Hong Kong SAR, China Private Consumption: % of GDP

1973 - 2025 | Quarterly | % | CEIC Data

Key information about Hong Kong SAR (China) Private Consumption: % of GDP

  • Hong Kong SAR (China) Private Consumption accounted for 66.0 % of its Nominal GDP in Dec 2025, compared with a ratio of 63.5 % in the previous quarter.
  • Hong Kong SAR (China) Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1973 to Dec 2025, with an average share of 62.3 %.
  • The data reached an all-time high of 75.3 % in Jun 2023 and a record low of 53.0 % in Sep 1989.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Census and Statistics Department provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Private Consumption: % of GDP

  • In the latest reports, Hong Kong SAR (China) GDP expanded 3.9 % YoY in Sep 2025.
  • Its Nominal GDP reached 109.2 USD bn in Sep 2025.
  • Hong Kong SAR (China) GDP Per Capita reached 54,081.5 USD in Dec 2024.
  • Its Gross Savings Rate was measured at 28.3 % in Sep 2025.

View Hong Kong SAR, China's Private Consumption: % of GDP from Mar 1973 to Dec 2025 in the chart:

Hong Kong SAR, China Private Consumption: % of GDP

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

Hong Kong SAR (China) Private Consumption accounted for 66.0 % of its Nominal GDP in Dec 2025, compared with a ratio of 63.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
66.0 Dec 2025 63.5 Sep 2025 53.0 Sep 1989 75.3 Jun 2023 % quarterly Mar 1973 - Dec 2025

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 70.4 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (%) 41.3 2024 yearly 1950 - 2024
Argentina (%) 67.7 Dec 2025 quarterly Mar 1993 - Dec 2025
Armenia (%) 64.6 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 52.0 Dec 2025 quarterly Sep 1959 - Dec 2025
Austria (%) 51.2 Mar 2026 quarterly Mar 1988 - Mar 2026
Azerbaijan (%) 57.9 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (%) 39.8 2024 yearly 1975 - 2024
Bangladesh (%) 72.2 2025 yearly 1973 - 2025
Belarus (%) 53.5 Dec 2025 quarterly Mar 1994 - Dec 2025
Belgium (%) 51.4 Mar 2026 quarterly Mar 1980 - Mar 2026
Bolivia (%) 79.6 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 65.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Botswana (%) 47.1 Dec 2025 quarterly Mar 2006 - Dec 2025
Brazil (%) 63.2 Mar 2026 quarterly Mar 1996 - Mar 2026
Brunei (%) 31.4 Dec 2025 quarterly Mar 2004 - Dec 2025
Bulgaria (%) 56.7 Jun 2025 quarterly Mar 1995 - Jun 2025
Cambodia (%) 60.8 2022 yearly 1993 - 2022
Canada (%) 55.8 Dec 2025 quarterly Mar 1961 - Dec 2025
Chile (%) 58.5 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 40.0 2024 yearly 1952 - 2024
Colombia (%) 72.8 Mar 2026 quarterly Mar 2005 - Mar 2026
Croatia (%) 60.1 Dec 2025 quarterly Mar 1995 - Dec 2025
Cyprus (%) 60.0 Mar 2026 quarterly Mar 1995 - Mar 2026
Czech Republic (%) 46.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 45.2 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (%) 64.1 Jun 2025 quarterly Mar 1991 - Jun 2025
Egypt (%) 94.1 Dec 2025 quarterly Sep 2001 - Dec 2025
Estonia (%) 52.5 Dec 2025 quarterly Mar 1993 - Dec 2025
European Union (%) 51.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Finland (%) 49.9 Dec 2025 quarterly Mar 1975 - Dec 2025
France (%) 54.5 Mar 2026 quarterly Mar 1980 - Mar 2026
Georgia (%) 73.3 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 51.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 83.0 2024 yearly 2006 - 2024
Greece (%) 68.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 66.0 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (%) 53.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Iceland (%) 49.1 Mar 2026 quarterly Mar 1995 - Mar 2026
India (%) 57.5 Dec 2025 quarterly Jun 1996 - Dec 2025
Indonesia (%) 55.8 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (%) 55.2 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (%) 30.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 47.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (%) 58.7 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) 67.4 2024 yearly 1960 - 2024
Japan (%) 52.2 Mar 2026 quarterly Mar 1955 - Mar 2026
Jordan (%) 73.6 2023 yearly 1962 - 2023
Kazakhstan (%) 54.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 76.3 2025 yearly 1969 - 2025
South Korea (%) 46.6 Dec 2025 quarterly Mar 1960 - Dec 2025
Kosovo (%) 88.2 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 41.6 2024 yearly 1962 - 2024
Kyrgyzstan (%) 90.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 53.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Lebanon (%) 110.7 2024 yearly 2004 - 2024
Lithuania (%) 53.3 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 33.8 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 28.7 Dec 2025 quarterly Mar 1998 - Dec 2025
North Macedonia (%) 68.5 Jun 2025 quarterly Mar 2000 - Jun 2025
Malawi (%) 85.2 2023 yearly 1960 - 2023
Malaysia (%) 61.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Malta (%) 45.0 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 71.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Mexico (%) 70.8 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 85.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Mongolia (%) 51.2 Mar 2026 quarterly Mar 2010 - Mar 2026
Montenegro (%) 87.4 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 58.0 Dec 2025 quarterly Mar 2007 - Dec 2025
Mozambique (%) 73.9 2024 yearly 1969 - 2024
Nepal (%) 86.2 2025 yearly 1975 - 2025
Netherlands (%) 43.2 Mar 2026 quarterly Mar 1977 - Mar 2026
New Zealand (%) 57.3 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 47.0 2024 yearly 1981 - 2024
Norway (%) 40.2 Mar 2026 quarterly Mar 1978 - Mar 2026
Oman (%) 39.1 2024 yearly 1980 - 2024
Pakistan (%) 83.6 2025 yearly 1967 - 2025
Palestinian Territory (%) 86.3 Dec 2025 quarterly Mar 2011 - Dec 2025
Panama (%) 47.3 2023 yearly 1996 - 2023
Paraguay (%) 66.4 Dec 2025 quarterly Mar 1994 - Dec 2025
Peru (%) 57.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Philippines (%) 78.6 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (%) 62.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Portugal (%) 63.6 Mar 2026 quarterly Mar 1995 - Mar 2026
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 64.3 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 47.4 Dec 2025 quarterly Mar 1993 - Dec 2025
Saudi Arabia (%) 45.5 Dec 2025 quarterly Mar 2003 - Dec 2025
Serbia (%) 66.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (%) 31.1 2025 yearly 1960 - 2025
Slovakia (%) 58.5 Jun 2025 quarterly Mar 1993 - Jun 2025
Slovenia (%) 52.6 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (%) 68.0 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 58.0 Mar 2026 quarterly Mar 1980 - Mar 2026
Sri Lanka (%) 65.0 Dec 2025 quarterly Mar 2010 - Dec 2025
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 45.8 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (%) 49.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Syria (%) 114.8 2022 yearly 1970 - 2022

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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) -6,559.335 Mar 2026 monthly Oct 1998 - Mar 2026
Tax Revenue (USD mn) 28,775.452 Dec 2025 quarterly Sep 1979 - Dec 2025
Tax Revenue: % of GDP (%) 25.4 Dec 2025 quarterly Sep 1979 - Dec 2025
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) -3,763.8 Apr 2026 monthly Jan 1957 - Apr 2026
Total Exports (USD mn) 79,261.2 Apr 2026 monthly Jan 1957 - Apr 2026
Total Exports Growth (%) 42.9 Apr 2026 monthly Jan 1953 - Apr 2026
Aluminum: Exports (USD th) 177,416.639 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 1,714,519.261 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 346,742.409 2024 yearly 1995 - 2024
Total Imports (USD mn) 83,025.0 Apr 2026 monthly Jan 1957 - Apr 2026
Total Imports Growth (%) 44.4 Apr 2026 monthly Jan 1953 - Apr 2026
Imports: Medicament (USD th) 2,887,691.952 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 917,283.629 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,906.390 Apr 2026 monthly Apr 1964 - Apr 2026
Total Imports from USA (USD mn) 2,726.046 Apr 2026 monthly Apr 1964 - Apr 2026
Total Exports to China (USD mn) 49,358.819 Apr 2026 monthly Apr 1964 - Apr 2026
Total Imports from China (USD mn) 37,788.172 Apr 2026 monthly Apr 1964 - Apr 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) 11,913.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance (USD mn) 12,214.7 Dec 2025 quarterly Mar 1999 - Dec 2025
Current Account Balance: % of GDP (%) 10.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Direct Investment (USD mn) 26,742.9 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Direct Investment: % of GDP (%) 23.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment (USD mn) 8,113.077 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 7.2 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 676.8 Dec 2025 quarterly Mar 1999 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 7,436.259 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt (USD mn) 2,062,658.4 Dec 2025 quarterly Mar 2001 - Dec 2025
External Debt: % of GDP (%) 481.9 2025 yearly 2001 - 2025
External Debt: Short Term (USD mn) 1,237,819.8 Dec 2025 quarterly Mar 2001 - Dec 2025
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) 2,506,615.960 Dec 2025 quarterly Mar 2010 - Dec 2025
BoP: CA: Goods (HKD mn) -32,458.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Portfolio Investment (PI) (HKD mn) 83,884.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: PInc: Debit (HKD mn) 430,237.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Goods: Debit (HKD mn) 1,635,055.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account: Credit (HKD mn) 2,366,632.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Secondary Income (SInc) (HKD mn) -4,791.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account (CA) (HKD mn) 93,872.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: DI: Assets (AS) (HKD mn) 92,661.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CFA: Reserve Assets (HKD mn) 46,475.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Net Errors and Omissions (HKD mn) 39,021.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: FD: Liabilities (HKD mn) -130,665.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Financial Derivatives (FD) (HKD mn) 2,073.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Other investment (OI) (HKD mn) 115,527.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: PInc: Credit (HKD mn) 523,493.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Overall Balance (HKD mn) 46,475.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account (HKD mn) -268.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services: Debit (HKD mn) 195,587.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: SInc: Debit (HKD mn) 11,881.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: OI: Assets (HKD mn) 437,300.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account: Debit (HKD mn) 271.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Current Account: Debit (HKD mn) 2,272,760.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services: Credit (HKD mn) 233,452.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: Direct Investment (DI) (HKD mn) -115,334.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Financial Account (FA) (HKD mn) 132,625.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: DI: Liabilities (LB) (HKD mn) 207,995.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: Capital Account: Credit (HKD mn) 3.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: PI: Liabilities (LB) (HKD mn) 63,100.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Primary Income (PInc) (HKD mn) 93,256.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Goods: Credit (HKD mn) 1,602,597.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: Services (HKD mn) 37,865.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: CA: SInc: Credit (HKD mn) 7,090.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: FD: Assets (HKD mn) -128,592.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: PI: Assets (AS) (HKD mn) 146,985.000 Dec 2025 quarterly Mar 1999 - Dec 2025
BoP: FA: OI: Liabilities (HKD mn) 321,773.000 Dec 2025 quarterly Mar 1999 - Dec 2025
External Debt (ED): Total (HKD mn) 16,054,289.000 Dec 2025 quarterly Mar 2002 - Dec 2025
International Investment Position (IIP): Assets (HKD mn) 60,122,806.000 Dec 2025 quarterly Mar 2010 - Dec 2025
IIP: Net (HKD mn) 19,509,744.000 Dec 2025 quarterly Mar 2010 - Dec 2025
IIP: Liabilities (HKD mn) 40,613,062.000 Dec 2025 quarterly Mar 2010 - Dec 2025
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) 237,220.283 Mar 2026 monthly Jan 1985 - Mar 2026
Money Supply M2 (USD mn) 2,655,578.187 Mar 2026 monthly Dec 1980 - Mar 2026
M2 Growth (%) 10.0 Apr 2026 monthly Dec 1981 - Apr 2026
Foreign Exchange Reserves (USD mn) 430,477.0 Mar 2026 monthly Apr 2000 - Mar 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) 312.000 Mar 2026 monthly Dec 1990 - Mar 2026
Total Deposits (USD mn) 2,502,211.258 Mar 2026 monthly Jan 1991 - Mar 2026
Total Deposits Growth (%) 9.1 Mar 2026 monthly Jan 1992 - Mar 2026
Domestic Credit (USD mn) 1,074,992.6 Jan 2026 monthly Dec 1990 - Jan 2026
Domestic Credit Growth (%) 7.2 Jan 2026 monthly Dec 1991 - Jan 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) 1,403.261 Sep 2025 quarterly Dec 1978 - Sep 2025
Household Debt (USD mn) 381,945.7 Mar 2026 quarterly Mar 1982 - Mar 2026
Total Loans (USD mn) 1,340,013.021 Apr 2026 monthly Dec 1978 - Apr 2026
Total Loans Growth (%) 4.70 Mar 2026 monthly Dec 1979 - Mar 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

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