Annual growth of general government final consumption expenditure in Hong Kong, China
Hong Kong, China: Annual growth of general government final consumption expenditure was -4.25 in 2023. ◆ Volatile
Annual growth of general government final consumption expenditure in Hong Kong, China, 2000–2023
Source: Our World in Data.
Analysis
Hong Kong, China recorded -4.25 for annual growth of general government final consumption expenditure in 2023. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 153.5% on the previous year and down 257.4% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Hong Kong, China peaked at 7.95 in 2022 and was at its lowest, -4.25, in 2023.
Hong Kong, China ranks 151st of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Hong Kong, China, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.45 | — |
| 2001 | 6.33 | +158.4% |
| 2002 | 2.87 | -54.7% |
| 2003 | 2.38 | -17.1% |
| 2004 | 1.39 | -41.6% |
| 2005 | -2.57 | -284.9% |
| 2006 | 0.89 | -134.6% |
| 2007 | 3.16 | +255.1% |
| 2008 | 2.03 | -35.8% |
| 2009 | 2.32 | +14.3% |
| 2010 | 3.35 | +44.4% |
| 2011 | 2.45 | -26.9% |
| 2012 | 3.56 | +45.3% |
| 2013 | 2.7 | -24.2% |
| 2014 | 3.06 | +13.3% |
| 2015 | 3.42 | +11.8% |
| 2016 | 3.44 | +0.6% |
| 2017 | 2.84 | -17.4% |
| 2018 | 4.24 | +49.3% |
| 2019 | 5.07 | +19.6% |
| 2020 | 7.91 | +56.0% |
| 2021 | 5.87 | -25.8% |
| 2022 | 7.95 | +35.4% |
| 2023 | -4.25 | -153.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.12 | -2.57 | 6.33 | 10 |
| 2010s | 3.41 | 2.45 | 5.07 | 10 |
| 2020s | 4.37 | -4.25 | 7.95 | 4 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Total reserves minus gold (current US$), annual growth rate 0.3557 % change on previous year (2023)
- Total reserves minus gold (current US$), per unit of GDP 1.12 current US$ per US$ of GDP (2023)
- Total reserves minus gold (current US$), per capita 56,450 current US$ per person (2023)
- General government final consumption expenditure (current US$) 2.9 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1257 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 7,163 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 2.81 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.9802 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 55,852 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 1.62 % change on previous year (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Hong Kong, China?
- Annual growth of general government final consumption expenditure in Hong Kong, China was -4.25 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Hong Kong, China?
- The highest recorded value was 7.95 in 2022.
- What is the lowest annual growth of general government final consumption expenditure recorded in Hong Kong, China?
- The lowest recorded value was -4.25 in 2023.
- How does Hong Kong, China rank for annual growth of general government final consumption expenditure?
- Hong Kong, China ranks 151st out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Hong Kong, China?
- Over the last ten years it is down 257.4%. The long-run trend across the full record is volatile.
- Where does this Hong Kong, China data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).