Final estimates put Hong Kong's 2024 economic growth at 2.5%, below the official forecast range, as weaker external demand and a soft property sector weighed on the recovery.
Goods exports remained subdued, though services exports — particularly transport, tourism, and finance — continued to recover from the COVID trough.
Domestic demand was supported by labour market stabilisation, with the unemployment rate holding around 3.1%, but private consumption growth lagged earlier official projections.
The 2025-26 budget framed the recovery as "uneven" and committed to additional measures targeted at small and medium enterprises and tourism-related sectors.