Hong Kong Q1 GDP expands 5.9 percent as outlook holds

Hong Kong GDP grew 5.9% year-on-year in the first quarter, driven by a surge in exports and private consumption. The expansion follows 4.0% growth in the final quarter of 2025 and exceeds the 3.1% rate recorded a year ago. Sustained export demand suggests the city is successfully leveraging the global cycle for advanced electronics and financial services.

### Exports and Consumption Drive Growth The first-quarter performance matched preliminary data released earlier in May. On a seasonally adjusted quarterly basis, the economy expanded 2.9% during the January-March period, up from 1.0% in the preceding quarter. Government officials maintained the full-year 2026 GDP growth forecast within a range of 2.5% to 3.5%.