Latest reading: Retail sales increased 3.3% on a year-on-year basis in January, following a 5.0% rise in the prior month....
Retail Sales in Hong Kong
The Hong Kong economy recorded an average growth rate of -2.6% in retail sales over the decade to 2024, above East & South Asia's average of 6.8%. In 2024, Hong Kong's retail sales growth was -9.0%.
Hong Kong Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Hong Kong from 2014 to 2025.
Source: Macrobond.
Hong Kong Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -25.5 | 6.5 | -3.3 | 13.8 | -9.0 |
Retail sales decelerate in January
Latest reading: Retail sales increased 3.3% on a year-on-year basis in January, following a 5.0% rise in the prior month. This was the seventh straight month of growth after a prolonged period of contraction, though sales are still well below their 2018 peak. Relative to the previous month's figures, readings in January worsened for fuel (-25.0% on a year-on-year basis vs -21.9% in December), supermarkets (-5.6% vs +0.6% in December) and food and alcoholic beverages (-10.7% vs -0.4% in December). In contrast, readings improved for clothing and footwear (+5.3% vs -8.4% in December) and jewelry, watches and valuables (+10.7% vs +1.1% in December).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong retail projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Hong Kong retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong retail projections.
Want to get access to the full dataset of Hong Kong retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Hong Kong: Retail sales decelerate in January -
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