Hong Kong SAR, China Business Confidence Growth

2009 - 2025 | Quarterly | % Point | CEIC Data

Key information about Hong Kong SAR (China) Business Confidence Growth

  • Hong Kong SAR (China) Business Confidence grew 1.0 % in Dec 2025, compared with a decrease of 7.0 % YoY in the previous quarter.
  • Hong Kong SAR (China) Business Confidence: YoY Change is updated quarterly, available from Mar 2009 to Dec 2025, with an averaged rate of 78.8 %.
  • The data reached an all-high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Business Confidence Change from quarterly Business Situation Expectations. Census and Statistics Department provides Business Situation Expectations with range from -100 to 100 with neutral point 0. Business Confidence covers all sectors of the economy.

View Hong Kong SAR, China's Business Confidence Growth from Mar 2009 to Dec 2025 in the chart:

Hong Kong SAR, China Business Confidence Growth

What was Hong Kong SAR, China's Business Confidence Growth in Dec 2025?

Hong Kong SAR (China) Business Confidence grew 1.0 % in Dec 2025, compared with a decrease of 7.0 % YoY in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.0 Dec 2025 -7.0 Sep 2025 33.1 Mar 1977 83.6 Mar 1996 % Point quarterly Mar 2009 - Dec 2025

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) 1.2 Sep 2025 quarterly Jun 2017 - Sep 2025
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 1.0 Oct 2025 monthly Jul 2013 - Oct 2025
Austria (% Point) 8.0 Nov 2025 monthly Jan 1986 - Nov 2025
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) 6.8 Nov 2025 monthly Jan 1981 - Nov 2025
Brazil (% Point) -9.2 Nov 2025 monthly Jan 2010 - Nov 2025
Bulgaria (% Point) -3.5 Nov 2025 monthly Jan 1994 - Nov 2025
Canada (% Point) -7.8 Nov 2025 monthly Dec 2001 - Nov 2025
Chile (% Point) -3.6 Oct 2025 monthly Nov 2004 - Oct 2025
China (% Point) -2.2 Nov 2025 monthly Jan 2006 - Nov 2025
Colombia (% Point) 5.3 Oct 2025 monthly Jan 1981 - Oct 2025
Croatia (% Point) 5.6 Nov 2025 monthly May 2009 - Nov 2025
Cyprus (% Point) -18.5 Nov 2025 monthly May 2003 - Nov 2025
Czech Republic (% Point) 2.0 Nov 2025 monthly Mar 1994 - Nov 2025
Denmark (% Point) -20.3 Nov 2025 monthly Jan 1986 - Nov 2025
Ecuador (% Point) 9.4 Oct 2025 monthly Feb 2011 - Oct 2025
Estonia (% Point) 1.4 Nov 2025 monthly May 2002 - Nov 2025
European Union (% Point) 0.9 Nov 2025 monthly Jan 1986 - Nov 2025
Finland (% Point) 1.1 Nov 2025 monthly Jan 1994 - Nov 2025
France (% Point) 1.3 Nov 2025 monthly Jan 1986 - Nov 2025
Georgia (% Point) 30.9 Dec 2025 quarterly Dec 2014 - Dec 2025
Germany (% Point) 8.0 Nov 2025 monthly Jan 1992 - Nov 2025
Ghana (%) 14.8 Oct 2025 monthly Dec 2013 - Oct 2025
Greece (% Point) -3.1 Nov 2025 monthly Jan 1986 - Nov 2025
Hong Kong SAR, China (% Point) 1.0 Dec 2025 quarterly Mar 2009 - Dec 2025
Hungary (% Point) 1.8 Nov 2025 monthly Jan 1997 - Nov 2025
Iceland (% Point) -30.5 Sep 2025 quarterly Dec 2003 - Sep 2025
India (% Point) 6.0 Dec 2025 quarterly Jun 2001 - Dec 2025
Indonesia (% Point) -0.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Israel (% Point) 4.5 Oct 2025 monthly Jan 2016 - Oct 2025
Italy (% Point) 3.6 Nov 2025 monthly Jan 1986 - Nov 2025
Japan (% Point) -1.0 Dec 2025 quarterly Mar 2005 - Dec 2025
Kazakhstan (% Point) 1.0 Dec 2024 quarterly Mar 2009 - Dec 2024
South Korea (% Point) 5.0 Dec 2025 monthly Feb 2004 - Dec 2025
Latvia (% Point) 2.1 Nov 2025 monthly Apr 1994 - Nov 2025
Lithuania (% Point) -2.3 Nov 2025 monthly Apr 2004 - Nov 2025
Luxembourg (% Point) -9.8 Nov 2025 monthly Jan 1986 - Nov 2025
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024
Malta (% Point) -10.1 Nov 2025 monthly Nov 2003 - Nov 2025
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -7.0 Nov 2025 monthly Jan 2005 - Nov 2025
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 2.4 Oct 2025 monthly Jan 1986 - Oct 2025
New Zealand (% Point) 10.2 Oct 2025 monthly Aug 2003 - Oct 2025
Nigeria (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025
Norway (% Point) 6.1 Nov 2025 monthly Feb 2005 - Nov 2025
Palestinian Territory (% Point) 3.9 Oct 2025 monthly Apr 2014 - Oct 2025
Peru (% Point) 15.2 Nov 2025 monthly Apr 2003 - Nov 2025
Philippines (% Point) -16.0 Sep 2025 quarterly Jun 2002 - Sep 2025
Poland (% Point) 3.8 Nov 2025 monthly Jul 2006 - Nov 2025
Portugal (% Point) 4.5 Nov 2025 monthly Jan 1988 - Nov 2025
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -1.7 Nov 2025 monthly Jul 1992 - Nov 2025
Russia (% Point) -5.0 Nov 2025 monthly Jan 2006 - Nov 2025
Serbia (% Point) -0.2 Nov 2025 monthly May 2014 - Nov 2025
Singapore (% Point) -1.6 Nov 2025 monthly Jan 2000 - Nov 2025
Slovakia (% Point) -7.0 Nov 2025 monthly Jan 1994 - Nov 2025
Slovenia (% Point) 3.2 Nov 2025 monthly May 1996 - Nov 2025
South Africa (% Point) -11.6 Nov 2025 monthly Sep 2000 - Nov 2025
Spain (% Point) 2.0 Nov 2025 monthly Jan 1994 - Nov 2025
Sri Lanka (% Point) 5.8 Oct 2025 monthly May 2016 - Oct 2025
Sweden (% Point) 4.2 Oct 2025 monthly Nov 1995 - Oct 2025
Switzerland (% Point) -2.0 Oct 2025 monthly Jan 1996 - Oct 2025
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 1.4 Nov 2025 monthly Feb 2000 - Nov 2025
Turkey (% Point) -0.2 Nov 2025 monthly Jan 2008 - Nov 2025
Ukraine (% Point) 3.6 Sep 2025 quarterly Sep 2013 - Sep 2025
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 3.6 Oct 2025 monthly Jan 1949 - Oct 2025
Uruguay (% Point) -6.8 Oct 2025 monthly Oct 1999 - Oct 2025

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Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.3 Sep 2025 quarterly Mar 1997 - Sep 2025
Consolidated Fiscal Balance (USD mn) 5,971.882 Oct 2025 monthly Oct 1998 - Oct 2025
Tax Revenue (USD mn) 7,230.982 Sep 2025 quarterly Sep 1979 - Sep 2025
Tax Revenue: % of GDP (%) 6.6 Sep 2025 quarterly Sep 1979 - Sep 2025
National Government Debt (USD mn) 190,086.3 2024 yearly 2003 - 2024
Government Debt: % of GDP (%) 49.1 2024 yearly 2003 - 2024
Forecast: Government Expenditure (HKD bn) 886.220 2031 yearly 1982 - 2031
Forecast: Government Net Debt (HKD bn) 615.406 2031 yearly 2005 - 2031
Forecast: Government Revenue (HKD bn) 909.007 2031 yearly 1982 - 2031
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.702 2030 yearly 1980 - 2030
Trade Balance (USD mn) -5,138.2 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports (USD mn) 59,396.9 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports Growth (%) 17.5 Oct 2025 monthly Jan 1953 - Oct 2025
Aluminum: Exports (USD th) 177,416.639 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,714,519.261 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 346,742.409 2024 yearly 1995 - 2024
Total Imports (USD mn) 64,535.1 Oct 2025 monthly Jan 1957 - Oct 2025
Total Imports Growth (%) 18.3 Oct 2025 monthly Jan 1953 - Oct 2025
Imports: Medicament (USD th) 2,887,691.952 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 917,283.629 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,638.735 Oct 2025 monthly Apr 1964 - Oct 2025
Total Imports from USA (USD mn) 2,172.141 Oct 2025 monthly Apr 1964 - Oct 2025
Total Exports to China (USD mn) 33,713.741 Oct 2025 monthly Apr 1964 - Oct 2025
Total Imports from China (USD mn) 27,406.040 Oct 2025 monthly Apr 1964 - Oct 2025
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 181,549.984 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 52,073.363 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 46,600.849 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: General Industrial Machinery and Equipment nes (HKD mn) 2,587.081 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 592.204 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 42,717.031 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Office Machines & Automatic Data Processing Machines (HKD mn) 40,255.796 Jan 2025 monthly Jan 1991 - Jan 2025
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24,990.1 Jun 2025 quarterly Mar 1999 - Jun 2025
Current Account Balance (USD mn) 12,276.2 Jun 2025 quarterly Mar 1999 - Jun 2025
Current Account Balance: % of GDP (%) 12.2 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Direct Investment (USD mn) 36,029.3 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Direct Investment: % of GDP (%) 35.7 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Portfolio Investment (USD mn) 8,538.517 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 8.5 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -3,274.7 Jun 2025 quarterly Mar 1999 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 11,813.208 Jun 2025 quarterly Mar 1999 - Jun 2025
External Debt (USD mn) 1,969,904.2 Jun 2025 quarterly Mar 2001 - Jun 2025
External Debt: % of GDP (%) 467.1 2024 yearly 2001 - 2024
External Debt: Short Term (USD mn) 1,183,882.5 Jun 2025 quarterly Mar 2001 - Jun 2025
External Debt: Short Term: % of GDP (%) 279.6 2024 yearly 2001 - 2024
Forecast: Current Account Balance (USD bn) 50.586 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 2,339,478.847 Jun 2025 quarterly Mar 2010 - Jun 2025
BoP: CA: Goods: Debit (HKD mn) 1,264,183.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Portfolio Investment (PI) (HKD mn) 138,542.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Net Errors and Omissions (HKD mn) -34,940.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account (HKD mn) -218.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Assets (AS) (HKD mn) 102,732.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Debit (HKD mn) 528,851.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Debit (HKD mn) 176,802.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Other investment (OI) (HKD mn) 117,932.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods (HKD mn) -582.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Secondary Income (SInc) (HKD mn) -5,052.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Credit (HKD mn) 2,099,548.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CFA: Reserve Assets (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Debit (HKD mn) 9,825.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Credit (HKD mn) 616,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account (CA) (HKD mn) 119,887.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Liabilities (HKD mn) -113,159.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Overall Balance (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Assets (HKD mn) 203,808.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Direct Investment (DI) (HKD mn) -108,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Credit (HKD mn) 3.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Assets (HKD mn) -153,860.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Debit (HKD mn) 222.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Financial Derivatives (FD) (HKD mn) -40,701.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Credit (HKD mn) 4,773.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Debit (HKD mn) 1,979,660.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services (HKD mn) 38,282.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Financial Account (FA) (HKD mn) 84,729.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Liabilities (LB) (HKD mn) 210,822.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Assets (AS) (HKD mn) 147,710.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods: Credit (HKD mn) 1,263,601.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Liabilities (HKD mn) 85,876.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Liabilities (LB) (HKD mn) 9,168.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Primary Income (PInc) (HKD mn) 87,239.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Credit (HKD mn) 215,084.000 Sep 2024 quarterly Mar 1999 - Sep 2024
International Investment Position (IIP): Assets (HKD mn) 52,982,050.000 Sep 2024 quarterly Mar 2010 - Sep 2024
IIP: Net (HKD mn) 16,055,042.000 Sep 2024 quarterly Mar 2010 - Sep 2024
IIP: Liabilities (HKD mn) 36,927,008.000 Sep 2024 quarterly Mar 2010 - Sep 2024
External Debt (ED): Total (HKD mn) 14,959,558.000 Sep 2024 quarterly Mar 2002 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.1 Sep 2025 quarterly Mar 1997 - Sep 2025
Household Debt: % of GDP (%) 87.7 Sep 2025 quarterly Mar 1982 - Sep 2025
Money Supply M1 (USD mn) 230,757.878 Oct 2025 monthly Jan 1985 - Oct 2025
Money Supply M2 (USD mn) 2,596,242.006 Oct 2025 monthly Dec 1980 - Oct 2025
M2 Growth (%) 10.6 Oct 2025 monthly Dec 1981 - Oct 2025
Foreign Exchange Reserves (USD mn) 425,786.0 Oct 2025 monthly Apr 2000 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 99.623 Sep 2025 quarterly Jun 2000 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 267.000 Oct 2025 monthly Dec 1990 - Oct 2025
Total Deposits (USD mn) 2,452,553.753 Oct 2025 monthly Jan 1991 - Oct 2025
Total Deposits Growth (%) 11.0 Oct 2025 monthly Jan 1992 - Oct 2025
Domestic Credit (USD mn) 1,036,005.0 Aug 2025 monthly Dec 1990 - Aug 2025
Domestic Credit Growth (%) 2.5 Aug 2025 monthly Dec 1991 - Aug 2025
Debt Service Ratio: Private Non-Financial Sector (%) 35.200 Mar 2025 quarterly Mar 1999 - Mar 2025
Credit to Households (USD bn) 361.992 Mar 2025 quarterly Dec 1990 - Mar 2025
Credit to Private Non-Financial Sector (USD bn) 1,368.282 Mar 2025 quarterly Dec 1978 - Mar 2025
Household Debt (USD mn) 369,408.3 Sep 2025 quarterly Mar 1982 - Sep 2025
Total Loans (USD mn) 1,286,342.499 Oct 2025 monthly Dec 1978 - Oct 2025
Total Loans Growth (%) 1.30 Oct 2025 monthly Dec 1979 - Oct 2025
Private Debt: % of Nominal GDP (%) 190.47 Sep 2025 quarterly Dec 1973 - Sep 2025
Deposits: Renminbi: Total Outstandings (RMB mn) 554,316.75 Mar 2018 monthly Feb 2004 - Mar 2018
HK: Loans & Advances: Total (HKD mn) 9,652,390.44 Mar 2018 monthly Dec 1978 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.0 Dec 2025 quarterly Mar 2009 - Dec 2025
BTS: Expected Changes: BS: sa: Retail (%) -31.000 Mar 2025 quarterly Mar 2008 - Mar 2025
BTS: Expected Changes: Business Situation (BS): sa (%) -10.000 Mar 2025 quarterly Mar 2008 - Mar 2025

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