Taxes less subsidies on products (current US$), annual growth rate in Hong Kong, China
Hong Kong, China: Taxes less subsidies on products (current US$), annual growth rate was -4.92 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Hong Kong, China, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Hong Kong, China recorded -4.92 % change on previous year for taxes less subsidies on products (current us$), annual growth rate in 2024.
The figure is up 68.7% on the previous year and down 146.7% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Hong Kong, China peaked at 59.5 % change on previous year in 2007 and was at its lowest, -25.35 % change on previous year, in 2022.
Hong Kong, China ranks 181st of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Hong Kong, China, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | -15.45 % change on previous year | — |
| 2002 | -7.67 % change on previous year | -50.3% |
| 2003 | 4.35 % change on previous year | -156.7% |
| 2004 | 30.92 % change on previous year | +610.8% |
| 2005 | 6.18 % change on previous year | -80.0% |
| 2006 | 14.42 % change on previous year | +133.4% |
| 2007 | 59.5 % change on previous year | +312.5% |
| 2008 | -9.73 % change on previous year | -116.4% |
| 2009 | -5.66 % change on previous year | -41.8% |
| 2010 | 25.35 % change on previous year | -547.8% |
| 2011 | 0.8175 % change on previous year | -96.8% |
| 2012 | -8.07 % change on previous year | -1087.0% |
| 2013 | 18.47 % change on previous year | -328.9% |
| 2014 | 10.55 % change on previous year | -42.9% |
| 2015 | 14.69 % change on previous year | +39.3% |
| 2016 | -12.37 % change on previous year | -184.2% |
| 2017 | 31.66 % change on previous year | -356.0% |
| 2018 | 5.82 % change on previous year | -81.6% |
| 2019 | -20.51 % change on previous year | -452.3% |
| 2020 | 10.12 % change on previous year | -149.4% |
| 2021 | 35.67 % change on previous year | +252.3% |
| 2022 | -25.35 % change on previous year | -171.1% |
| 2023 | -15.71 % change on previous year | -38.1% |
| 2024 | -4.92 % change on previous year | -68.7% |
Hong Kong, China compared with similar countries
- Hong Kong, China's -4.92 % change on previous year is below the median for high income countries, which is 8.9 % change on previous year. (74 countries reporting)
- Hong Kong, China's -4.92 % change on previous year is below the median for East Asia & Pacific, which is 2.09 % change on previous year. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.54 % change on previous year | -15.45 % change on previous year | 59.5 % change on previous year | 9 |
| 2010s | 6.64 % change on previous year | -20.51 % change on previous year | 31.66 % change on previous year | 10 |
| 2020s | -0.0378 % change on previous year | -25.35 % change on previous year | 35.67 % change on previous year | 5 |
Countries ranked near Hong Kong, China
- 178 Bolivia, Plurinational State of -3.49 % change on previous year compare
- 179 French Polynesia -3.53 % change on previous year compare
- 180 Tonga -3.74 % change on previous year compare
- 182 Papua New Guinea -5.17 % change on previous year compare
- 183 Isle of Man -5.38 % change on previous year compare
- 184 Kiribati -7.81 % change on previous year 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 us$), annual growth rate in Hong Kong, China?
- Taxes less subsidies on products (current us$), annual growth rate in Hong Kong, China was -4.92 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Hong Kong, China?
- The highest recorded value was 59.5 % change on previous year in 2007.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Hong Kong, China?
- The lowest recorded value was -25.35 % change on previous year in 2022.
- How does Hong Kong, China rank for taxes less subsidies on products (current us$), annual growth rate?
- Hong Kong, China ranks 181st out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Hong Kong, China?
- Over the last ten years it is down 146.7%. The long-run trend across the full record is volatile.
- 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.