Gross value added at basic prices (GVA) (current LCU), annual growth in Hong Kong
Hong Kong: Gross value added at basic prices (GVA) (current LCU), annual growth was 6.79 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Hong Kong, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), annual growth in Hong Kong is 6.79 % change on previous year, measured in 2024.
That represents a change of up 3.8% on the previous year and up 32.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Hong Kong peaked at 9.83 % change on previous year in 2010 and was at its lowest, -6.57 % change on previous year, in 2020.
Hong Kong ranks 105th of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Hong Kong, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | -1.02 % change on previous year | — |
| 2002 | -1.59 % change on previous year | +56.6% |
| 2003 | -1.82 % change on previous year | +14.2% |
| 2004 | 4.75 % change on previous year | -361.2% |
| 2005 | 7.21 % change on previous year | +51.9% |
| 2006 | 6.93 % change on previous year | -3.8% |
| 2007 | 8.94 % change on previous year | +28.9% |
| 2008 | 0.9201 % change on previous year | -89.7% |
| 2009 | -2.36 % change on previous year | -356.2% |
| 2010 | 9.83 % change on previous year | -517.0% |
| 2011 | 9.43 % change on previous year | -4.1% |
| 2012 | 5.89 % change on previous year | -37.5% |
| 2013 | 4.22 % change on previous year | -28.3% |
| 2014 | 5.14 % change on previous year | +21.7% |
| 2015 | 5.42 % change on previous year | +5.3% |
| 2016 | 3.97 % change on previous year | -26.6% |
| 2017 | 5.51 % change on previous year | +38.7% |
| 2018 | 5.85 % change on previous year | +6.2% |
| 2019 | 1.49 % change on previous year | -74.5% |
| 2020 | -6.57 % change on previous year | -540.1% |
| 2021 | 7.23 % change on previous year | -210.1% |
| 2022 | -0.378 % change on previous year | -105.2% |
| 2023 | 6.54 % change on previous year | -1830.3% |
| 2024 | 6.79 % change on previous year | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.44 % change on previous year | -2.36 % change on previous year | 8.94 % change on previous year | 9 |
| 2010s | 5.68 % change on previous year | 1.49 % change on previous year | 9.83 % change on previous year | 10 |
| 2020s | 2.72 % change on previous year | -6.57 % change on previous year | 7.23 % change on previous year | 5 |
Countries ranked near Hong Kong
- 102 Nepal 6.85 % change on previous year compare
- 103 Andorra 6.83 % change on previous year compare
- 104 Dominican Republic 6.83 % change on previous year compare
- 106 Cayman Islands 6.54 % change on previous year compare
- 107 Hungary 6.5 % change on previous year compare
- 108 Lesotho 6.47 % change on previous year compare
More economy & growth data for Hong Kong
- Services, value added (current US$), annual growth rate 7.27 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.9145 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 49,636 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 6.92 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 7.14 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 387,350 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.21 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.7355 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 41,910 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 383,758 constant LCU per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Hong Kong?
- Gross value added at basic prices (gva) (current lcu), annual growth in Hong Kong was 6.79 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Hong Kong?
- The highest recorded value was 9.83 % change on previous year in 2010.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Hong Kong?
- The lowest recorded value was -6.57 % change on previous year in 2020.
- How does Hong Kong rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Hong Kong ranks 105th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Hong Kong?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.