Hong Kong SAR, China Household Debt: % of GDP

1982 - 2025 | Quarterly | % | CEIC Data

Key information about Hong Kong SAR (China) Household Debt: % of GDP

  • Hong Kong SAR (China) household debt accounted for 87.6 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 87.4 % in the previous quarter.
  • Hong Kong SAR (China) household debt to GDP ratio is updated quarterly, available from Mar 1982 to Dec 2025.
  • The data reached an all-time high of 96.2 % in Mar 2023 and a record low of 14.6 % in Jun 1982.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Hong Kong Monetary Authority provides Household Debt in local currency. Census and Statistics Department provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans. Household Debt prior to Q4 2018 excludes Working Capital Loans.


Related information about Hong Kong SAR (China) Household Debt: % of GDP

  • In the latest reports, Hong Kong SAR (China) Household Debt reached 374.8 USD bn in Dec 2025.
  • Money Supply M2 in Hong Kong SAR (China) increased 9.9 % YoY in Jan 2026.
  • Hong Kong SAR (China) Foreign Exchange Reserves was measured at 435.3 USD bn in Jan 2026.
  • The Foreign Exchange Reserves equaled 6.6 Months of Import in Oct 2025.
  • Hong Kong SAR (China) Domestic Credit reached 1,050.6 USD bn in Dec 2025, representing an increased of 3.6 % YoY.
  • The country's Non Performing Loans Ratio stood at 2.2 % in Dec 2025, compared with the ratio of 2.1 % in the previous quarter.

View Hong Kong SAR, China's Household Debt: % of GDP from Mar 1982 to Dec 2025 in the chart:

Hong Kong SAR, China Household Debt: % of GDP

What was Hong Kong SAR, China's Household Debt: % of GDP in Dec 2025?

Hong Kong SAR (China) household debt accounted for 87.6 % of the country's Nominal GDP in Dec 2025, compared with the ratio of 87.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
87.6 Dec 2025 87.4 Sep 2025 14.6 Jun 1982 96.2 Mar 2023 % quarterly Mar 1982 - Dec 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 14.3 Mar 2026 quarterly Sep 2007 - Mar 2026
Argentina (%) 6.7 Mar 2026 quarterly Dec 2004 - Mar 2026
Armenia (%) 33.9 Mar 2026 quarterly Dec 2000 - Mar 2026
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Azerbaijan (%) 15.0 Mar 2026 quarterly Mar 2005 - Mar 2026
Belarus (%) 10.4 Mar 2026 quarterly Dec 2006 - Mar 2026
Belgium (%) 58.3 Dec 2025 quarterly Dec 1992 - Dec 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 26.2 Mar 2026 quarterly Dec 2008 - Mar 2026
Botswana (%) 21.3 Dec 2025 quarterly Dec 2002 - Dec 2025
Brunei (%) 15.5 Mar 2026 quarterly Mar 2011 - Mar 2026
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 25.3 2025 yearly 2008 - 2025
Canada (%) 99.1 Mar 2026 quarterly Mar 1969 - Mar 2026
Chile (%) 37.0 Mar 2026 quarterly Mar 2009 - Mar 2026
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Sep 2025 quarterly Dec 2015 - Sep 2025
Croatia (%) 33.8 Dec 2025 quarterly Dec 1995 - Dec 2025
Cyprus (%) 68.2 2025 yearly 1995 - 2025
Czech Republic (%) 33.5 Dec 2025 quarterly Mar 2004 - Dec 2025
Denmark (%) 88.1 2024 yearly 1994 - 2024
Ecuador (%) 35.5 Mar 2026 quarterly Mar 2007 - Mar 2026
Egypt (%) 7.3 Mar 2026 quarterly Dec 2002 - Mar 2026
Estonia (%) 40.5 Mar 2026 quarterly Dec 2003 - Mar 2026
European Union (%) 50.4 Dec 2025 quarterly Mar 1999 - Dec 2025
Finland (%) 72.7 2025 yearly 1995 - 2025
France (%) 58.9 2025 yearly 1977 - 2025
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 48.7 Dec 2025 quarterly Dec 1991 - Dec 2025
Greece (%) 45.9 Dec 2025 quarterly Dec 1997 - Dec 2025
Hong Kong SAR, China (%) 87.6 Dec 2025 quarterly Mar 1982 - Dec 2025
Hungary (%) 21.8 Mar 2026 quarterly Dec 1995 - Mar 2026
Iceland (%) 69.6 Mar 2026 quarterly Dec 1995 - Mar 2026
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 14.8 Mar 2026 quarterly Dec 2010 - Mar 2026
Ireland (%) 24.6 Dec 2025 quarterly Mar 2002 - Dec 2025
Israel (%) 42.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Italy (%) 47.0 Dec 2025 quarterly Dec 1995 - Dec 2025
Japan (%) 61.2 Dec 2025 quarterly Dec 1997 - Dec 2025
Jordan (%) 69.5 Mar 2026 quarterly Mar 2002 - Mar 2026
Kazakhstan (%) 66.7 Dec 2025 quarterly Dec 1997 - Dec 2025
South Korea (%) 88.6 Mar 2026 quarterly Dec 2002 - Mar 2026
Kosovo (%) 25.4 Dec 2025 quarterly Dec 2010 - Dec 2025
Kuwait (%) 1.1 Dec 2025 quarterly Dec 2010 - Dec 2025
Kyrgyzstan (%) 12.3 Mar 2026 quarterly Dec 2000 - Mar 2026
Latvia (%) 23.1 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 29.9 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 58.2 Mar 2026 quarterly Dec 1995 - Mar 2026
Macau SAR, China (%) 70.9 Mar 2026 quarterly Dec 2001 - Mar 2026
North Macedonia (%) 26.8 Mar 2026 quarterly Mar 2003 - Mar 2026
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.7 2025 yearly 2002 - 2025
Malta (%) 48.5 Dec 2025 quarterly Mar 2004 - Dec 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.4 Mar 2026 quarterly Dec 2000 - Mar 2026
Mongolia (%) 28.5 Mar 2026 quarterly Mar 2004 - Mar 2026
Montenegro (%) 30.0 Mar 2026 quarterly Mar 2007 - Mar 2026
Morocco (%) 21.2 2025 yearly 2001 - 2025
Netherlands (%) 98.0 Mar 2026 quarterly Mar 1999 - Mar 2026
New Zealand (%) 91.1 Dec 2025 quarterly Dec 1990 - Dec 2025
Norway (%) 89.5 Mar 2026 quarterly Dec 1995 - Mar 2026
Panama (%) 37.8 Dec 2025 quarterly Dec 2007 - Dec 2025
Peru (%) 14.8 Mar 2026 quarterly Mar 2001 - Mar 2026
Philippines (%) 13.6 Dec 2025 quarterly Mar 2008 - Dec 2025
Poland (%) 22.4 Dec 2025 quarterly Dec 2003 - Dec 2025
Portugal (%) 56.8 Mar 2026 quarterly Dec 2007 - Mar 2026
Romania (%) 15.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Russia (%) 18.7 Mar 2026 quarterly Dec 2000 - Mar 2026
Saudi Arabia (%) 10.6 Mar 2026 quarterly Dec 2003 - Mar 2026
Serbia (%) 19.1 Mar 2026 quarterly Dec 2003 - Mar 2026
Singapore (%) 51.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Slovakia (%) 46.3 Sep 2025 quarterly Mar 2004 - Sep 2025
Slovenia (%) 28.3 Mar 2026 quarterly Mar 2004 - Mar 2026
South Africa (%) 41.1 Mar 2026 quarterly Mar 1969 - Mar 2026
Spain (%) 46.7 Mar 2026 quarterly Dec 1989 - Mar 2026
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 84.9 Mar 2026 quarterly Mar 1996 - Mar 2026
Switzerland (%) 125.1 2025 yearly 1999 - 2025
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan, China (%) 94.3 2024 yearly 2000 - 2024
Thailand (%) 85.9 Mar 2026 quarterly Mar 2003 - Mar 2026
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.5 Dec 2025 quarterly Dec 2014 - Dec 2025
Ukraine (%) 4.1 Dec 2025 quarterly Dec 2002 - Dec 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 77.0 Mar 2026 quarterly Mar 1987 - Mar 2026
United States (%) 60.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Uruguay (%) 12.3 Mar 2026 quarterly Dec 2005 - Mar 2026
Venezuela (%) 3.4 2017 yearly 2004 - 2017

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.3 Mar 2026 quarterly Mar 1997 - Mar 2026
Consolidated Fiscal Balance (USD mn) -1,705.639 May 2026 monthly Oct 1998 - May 2026
Tax Revenue (USD mn) 28,775.452 Dec 2025 quarterly Sep 1979 - Dec 2025
Tax Revenue: % of GDP (%) 21.3 Mar 2026 quarterly Sep 1979 - Mar 2026
National Government Debt (USD mn) 190,786.0 2025 yearly 2003 - 2025
Government Debt: % of GDP (%) 46.1 2025 yearly 2003 - 2025
Forecast: Government Expenditure (HKD bn) 948.778 2032 yearly 1982 - 2032
Forecast: Government Net Debt (HKD bn) 885.007 2032 yearly 2005 - 2032
Forecast: Government Revenue (HKD bn) 915.226 2032 yearly 1982 - 2032
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.665 2031 yearly 1980 - 2031
Trade Balance (USD mn) -5,640.2 May 2026 monthly Jan 1957 - May 2026
Total Exports (USD mn) 78,029.6 May 2026 monthly Jan 1957 - May 2026
Total Exports Growth (%) 40.8 May 2026 monthly Jan 1953 - May 2026
Aluminum: Exports (USD th) 177,416.639 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,673,525.616 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 274,107.048 2025 yearly 1995 - 2025
Total Imports (USD mn) 83,669.8 May 2026 monthly Jan 1957 - May 2026
Total Imports Growth (%) 42.0 May 2026 monthly Jan 1953 - May 2026
Imports: Medicament (USD th) 2,934,081.544 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 828,069.701 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 4,719.509 May 2026 monthly Apr 1964 - May 2026
Total Imports from USA (USD mn) 2,604.438 May 2026 monthly Apr 1964 - May 2026
Total Exports to China (USD mn) 48,528.490 May 2026 monthly Apr 1964 - May 2026
Total Imports from China (USD mn) 38,778.880 May 2026 monthly Apr 1964 - May 2026
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 29,920.4 Mar 2026 quarterly Mar 1999 - Mar 2026
Current Account Balance (USD mn) 4,664.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Current Account Balance: % of GDP (%) 4.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Direct Investment (USD mn) 44,529.1 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Direct Investment: % of GDP (%) 41.2 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Portfolio Investment (USD mn) 1,859.289 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 1.7 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) -4,413.7 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 6,272.974 Mar 2026 quarterly Mar 1999 - Mar 2026
External Debt (USD mn) 2,121,220.9 Mar 2026 quarterly Mar 2001 - Mar 2026
External Debt: % of GDP (%) 481.9 2025 yearly 2001 - 2025
External Debt: Short Term (USD mn) 1,291,459.3 Mar 2026 quarterly Mar 2001 - Mar 2026
External Debt: Short Term: % of GDP (%) 289.2 2025 yearly 2001 - 2025
Forecast: Current Account Balance (USD bn) 64.227 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 2,353,134.439 Mar 2026 quarterly Mar 2010 - Mar 2026
BoP: FA: Portfolio Investment (PI) (HKD mn) 533,439.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Goods: Debit (HKD mn) 1,813,380.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Goods (HKD mn) -92,809.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Net Errors and Omissions (HKD mn) 39,021.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: PInc: Debit (HKD mn) 430,237.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: DI: Assets (AS) (HKD mn) 233,774.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Current Account (CA) (HKD mn) 36,443.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Current Account: Credit (HKD mn) 2,505,352.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Capital Account (HKD mn) -38.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Secondary Income (SInc) (HKD mn) -5,846.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CFA: Reserve Assets (HKD mn) 35,155.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: Other investment (OI) (HKD mn) -421,130.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Services: Debit (HKD mn) 195,802.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: Financial Derivatives (FD) (HKD mn) -34,854.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: FD: Liabilities (HKD mn) -144,883.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Overall Balance (HKD mn) 35,155.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: PInc: Credit (HKD mn) 529,606.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: OI: Assets (HKD mn) 21,079.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Capital Account: Debit (HKD mn) 42.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Current Account: Debit (HKD mn) 2,468,908.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: Direct Investment (DI) (HKD mn) -114,141.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: DI: Liabilities (LB) (HKD mn) 207,995.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: SInc: Debit (HKD mn) 11,889.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Services: Credit (HKD mn) 249,131.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: FD: Assets (HKD mn) -179,737.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: PI: Liabilities (LB) (HKD mn) 14,527.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: Capital Account: Credit (HKD mn) 5.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Services (HKD mn) 37,865.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Financial Account (FA) (HKD mn) -1,532.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: FA: OI: Liabilities (HKD mn) 442,210.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: SInc: Credit (HKD mn) 7,090.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: PI: Assets (AS) (HKD mn) 547,966.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Primary Income (PInc) (HKD mn) 81,769.000 Mar 2026 quarterly Mar 1999 - Mar 2026
BoP: CA: Goods: Credit (HKD mn) 1,720,571.000 Mar 2026 quarterly Mar 1999 - Mar 2026
External Debt (ED): Total (HKD mn) 16,630,372.000 Mar 2026 quarterly Mar 2002 - Mar 2026
International Investment Position (IIP): Assets (HKD mn) 60,597,565.000 Mar 2026 quarterly Mar 2010 - Mar 2026
IIP: Net (HKD mn) 19,509,744.000 Dec 2025 quarterly Mar 2010 - Dec 2025
IIP: Liabilities (HKD mn) 42,148,991.000 Mar 2026 quarterly Mar 2010 - Mar 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.1 Mar 2026 quarterly Mar 1997 - Mar 2026
Household Debt: % of GDP (%) 87.6 Dec 2025 quarterly Mar 1982 - Dec 2025
Money Supply M1 (USD mn) 233,369.377 May 2026 monthly Jan 1985 - May 2026
Money Supply M2 (USD mn) 2,757,795.198 May 2026 monthly Dec 1980 - May 2026
M2 Growth (%) 9.9 May 2026 monthly Dec 1981 - May 2026
Foreign Exchange Reserves (USD mn) 445,553.0 May 2026 monthly Apr 2000 - May 2026
Foreign Exchange Reserves: % of GDP (%) 99.609 Mar 2026 quarterly Jun 2000 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 303.000 May 2026 monthly Dec 1990 - May 2026
Total Deposits (USD mn) 2,599,152.316 May 2026 monthly Jan 1991 - May 2026
Total Deposits Growth (%) 9.9 May 2026 monthly Jan 1992 - May 2026
Domestic Credit (USD mn) 1,113,249.7 Mar 2026 monthly Dec 1990 - Mar 2026
Domestic Credit Growth (%) 10.9 Mar 2026 monthly Dec 1991 - Mar 2026
Debt Service Ratio: Private Non-Financial Sector (%) 34.000 Sep 2025 quarterly Mar 1999 - Sep 2025
Credit to Households (USD bn) 370.111 Sep 2025 quarterly Dec 1990 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 1,404.225 Dec 2025 quarterly Dec 1978 - Dec 2025
Household Debt (USD mn) 381,945.7 Mar 2026 quarterly Mar 1982 - Mar 2026
Total Loans (USD mn) 1,358,516.731 May 2026 monthly Dec 1978 - May 2026
Total Loans Growth (%) 5.96 May 2026 monthly Dec 1979 - May 2026
Private Debt: % of Nominal GDP (%) 188.87 Mar 2026 quarterly Dec 1973 - Mar 2026
Deposits: Renminbi: Total Outstandings (RMB mn) 554,316.75 Mar 2018 monthly Feb 2004 - Mar 2018
HK: Loans & Advances: Total (HKD mn) 9,652,390.44 Mar 2018 monthly Dec 1978 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Jun 2026 quarterly Mar 2009 - Jun 2026
BTS: Expected Changes: BS: sa: Retail (%) -3.000 Jun 2026 quarterly Mar 2008 - Jun 2026
BTS: Expected Changes: Business Situation (BS): sa (%) -5.000 Jun 2026 quarterly Mar 2008 - Jun 2026

More Indicators for Hong Kong SAR, China

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data