at current market prices and in volume terms are collected. Modifications in "volume measure of GDP" (also denoted as changes in real terms) mirror modifications in the volumes of goods and services produced or purchased from one period to another.

In calculating the year-on-year growth rate of private consumption expenditure (PCE) for 1992, the 1991 figures was adjusted to exclude the expenditure of ex-subvented hospitals (now called public hospitals).   This is because, after the establishment of the Hospital Authority, ex-subvented hospitals started to function as instruments of the government to implement the provision of subsidised hospital services to the general public.  In this regard, ex-subvented hospitals, which were previously classified as PCE, are now classified as government consumption services (GCE).  The adjustment to the PCE figure for 1991 is for comparability with the figure for 1992. This avoids any distortion of the year-on-year growth rates due to the change in classification. For details, please refer to paragraphs 3.26 and 3.27 of our annual GDP report at http://www.censtatd.gov.hk/hkstat/sub/sp250.jsp?productCode=B1030002

Revisions sometimes are produced by the source in future quarterly releases. These revisions are captured in the database.

For chained prices, the currency reference year is updated annually.