Government revenues as a share of GDP in Hong Kong, China
Hong Kong, China: Government revenues as a share of GDP was 20.5% in 2022. ▲ Rising
Government revenues as a share of GDP in Hong Kong, China, 2002–2022
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Hong Kong, China recorded 20.5% for government revenues as a share of gdp in 2022.
That represents a change of down 21.9% on the previous year and down 13.1% over ten years.
Over the whole period, government revenues as a share of gdp in Hong Kong, China peaked at 26.2% in 2021 and was at its lowest, 14.7%, in 2002.
Hong Kong, China ranks 131st of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Government revenues as a share of GDP in Hong Kong, China, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 14.7% | — |
| 2003 | 16.3% | +10.7% |
| 2004 | 18.7% | +15.1% |
| 2005 | 19.6% | +4.8% |
| 2006 | 20.3% | +3.5% |
| 2007 | 22.3% | +9.8% |
| 2008 | 19.3% | -13.3% |
| 2009 | 20.2% | +4.7% |
| 2010 | 22.3% | +10.1% |
| 2011 | 23.8% | +6.7% |
| 2012 | 23.6% | -1.0% |
| 2013 | 21.5% | -8.9% |
| 2014 | 23.6% | +9.7% |
| 2015 | 21.7% | -8.0% |
| 2016 | 24.6% | +13.5% |
| 2017 | 25.8% | +4.8% |
| 2018 | 23.8% | -7.8% |
| 2019 | 23.3% | -2.0% |
| 2020 | 23.4% | +0.2% |
| 2021 | 26.2% | +12.2% |
| 2022 | 20.5% | -21.9% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 20.5% is below the median for high income countries, which is 38.8%, 53% of the median. (61 countries reporting)
- Hong Kong, China's 20.5% is below the median for East Asia & Pacific, which is 27.3%, 75% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.9% | 14.7% | 22.3% | 8 |
| 2010s | 23.4% | 21.5% | 25.8% | 10 |
| 2020s | 23.3% | 20.5% | 26.2% | 3 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is government revenues as a share of gdp in Hong Kong, China?
- Government revenues as a share of gdp in Hong Kong, China was 20.5% in 2022, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Hong Kong, China?
- The highest recorded value was 26.2% in 2021.
- What is the lowest government revenues as a share of gdp recorded in Hong Kong, China?
- The lowest recorded value was 14.7% in 2002.
- How does Hong Kong, China rank for government revenues as a share of gdp?
- Hong Kong, China ranks 131st out of 174 countries with data for 2022.
- Is government revenues as a share of gdp rising or falling in Hong Kong, China?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is rising.
- Where does this Hong Kong, China data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.