Taxes less subsidies on products (current US$), per unit of GDP in Hong Kong, China
Hong Kong, China: Taxes less subsidies on products (current US$), per unit of GDP was 0.0262 current US$ per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (current US$), per unit of GDP in Hong Kong, China, 2000–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Hong Kong, China recorded 0.0262 current US$ per US$ of GDP for taxes less subsidies on products (current us$), per unit of gdp in 2024.
That represents a change of down 11.3% on the previous year and down 29.0% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Hong Kong, China peaked at 0.0484 current US$ per US$ of GDP in 2021 and was at its lowest, 0.0188 current US$ per US$ of GDP, in 2002.
That places Hong Kong, China 175th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP in Hong Kong, China, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2000 | 0.0234 current US$ per US$ of GDP | — |
| 2001 | 0.02 current US$ per US$ of GDP | -14.3% |
| 2002 | 0.0188 current US$ per US$ of GDP | -6.0% |
| 2003 | 0.0202 current US$ per US$ of GDP | +7.6% |
| 2004 | 0.0253 current US$ per US$ of GDP | +24.9% |
| 2005 | 0.025 current US$ per US$ of GDP | -1.1% |
| 2006 | 0.0268 current US$ per US$ of GDP | +7.3% |
| 2007 | 0.0392 current US$ per US$ of GDP | +45.9% |
| 2008 | 0.0341 current US$ per US$ of GDP | -12.9% |
| 2009 | 0.033 current US$ per US$ of GDP | -3.4% |
| 2010 | 0.0387 current US$ per US$ of GDP | +17.4% |
| 2011 | 0.0359 current US$ per US$ of GDP | -7.2% |
| 2012 | 0.0312 current US$ per US$ of GDP | -13.0% |
| 2013 | 0.0352 current US$ per US$ of GDP | +12.9% |
| 2014 | 0.0368 current US$ per US$ of GDP | +4.6% |
| 2015 | 0.0398 current US$ per US$ of GDP | +8.0% |
| 2016 | 0.0336 current US$ per US$ of GDP | -15.5% |
| 2017 | 0.0416 current US$ per US$ of GDP | +23.8% |
| 2018 | 0.0416 current US$ per US$ of GDP | -0.2% |
| 2019 | 0.0329 current US$ per US$ of GDP | -20.8% |
| 2020 | 0.0381 current US$ per US$ of GDP | +15.9% |
| 2021 | 0.0484 current US$ per US$ of GDP | +26.8% |
| 2022 | 0.0372 current US$ per US$ of GDP | -23.2% |
| 2023 | 0.0295 current US$ per US$ of GDP | -20.6% |
| 2024 | 0.0262 current US$ per US$ of GDP | -11.3% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 0.0262 current US$ per US$ of GDP is below the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 28% of the median. (74 countries reporting)
- Hong Kong, China's 0.0262 current US$ per US$ of GDP is below the median for East Asia & Pacific, which is 0.0669 current US$ per US$ of GDP, 39% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0266 current US$ per US$ of GDP | 0.0188 current US$ per US$ of GDP | 0.0392 current US$ per US$ of GDP | 10 |
| 2010s | 0.0367 current US$ per US$ of GDP | 0.0312 current US$ per US$ of GDP | 0.0416 current US$ per US$ of GDP | 10 |
| 2020s | 0.0359 current US$ per US$ of GDP | 0.0262 current US$ per US$ of GDP | 0.0484 current US$ per US$ of GDP | 5 |
Countries ranked near Hong Kong, China
- 172 Turkmenistan 0.0279 current US$ per US$ of GDP compare
- 173 Eritrea 0.0278 current US$ per US$ of GDP compare
- 174 Bhutan 0.0266 current US$ per US$ of GDP compare
- 176 Switzerland 0.0261 current US$ per US$ of GDP compare
- 177 Niger 0.026 current US$ per US$ of GDP compare
- 178 Haiti 0.025 current US$ 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 us$), per unit of gdp in Hong Kong, China?
- Taxes less subsidies on products (current us$), per unit of gdp in Hong Kong, China was 0.0262 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Hong Kong, China?
- The highest recorded value was 0.0484 current US$ per US$ of GDP in 2021.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Hong Kong, China?
- The lowest recorded value was 0.0188 current US$ per US$ of GDP in 2002.
- How does Hong Kong, China rank for taxes less subsidies on products (current us$), per unit of gdp?
- Hong Kong, China ranks 175th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Hong Kong, China?
- Over the last ten years it is down 29.0%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.