Taxes on income vs. taxes on goods and services in Hong Kong, China
Hong Kong, China: Taxes on income vs. taxes on goods and services was 3.3% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Hong Kong, China, 2002–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, taxes on income vs. taxes on goods and services in Hong Kong, China stood at 3.3%.
Compared with earlier readings it is down 20.1% on the previous year and down 16.0% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Hong Kong, China peaked at 5.5% in 2017 and was at its lowest, 2.4%, in 2002.
That places Hong Kong, China 157th out of 187 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Taxes on income vs. taxes on goods and services in Hong Kong, China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 2.4% | — |
| 2003 | 3.0% | +21.5% |
| 2004 | 3.3% | +11.7% |
| 2005 | 3.2% | -1.6% |
| 2006 | 3.6% | +11.1% |
| 2007 | 5.1% | +40.2% |
| 2008 | 3.6% | -29.8% |
| 2009 | 4.3% | +21.0% |
| 2010 | 4.8% | +11.1% |
| 2011 | 4.2% | -11.7% |
| 2012 | 4.0% | -5.2% |
| 2013 | 3.9% | -2.7% |
| 2014 | 5.4% | +38.8% |
| 2015 | 4.6% | -14.1% |
| 2016 | 4.3% | -7.3% |
| 2017 | 5.5% | +27.0% |
| 2018 | 4.6% | -15.4% |
| 2019 | 4.0% | -13.7% |
| 2020 | 4.8% | +20.7% |
| 2021 | 5.0% | +4.7% |
| 2022 | 4.1% | -18.9% |
| 2023 | 3.3% | -20.1% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 3.3% is below the median for high income countries, which is 10.3%, 32% of the median. (63 countries reporting)
- Hong Kong, China's 3.3% is below the median for East Asia & Pacific, which is 6.0%, 54% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6% | 2.4% | 5.1% | 8 |
| 2010s | 4.5% | 3.9% | 5.5% | 10 |
| 2020s | 4.3% | 3.3% | 5.0% | 4 |
Countries ranked near Hong Kong, China
- 154 Congo, Democratic Republic of the 3.4% compare
- 155 Indonesia 3.4% compare
- 156 Sao Tome and Principe 3.3% compare
- 158 Central African Republic 3.2% compare
- 159 Palestine, State of 3.2% compare
- 160 Tuvalu 3.0% 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 on income vs. taxes on goods and services in Hong Kong, China?
- Taxes on income vs. taxes on goods and services in Hong Kong, China was 3.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Hong Kong, China?
- The highest recorded value was 5.5% in 2017.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Hong Kong, China?
- The lowest recorded value was 2.4% in 2002.
- How does Hong Kong, China rank for taxes on income vs. taxes on goods and services?
- Hong Kong, China ranks 157th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Hong Kong, China?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is rising.
- Where does this Hong Kong, China data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.