Hong Kong’s economy grew by 3.8% year-on-year in the fourth quarter of 2025, following a revised 3.7% expansion in the previous quarter, and matching preliminary estimates. Private consumption rose 2.7%, up from 2.4%, while overall investment surged 10.5%, compared with 3.4%, reflecting stronger consumer confidence and an improved business outlook. In contrast, government spending slowed to 1.4% from 2% in Q3. On the trade front, goods exports climbed 15.5% from 12%, while service exports eased to 4.8% from 6.6%. Meanwhile, goods imports increased 18.4% from 11.7% and service imports rose 3.7% from 2.3%. On a seasonally adjusted quarterly basis, the GDP rose 1% from an upwardly revised 0.9%. For the full year, Hong Kong’s economy expanded 3.5%, up from 2.6% in 2024.