Taxes less subsidies on products in Hong Kong, China
Hong Kong, China: Taxes less subsidies on products was 10.68 billion current US$ 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 US$.
Analysis
In 2024, taxes less subsidies on products in Hong Kong, China stood at 10.68 billion current US$.
That represents a change of down 4.9% on the previous year and down 0.5% over ten years.
Over the whole period, taxes less subsidies on products in Hong Kong, China peaked at 17.85 billion current US$ in 2021 and was at its lowest, 3.13 billion current US$, in 2002.
That places Hong Kong, China 58th out of 199 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products in Hong Kong, China, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 4.01 billion current US$ | — |
| 2001 | 3.39 billion current US$ | -15.4% |
| 2002 | 3.13 billion current US$ | -7.7% |
| 2003 | 3.27 billion current US$ | +4.4% |
| 2004 | 4.28 billion current US$ | +30.9% |
| 2005 | 4.54 billion current US$ | +6.2% |
| 2006 | 5.19 billion current US$ | +14.4% |
| 2007 | 8.28 billion current US$ | +59.5% |
| 2008 | 7.48 billion current US$ | -9.7% |
| 2009 | 7.06 billion current US$ | -5.7% |
| 2010 | 8.84 billion current US$ | +25.4% |
| 2011 | 8.92 billion current US$ | +0.8% |
| 2012 | 8.20 billion current US$ | -8.1% |
| 2013 | 9.71 billion current US$ | +18.5% |
| 2014 | 10.73 billion current US$ | +10.5% |
| 2015 | 12.31 billion current US$ | +14.7% |
| 2016 | 10.79 billion current US$ | -12.4% |
| 2017 | 14.20 billion current US$ | +31.7% |
| 2018 | 15.03 billion current US$ | +5.8% |
| 2019 | 11.95 billion current US$ | -20.5% |
| 2020 | 13.16 billion current US$ | +10.1% |
| 2021 | 17.85 billion current US$ | +35.7% |
| 2022 | 13.32 billion current US$ | -25.4% |
| 2023 | 11.23 billion current US$ | -15.7% |
| 2024 | 10.68 billion current US$ | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.06 billion current US$ | 3.13 billion current US$ | 8.28 billion current US$ | 10 |
| 2010s | 11.07 billion current US$ | 8.20 billion current US$ | 15.03 billion current US$ | 10 |
| 2020s | 13.25 billion current US$ | 10.68 billion current US$ | 17.85 billion current US$ | 5 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Exports of goods and services (current LCU), annual growth rate 14.99 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.58 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 887,526 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 11.18 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 1.53 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 87,457 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 6.86 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.1694 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 9,652 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 1.32 current LCU per US$ of GDP (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 10.68 billion current US$ 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 17.85 billion current US$ in 2021.
- What is the lowest taxes less subsidies on products recorded in Hong Kong, China?
- The lowest recorded value was 3.13 billion current US$ in 2002.
- How does Hong Kong, China rank for taxes less subsidies on products?
- Hong Kong, China ranks 58th 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 down 0.5%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.