Hong Kong - Nominal Gross Domestic Product





Hong Kong: Nominal Gross Domestic Product

Mnemonic GDP.IHKG
Unit Mil. HKD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.59 %
Data 2020 Q2 637,851
2020 Q1 661,590

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 6/30/2020

Hong Kong: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q2 82,546 89,334 Mil. HKD, NSA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q2 106,958 120,441 Mil. HKD, NSA Quarterly
Nominal Gross Domestic Product 2020 Q2 637,851 661,590 Mil. HKD, NSA Quarterly
Private Consumption 2020 Q2 440,128 447,890 Mil. HKD, NSA Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q2 107,026 116,386 Mil. Ch. 2018 HKD, NSA Quarterly
Real Government Consumption 2020 Q2 79,985 78,576 Mil. Ch. 2018 HKD, SA Quarterly
Real Gross Domestic Product 2020 Q2 647,387 648,237 Mil. Ch. 2018 HKD, SA Quarterly
Real Investment 2020 Q2 110,733 139,542 Mil. Ch. 2018 HKD, NSA Quarterly
Real Private Consumption 2020 Q2 419,563 436,259 Mil. Ch. 2018 HKD, SA Quarterly
Investment 2020 Q1 122,140,000,000 134,402,000,000 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.

Acive:

  • National accounts framework: UN SNA 2008
  • Industry classification: HSIC 2.0
  • Measurements:
    • Millions of Hong Kong dollars at chained year-2018 prices (Mil. Ch. 2018 HKD)
    • Fixed-base index relative to 2018 (Index 2018=100)
    • Quarter-over-quarter percent change (% Q/Q)
    • Year-over-year percent change (% Y/Y)
  • Adjustments:
    • Seasonally adjusted (SA) 
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 1973Q1

Predecessors:

  • At 2017 prices
  • At 2016 prices
  • At 2012 prices, HSIC 1.1
  • At 2011 prices, HSIC 1.1
  • At 2008 prices, HSIC 1.1

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.

Moody's Analytics supplements

We compute certain identities in NSA terms. We compute seasonally adjusted counterparts for level series. (Percent-change and deflator series are reported in SA terms by HKSARG.)

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.

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, see paragraphs 3.26 and 3.27 of the annual GDP report at http://www.censtatd.gov.hk/hkstat/sub/sp250.jsp?productCode=B1030002

Further reading

At the source:

At IMF (SDDS):