Taxes on incomes of individuals and corporations as share of GDP in Hong Kong
Hong Kong: Taxes on incomes of individuals and corporations as share of GDP was 8.5% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Hong Kong, 1993–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, taxes on incomes of individuals and corporations as share of gdp in Hong Kong stood at 8.5%.
The figure is down 9.8% on the previous year and up 0.4% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Hong Kong peaked at 9.5% in 2022 and was at its lowest, 5.2%, in 1999.
Hong Kong ranks 48th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Hong Kong, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 7.0% | — |
| 1994 | 7.1% | +0.7% |
| 1995 | 6.9% | -2.3% |
| 1996 | 6.8% | -1.8% |
| 1997 | 6.7% | -1.9% |
| 1998 | 5.8% | -13.1% |
| 1999 | 5.2% | -10.1% |
| 2002 | 5.5% | +6.4% |
| 2003 | 6.3% | +14.2% |
| 2004 | 7.3% | +14.8% |
| 2005 | 7.8% | +7.8% |
| 2006 | 7.6% | -3.0% |
| 2007 | 8.0% | +5.8% |
| 2008 | 8.5% | +6.0% |
| 2009 | 7.3% | -14.0% |
| 2010 | 8.0% | +8.9% |
| 2011 | 9.2% | +15.5% |
| 2012 | 8.9% | -3.6% |
| 2013 | 8.5% | -4.1% |
| 2014 | 8.8% | +3.8% |
| 2015 | 8.6% | -3.1% |
| 2016 | 8.2% | -4.7% |
| 2017 | 7.8% | -5.0% |
| 2018 | 8.3% | +7.4% |
| 2019 | 8.3% | -0.4% |
| 2020 | 7.9% | -4.7% |
| 2021 | 8.3% | +4.7% |
| 2022 | 9.5% | +14.5% |
| 2023 | 8.5% | -9.8% |
Hong Kong compared with similar countries
- Hong Kong's 8.5% is below the median for high income countries, which is 10.0%, 85% of the median. (63 countries reporting)
- Hong Kong's 8.5% is above the median for East Asia & Pacific, which is 6.9%, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.5% | 5.2% | 7.1% | 7 |
| 2000s | 7.3% | 5.5% | 8.5% | 8 |
| 2010s | 8.4% | 7.8% | 9.2% | 10 |
| 2020s | 8.5% | 7.9% | 9.5% | 4 |
Countries ranked near Hong Kong
More economy & growth data for Hong Kong
- 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 incomes of individuals and corporations as share of gdp in Hong Kong?
- Taxes on incomes of individuals and corporations as share of gdp in Hong Kong was 8.5% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Hong Kong?
- The highest recorded value was 9.5% in 2022.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Hong Kong?
- The lowest recorded value was 5.2% in 1999.
- How does Hong Kong rank for taxes on incomes of individuals and corporations as share of gdp?
- Hong Kong ranks 48th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Hong Kong?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is rising.
- Where does this Hong Kong 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.