Taxes less subsidies on products (current LCU), per unit of GDP in Hong Kong, China
Hong Kong, China: Taxes less subsidies on products (current LCU), per unit of GDP was 0.2041 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (current LCU), per unit of GDP in Hong Kong, China, 2000–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (current lcu), per unit of gdp in Hong Kong, China stood at 0.2041 current LCU per US$ of GDP.
Compared with earlier readings it is down 11.6% on the previous year and down 28.5% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Hong Kong, China peaked at 0.3761 current LCU per US$ of GDP in 2021 and was at its lowest, 0.1467 current LCU per US$ of GDP, in 2002.
That places Hong Kong, China 131st out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP in Hong Kong, China, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2000 | 0.1819 current LCU per US$ of GDP | — |
| 2001 | 0.156 current LCU per US$ of GDP | -14.2% |
| 2002 | 0.1467 current LCU per US$ of GDP | -6.0% |
| 2003 | 0.1576 current LCU per US$ of GDP | +7.4% |
| 2004 | 0.1969 current LCU per US$ of GDP | +25.0% |
| 2005 | 0.1944 current LCU per US$ of GDP | -1.2% |
| 2006 | 0.2085 current LCU per US$ of GDP | +7.2% |
| 2007 | 0.3055 current LCU per US$ of GDP | +46.5% |
| 2008 | 0.2656 current LCU per US$ of GDP | -13.1% |
| 2009 | 0.2555 current LCU per US$ of GDP | -3.8% |
| 2010 | 0.3005 current LCU per US$ of GDP | +17.6% |
| 2011 | 0.2793 current LCU per US$ of GDP | -7.1% |
| 2012 | 0.2421 current LCU per US$ of GDP | -13.3% |
| 2013 | 0.2732 current LCU per US$ of GDP | +12.8% |
| 2014 | 0.2856 current LCU per US$ of GDP | +4.5% |
| 2015 | 0.3085 current LCU per US$ of GDP | +8.0% |
| 2016 | 0.261 current LCU per US$ of GDP | -15.4% |
| 2017 | 0.3244 current LCU per US$ of GDP | +24.3% |
| 2018 | 0.3257 current LCU per US$ of GDP | +0.4% |
| 2019 | 0.2579 current LCU per US$ of GDP | -20.8% |
| 2020 | 0.2959 current LCU per US$ of GDP | +14.7% |
| 2021 | 0.3761 current LCU per US$ of GDP | +27.1% |
| 2022 | 0.2909 current LCU per US$ of GDP | -22.6% |
| 2023 | 0.231 current LCU per US$ of GDP | -20.6% |
| 2024 | 0.2041 current LCU per US$ of GDP | -11.6% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 0.2041 current LCU per US$ of GDP is above the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 1.8× the median. (74 countries reporting)
- Hong Kong, China's 0.2041 current LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.2038 current LCU per US$ of GDP, 1.0× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2069 current LCU per US$ of GDP | 0.1467 current LCU per US$ of GDP | 0.3055 current LCU per US$ of GDP | 10 |
| 2010s | 0.2858 current LCU per US$ of GDP | 0.2421 current LCU per US$ of GDP | 0.3257 current LCU per US$ of GDP | 10 |
| 2020s | 0.2796 current LCU per US$ of GDP | 0.2041 current LCU per US$ of GDP | 0.3761 current LCU per US$ of GDP | 5 |
Countries ranked near Hong Kong, China
- 128 Aruba 0.2299 current LCU per US$ of GDP compare
- 129 Barbados 0.2079 current LCU per US$ of GDP compare
- 130 Saudi Arabia 0.2067 current LCU per US$ of GDP compare
- 132 Tuvalu 0.2035 current LCU per US$ of GDP compare
- 133 Montenegro 0.1947 current LCU per US$ of GDP compare
- 134 Kosovo 0.1901 current LCU per US$ of GDP compare
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 taxes less subsidies on products (current lcu), per unit of gdp in Hong Kong, China?
- Taxes less subsidies on products (current lcu), per unit of gdp in Hong Kong, China was 0.2041 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Hong Kong, China?
- The highest recorded value was 0.3761 current LCU per US$ of GDP in 2021.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Hong Kong, China?
- The lowest recorded value was 0.1467 current LCU per US$ of GDP in 2002.
- How does Hong Kong, China rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Hong Kong, China ranks 131st out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Hong Kong, China?
- Over the last ten years it is down 28.5%. The long-run trend across the full record is rising.
- Where does this Hong Kong, China data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.