Revenue from corporate income taxes as a share of GDP in Hong Kong, China
Hong Kong, China: Revenue from corporate income taxes as a share of GDP was 5.6% in 2016. ▲ Rising
Revenue from corporate income taxes as a share of GDP in Hong Kong, China, 2002–2016
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
Hong Kong, China recorded 5.6% for revenue from corporate income taxes as a share of gdp in 2016.
That represents a change of down 5.9% on the previous year and up 16.4% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Hong Kong, China peaked at 6.2% in 2011 and was at its lowest, 3.0%, in 2002.
That places Hong Kong, China 14th out of 163 countries with data for 2016, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Revenue from corporate income taxes as a share of GDP in Hong Kong, China, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 3.0% | — |
| 2003 | 3.9% | +29.8% |
| 2004 | 4.5% | +14.7% |
| 2005 | 4.9% | +11.0% |
| 2006 | 4.8% | -3.2% |
| 2007 | 5.5% | +15.8% |
| 2008 | 6.1% | +10.1% |
| 2009 | 4.6% | -24.3% |
| 2010 | 5.2% | +13.0% |
| 2011 | 6.2% | +19.7% |
| 2012 | 6.2% | -1.1% |
| 2013 | 5.7% | -8.0% |
| 2014 | 6.0% | +4.7% |
| 2015 | 5.9% | -0.7% |
| 2016 | 5.6% | -5.9% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 5.6% is above the median for high income countries, which is 2.8%, 2.0× the median. (57 countries reporting)
- Hong Kong, China's 5.6% is above the median for East Asia & Pacific, which is 3.9%, 1.4× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.7% | 3.0% | 6.1% | 8 |
| 2010s | 5.8% | 5.2% | 6.2% | 7 |
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 revenue from corporate income taxes as a share of gdp in Hong Kong, China?
- Revenue from corporate income taxes as a share of gdp in Hong Kong, China was 5.6% in 2016, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Hong Kong, China?
- The highest recorded value was 6.2% in 2011.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Hong Kong, China?
- The lowest recorded value was 3.0% in 2002.
- How does Hong Kong, China rank for revenue from corporate income taxes as a share of gdp?
- Hong Kong, China ranks 14th out of 163 countries with data for 2016.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Hong Kong, China?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is rising.
- Where does this Hong Kong, China data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Corporate income taxes include natural resources taxes.