Taxes less subsidies on products (constant LCU), annual growth rate in Hong Kong
Hong Kong: Taxes less subsidies on products (constant LCU), annual growth rate was 29.88 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Hong Kong, 2001–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, taxes less subsidies on products (constant lcu), annual growth rate in Hong Kong stood at 29.88 % change on previous year. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 208.2% on the previous year and up 319.8% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Hong Kong peaked at 29.88 % change on previous year in 2025 and was at its lowest, -16.59 % change on previous year, in 2022.
That places Hong Kong 8th out of 188 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Hong Kong, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | -7.52 % change on previous year | — |
| 2002 | -1.82 % change on previous year | -75.9% |
| 2003 | 4.67 % change on previous year | -356.9% |
| 2004 | 17.05 % change on previous year | +265.3% |
| 2005 | -1.48 % change on previous year | -108.7% |
| 2006 | 7.73 % change on previous year | -621.5% |
| 2007 | 24.92 % change on previous year | +222.3% |
| 2008 | -1.67 % change on previous year | -106.7% |
| 2009 | -4.77 % change on previous year | +185.8% |
| 2010 | 6.26 % change on previous year | -231.2% |
| 2011 | -6.76 % change on previous year | -207.9% |
| 2012 | -10.43 % change on previous year | +54.3% |
| 2013 | -6.45 % change on previous year | -38.2% |
| 2014 | 6.75 % change on previous year | -204.6% |
| 2015 | 7.12 % change on previous year | +5.5% |
| 2016 | -9.06 % change on previous year | -227.3% |
| 2017 | 13.66 % change on previous year | -250.8% |
| 2018 | -3.91 % change on previous year | -128.6% |
| 2019 | -11.27 % change on previous year | +188.2% |
| 2020 | 17.58 % change on previous year | -256.0% |
| 2021 | 22.29 % change on previous year | +26.8% |
| 2022 | -16.59 % change on previous year | -174.4% |
| 2023 | -10.87 % change on previous year | -34.5% |
| 2024 | 9.69 % change on previous year | -189.2% |
| 2025 | 29.88 % change on previous year | +208.2% |
Hong Kong compared with similar countries
- Hong Kong's 29.88 % change on previous year is above the median for high income countries, which is 2.19 % change on previous year, 13.7× the median. (66 countries reporting)
- Hong Kong's 29.88 % change on previous year is above the median for East Asia & Pacific, which is 3.54 % change on previous year, 8.4× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.12 % change on previous year | -7.52 % change on previous year | 24.92 % change on previous year | 9 |
| 2010s | -1.41 % change on previous year | -11.27 % change on previous year | 13.66 % change on previous year | 10 |
| 2020s | 8.66 % change on previous year | -16.59 % change on previous year | 29.88 % change on previous year | 6 |
Countries ranked near Hong Kong
- 5 Trinidad and Tobago 36.29 % change on previous year compare
- 6 Micronesia (country) 35.77 % change on previous year compare
- 7 Aruba 35.33 % change on previous year compare
- 9 Niger 28.7 % change on previous year compare
- 10 Ethiopia 28.12 % change on previous year compare
- 11 Iran 25.06 % change on previous year compare
More economy & growth data for Hong Kong
- 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 taxes less subsidies on products (constant lcu), annual growth rate in Hong Kong?
- Taxes less subsidies on products (constant lcu), annual growth rate in Hong Kong was 29.88 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Hong Kong?
- The highest recorded value was 29.88 % change on previous year in 2025.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Hong Kong?
- The lowest recorded value was -16.59 % change on previous year in 2022.
- How does Hong Kong rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Hong Kong ranks 8th out of 188 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Hong Kong?
- Over the last ten years it is up 319.8%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.