Taxes less subsidies on products in Hong Kong, China
Hong Kong, China: Taxes less subsidies on products was 83.34 billion current LCU in 2024. ▲ Rising
Taxes less subsidies on products in Hong Kong, China, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, taxes less subsidies on products in Hong Kong, China stood at 83.34 billion current LCU.
Compared with earlier readings it is down 5.2% on the previous year and up 0.1% over ten years.
Over the whole period, taxes less subsidies on products in Hong Kong, China peaked at 138.76 billion current LCU in 2021 and was at its lowest, 24.41 billion current LCU, in 2002.
Hong Kong, China ranks 92nd of 199 countries on this measure, 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 in Hong Kong, China, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 31.23 billion current LCU | — |
| 2001 | 26.43 billion current LCU | -15.4% |
| 2002 | 24.41 billion current LCU | -7.7% |
| 2003 | 25.43 billion current LCU | +4.2% |
| 2004 | 33.30 billion current LCU | +30.9% |
| 2005 | 35.30 billion current LCU | +6.0% |
| 2006 | 40.35 billion current LCU | +14.3% |
| 2007 | 64.63 billion current LCU | +60.2% |
| 2008 | 58.23 billion current LCU | -9.9% |
| 2009 | 54.69 billion current LCU | -6.1% |
| 2010 | 68.71 billion current LCU | +25.6% |
| 2011 | 69.40 billion current LCU | +1.0% |
| 2012 | 63.58 billion current LCU | -8.4% |
| 2013 | 75.31 billion current LCU | +18.5% |
| 2014 | 83.24 billion current LCU | +10.5% |
| 2015 | 95.43 billion current LCU | +14.7% |
| 2016 | 83.74 billion current LCU | -12.2% |
| 2017 | 110.70 billion current LCU | +32.2% |
| 2018 | 117.83 billion current LCU | +6.4% |
| 2019 | 93.62 billion current LCU | -20.5% |
| 2020 | 102.07 billion current LCU | +9.0% |
| 2021 | 138.76 billion current LCU | +35.9% |
| 2022 | 104.35 billion current LCU | -24.8% |
| 2023 | 87.94 billion current LCU | -15.7% |
| 2024 | 83.34 billion current LCU | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.40 billion current LCU | 24.41 billion current LCU | 64.63 billion current LCU | 10 |
| 2010s | 86.16 billion current LCU | 63.58 billion current LCU | 117.83 billion current LCU | 10 |
| 2020s | 103.29 billion current LCU | 83.34 billion current LCU | 138.76 billion current LCU | 5 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Households and NPISHs Final consumption expenditure (current LCU) 2.87 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 5.16 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 294,175 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.67 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.541 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 30,830 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 2.95 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7878 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 44,892 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 2.86 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products in Hong Kong, China?
- Taxes less subsidies on products in Hong Kong, China was 83.34 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Hong Kong, China?
- The highest recorded value was 138.76 billion current LCU in 2021.
- What is the lowest taxes less subsidies on products recorded in Hong Kong, China?
- The lowest recorded value was 24.41 billion current LCU in 2002.
- How does Hong Kong, China rank for taxes less subsidies on products?
- Hong Kong, China ranks 92nd out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Hong Kong, China?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Hong Kong, China data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.