Hong Kong's Economic Growth Quickened in the Fourth Quarter

By Ronnie Harui

Hong Kong's economic growth accelerated in the fourth quarter of 2023, mainly due to inbound tourism and personal consumption.

Gross domestic product expanded 4.3% in real terms in the fourth quarter from a year earlier, advance estimates from the government showed. That compared with the 4.1% growth recorded in the third quarter.

On a seasonally adjusted quarter-over-quarter basis, GDP rose 0.5% in real terms in the final quarter of last year, Wednesday's data showed. That compared with the third quarter's revised 0.3% expansion.

For 2023 as a whole, Hong Kong's GDP grew 3.2% in real terms over 2022.

Write to Ronnie Harui at [e-mail]

(END) Dow Jones Newswires

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