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HK 2022 Estimated Econ Shrinks 3.5%; 4Q GDP Fall Trims to 4.2%
The Census and Statistics Department (C&SD) announced the advance estimates on Gross Domestic Product (GDP) for the fourth quarter and the whole year of 2022. According to the ...
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HK 2022 Estimated Econ Shrinks 3.5%; 4Q GDP Fall Trims to 4.2%
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The Census and Statistics Department (C&SD) announced the advance estimates on Gross Domestic Product (GDP) for the fourth quarter and the whole year of 2022. According to the advance estimates, GDP decreased by 4.2% in real terms in the fourth quarter of 2022 from a year earlier, compared with the decrease of 4.6% in the third quarter. The decline of GDP was mainly attributable to the continued weak performance in external trade during the quarter. For 2022 as a whole, GDP decreased by 3.5% in real terms from 2021.
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