Share of central government spending funded by taxes in Hong Kong, China
Hong Kong, China: Share of central government spending funded by taxes was 48.5% in 2022. ▬ Flat
Share of central government spending funded by taxes in Hong Kong, China, 2002–2022
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for share of central government spending funded by taxes in Hong Kong, China is 48.5%, measured in 2022.
The figure is down 16.0% on the previous year and down 29.1% over ten years.
Over the whole period, share of central government spending funded by taxes in Hong Kong, China peaked at 88.3% in 2007 and was at its lowest, 41.9%, in 2002.
Hong Kong, China ranks 131st of 174 countries on this measure, in the bottom quarter.
Share of central government spending funded by taxes in Hong Kong, China, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 41.9% | — |
| 2003 | 47.3% | +12.9% |
| 2004 | 60.0% | +26.8% |
| 2005 | 67.9% | +13.2% |
| 2006 | 75.6% | +11.3% |
| 2007 | 88.3% | +16.7% |
| 2008 | 68.0% | -23.0% |
| 2009 | 65.3% | -3.9% |
| 2010 | 74.6% | +14.3% |
| 2011 | 71.1% | -4.7% |
| 2012 | 68.4% | -3.8% |
| 2013 | 64.4% | -5.9% |
| 2014 | 80.1% | +24.4% |
| 2015 | 70.8% | -11.6% |
| 2016 | 68.2% | -3.7% |
| 2017 | 73.4% | +7.6% |
| 2018 | 68.1% | -7.3% |
| 2019 | 62.0% | -9.0% |
| 2020 | 43.6% | -29.7% |
| 2021 | 57.8% | +32.5% |
| 2022 | 48.5% | -16.0% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 48.5% is below the median for high income countries, which is 55.2%, 88% of the median. (61 countries reporting)
- Hong Kong, China's 48.5% is below the median for East Asia & Pacific, which is 56.4%, 86% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.3% | 41.9% | 88.3% | 8 |
| 2010s | 70.1% | 62.0% | 80.1% | 10 |
| 2020s | 49.9% | 43.6% | 57.8% | 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 share of central government spending funded by taxes in Hong Kong, China?
- Share of central government spending funded by taxes in Hong Kong, China was 48.5% in 2022, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Hong Kong, China?
- The highest recorded value was 88.3% in 2007.
- What is the lowest share of central government spending funded by taxes recorded in Hong Kong, China?
- The lowest recorded value was 41.9% in 2002.
- How does Hong Kong, China rank for share of central government spending funded by taxes?
- Hong Kong, China ranks 131st out of 174 countries with data for 2022.
- Is share of central government spending funded by taxes rising or falling in Hong Kong, China?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is flat.
- 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 Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.