Hong Kong SAR, China Tax Revenue: % of GDP

1979 - 2024 | Quarterly | % | CEIC Data

Key information about Hong Kong SAR (China) Tax revenue: % of GDP

  • Hong Kong SAR (China) Tax revenue: % of GDP was reported at 24.1 % in Dec 2024.
  • This records an increase from the previous number of 4.0 % for Sep 2024.
  • Hong Kong SAR (China) Tax revenue: % of GDP data is updated quarterly, averaging 9.0 % from Sep 1979 to Dec 2024, with 182 observations.
  • The data reached an all-time high of 33.1 % in Mar 2020 and a record low of 2.1 % in Sep 2003.
  • Hong Kong SAR (China) Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Direct Taxes and Indirect Taxes. Census and Statistics Department provides Tax Revenue in local currency and Nominal GDP in local currency.

View Hong Kong SAR, China's Tax Revenue: % of GDP from Sep 1979 to Dec 2024 in the chart:

Hong Kong SAR, China Tax Revenue: % of GDP

What was Hong Kong SAR, China's Tax Revenue: % of GDP in Dec 2024?

Hong Kong SAR (China) Tax revenue: % of GDP was reported at 24.1 % in Dec 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
24.1 Dec 2024 4.0 Sep 2024 2.1 Sep 2003 33.1 Mar 2020 % quarterly Sep 1979 - Dec 2024

Tax Revenue: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 19.2 2023 yearly 2008 - 2023
Algeria (%) 4.8 2023 yearly 1997 - 2023
Argentina (%) 16.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 29.8 Dec 2024 quarterly Sep 2002 - Dec 2024
Austria (%) 28.4 Sep 2024 quarterly Mar 2001 - Sep 2024
Azerbaijan (%) 17.5 2024 yearly 1993 - 2024
Bahrain (%) 5.3 2023 yearly 1990 - 2023
Bangladesh (%) 7.4 2024 yearly 2006 - 2024
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.2 2023 yearly 1980 - 2023
Bolivia (%) 18.0 2023 yearly 1990 - 2023
Bosnia and Herzegovina (%) 21.6 2023 yearly 2005 - 2023
Botswana (%) 34.2 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 16.7 Dec 2024 quarterly Sep 1994 - Dec 2024
Brunei (%) 1.8 2023 yearly 2010 - 2023
Bulgaria (%) 28.7 Dec 2024 quarterly Mar 2003 - Dec 2024
Cambodia (%) 13.5 2022 yearly 2009 - 2022
Canada (%) 13.0 Dec 2024 quarterly Mar 1996 - Dec 2024
Chile (%) 19.4 2023 yearly 1990 - 2023
China (%) 11.6 Dec 2024 quarterly Mar 1995 - Dec 2024
Colombia (%) 13.2 Dec 2024 quarterly Mar 2000 - Dec 2024
Croatia (%) 26.1 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 28.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Czech Republic (%) 18.8 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 43.0 Sep 2024 quarterly Mar 1999 - Sep 2024
Ecuador (%) 14.2 Sep 2024 quarterly Mar 2000 - Sep 2024
Egypt (%) 5.5 2023 yearly 2005 - 2023
Estonia (%) 23.3 Sep 2024 quarterly Mar 1999 - Sep 2024
European Union (%) 25.8 2023 yearly 1995 - 2023
Finland (%) 31.7 Dec 2024 quarterly Mar 1999 - Dec 2024
France (%) 16.4 Dec 2024 quarterly Mar 2006 - Dec 2024
Georgia (%) 22.7 Sep 2024 quarterly Mar 2006 - Sep 2024
Germany (%) 24.3 Dec 2024 quarterly Mar 1991 - Dec 2024
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 26.5 Sep 2024 quarterly Mar 1999 - Sep 2024
Hong Kong SAR, China (%) 24.1 Dec 2024 quarterly Sep 1979 - Dec 2024
Hungary (%) 23.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Iceland (%) 32.1 Sep 2024 quarterly Mar 2002 - Sep 2024
India (%) 6.8 Dec 2024 quarterly Jun 1997 - Dec 2024
Indonesia (%) 11.8 Dec 2024 quarterly Mar 2014 - Dec 2024
Iran (%) 4.2 2022 yearly 1996 - 2022
Ireland (%) 17.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Israel (%) 22.7 Dec 2024 quarterly Mar 2001 - Dec 2024
Italy (%) 28.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Ivory Coast (%) 13.1 2023 yearly 1960 - 2023
Japan (%) 13.3 Dec 2024 quarterly Jun 1983 - Dec 2024
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 15.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Kenya (%) 7.0 2023 yearly 2006 - 2023
South Korea (%) 12.2 Dec 2024 quarterly Mar 2000 - Dec 2024
Kosovo (%) 24.8 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.1 2023 yearly 1986 - 2023
Kyrgyzstan (%) 17.8 Dec 2024 quarterly Mar 2007 - Dec 2024
Laos (%) 13.0 2023 yearly 2012 - 2023
Latvia (%) 23.8 Sep 2024 quarterly Mar 1999 - Sep 2024
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 19.4 Sep 2024 quarterly Mar 1999 - Sep 2024
Luxembourg (%) 29.4 2023 yearly 1995 - 2023
Macau SAR, China (%) 22.8 2023 yearly 2002 - 2023
North Macedonia (%) 17.9 Dec 2024 quarterly Mar 2004 - Dec 2024
Malawi (%) 12.8 2022 yearly 2009 - 2022
Malaysia (%) 13.2 Sep 2024 quarterly Mar 1991 - Sep 2024
Malta (%) 24.5 Sep 2024 quarterly Mar 1999 - Sep 2024
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 13.6 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) 21.0 2023 yearly 2004 - 2023
Mongolia (%) 24.3 Dec 2024 quarterly Mar 2000 - Dec 2024
Montenegro (%) 24.9 Dec 2024 quarterly Mar 2012 - Dec 2024
Morocco (%) 21.4 Sep 2024 quarterly Mar 2007 - Sep 2024
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 26.6 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (%) 30.2 2023 yearly 1999 - 2023
Norway (%) 31.4 Dec 2024 quarterly Mar 2002 - Dec 2024
Oman (%) 4.6 2023 yearly 1996 - 2023
Pakistan (%) 5.7 2024 yearly 2000 - 2024
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Paraguay (%) 12.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Peru (%) 14.5 Dec 2024 quarterly Mar 1990 - Dec 2024
Philippines (%) 13.1 Dec 2024 quarterly Mar 1985 - Dec 2024
Poland (%) 14.8 Dec 2024 quarterly Mar 2007 - Dec 2024
Portugal (%) 21.9 Mar 2024 quarterly Mar 1999 - Mar 2024
Russia (%) 21.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Serbia (%) 35.3 Dec 2024 quarterly Mar 2005 - Dec 2024
Singapore (%) 10.4 Dec 2024 quarterly Dec 1987 - Dec 2024
Slovakia (%) 14.9 Dec 2024 quarterly Mar 2005 - Dec 2024
Slovenia (%) 21.7 Dec 2024 quarterly Mar 2000 - Dec 2024
South Africa (%) 21.6 Sep 2024 quarterly Mar 1990 - Sep 2024
Spain (%) 23.6 2023 yearly 1995 - 2023
Sri Lanka (%) 13.1 Sep 2024 quarterly Mar 2014 - Sep 2024
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.2 2023 yearly 1995 - 2023
Switzerland (%) 26.7 2022 yearly 1990 - 2022
Taiwan (%) 11.8 Dec 2024 quarterly Mar 1975 - Dec 2024
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.2 2023 yearly 1990 - 2023
Tunisia (%) 25.4 2023 yearly 1991 - 2023

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Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.3 Dec 2024 quarterly Sep 1999 - Dec 2024
Consolidated Fiscal Balance (USD mn) 2,363.908 Jan 2025 monthly Oct 1998 - Jan 2025
Tax Revenue (USD mn) 4,221.749 Sep 2024 quarterly Sep 1979 - Sep 2024
Tax Revenue: % of GDP (%) 24.1 Dec 2024 quarterly Sep 1979 - Dec 2024
National Government Debt (USD mn) 190,086.3 2024 yearly 2003 - 2024
Government Debt: % of GDP (%) 49.1 2024 yearly 2003 - 2024
Forecast: Government Expenditure (HKD bn) 865.064 2030 yearly 1982 - 2030
Forecast: Government Net Debt (HKD bn) 535.809 2030 yearly 2005 - 2030
Forecast: Government Revenue (HKD bn) 902.207 2030 yearly 1982 - 2030
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.054 2029 yearly 1980 - 2029
Trade Balance (USD mn) 266.9 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 49,984.8 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports Growth (%) 0.1 Jan 2025 monthly Jan 1953 - Jan 2025
Aluminum: Exports (USD th) 192,379.347 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,786,984.295 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 222,385.828 2023 yearly 1995 - 2023
Total Imports (USD mn) 49,717.9 Jan 2025 monthly Jan 1957 - Jan 2025
Total Imports Growth (%) 0.5 Jan 2025 monthly Jan 1953 - Jan 2025
Imports: Medicament (USD th) 3,034,655.090 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,091,631.537 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 3,728.442 Jan 2025 monthly Apr 1964 - Jan 2025
Total Imports from USA (USD mn) 1,858.168 Jan 2025 monthly Apr 1964 - Jan 2025
Total Exports to China (USD mn) 27,765.269 Jan 2025 monthly Apr 1964 - Jan 2025
Total Imports from China (USD mn) 21,191.367 Jan 2025 monthly Apr 1964 - Jan 2025
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 52,073.363 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 46,600.849 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 592.204 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 181,549.984 Jan 2025 monthly Jan 1991 - Jan 2025
Exports: General Industrial Machinery and Equipment nes (HKD mn) 2,587.081 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 42,717.031 Jan 2025 monthly Jan 1991 - Jan 2025
Imports: Office Machines & Automatic Data Processing Machines (HKD mn) 40,255.796 Jan 2025 monthly Jan 1991 - Jan 2025
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) 13,172.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Current Account Balance (USD mn) 15,372.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Current Account Balance: % of GDP (%) 14.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Direct Investment (USD mn) 27,032.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Direct Investment: % of GDP (%) 25.8 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment (USD mn) 1,175.550 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.1 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -5,323.4 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 6,498.865 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt (USD mn) 1,925,470.5 Sep 2024 quarterly Mar 2001 - Sep 2024
External Debt: % of GDP (%) 483.3 2023 yearly 2001 - 2023
External Debt: Short Term (USD mn) 1,166,589.1 Sep 2024 quarterly Mar 2001 - Sep 2024
External Debt: Short Term: % of GDP (%) 298.8 2023 yearly 2001 - 2023
Forecast: Current Account Balance (USD bn) 43.397 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 2,066,472.140 Sep 2024 quarterly Mar 2010 - Sep 2024
BoP: FA: Portfolio Investment (PI) (HKD mn) 138,542.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods: Debit (HKD mn) 1,264,183.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Assets (AS) (HKD mn) 102,732.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Debit (HKD mn) 528,851.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Net Errors and Omissions (HKD mn) -34,940.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Credit (HKD mn) 2,099,548.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods (HKD mn) -582.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account (HKD mn) -218.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account (CA) (HKD mn) 119,887.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Other investment (OI) (HKD mn) 117,932.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Financial Derivatives (FD) (HKD mn) -40,701.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Secondary Income (SInc) (HKD mn) -5,052.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CFA: Reserve Assets (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Liabilities (HKD mn) -113,159.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Current Account: Debit (HKD mn) 1,979,660.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: DI: Liabilities (LB) (HKD mn) 210,822.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: PInc: Credit (HKD mn) 616,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Overall Balance (HKD mn) -22,953.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Debit (HKD mn) 176,802.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services: Credit (HKD mn) 215,084.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: FD: Assets (HKD mn) -153,860.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Primary Income (PInc) (HKD mn) 87,239.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Debit (HKD mn) 222.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Assets (HKD mn) 203,808.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Services (HKD mn) 38,282.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Capital Account: Credit (HKD mn) 3.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: Direct Investment (DI) (HKD mn) -108,090.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: Financial Account (FA) (HKD mn) 84,729.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: OI: Liabilities (HKD mn) 85,876.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Credit (HKD mn) 4,773.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Liabilities (LB) (HKD mn) 9,168.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: Goods: Credit (HKD mn) 1,263,601.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: CA: SInc: Debit (HKD mn) 9,825.000 Sep 2024 quarterly Mar 1999 - Sep 2024
BoP: FA: PI: Assets (AS) (HKD mn) 147,710.000 Sep 2024 quarterly Mar 1999 - Sep 2024
IIP: Net (HKD mn) 16,055,042.000 Sep 2024 quarterly Mar 2010 - Sep 2024
International Investment Position (IIP): Assets (HKD mn) 52,982,050.000 Sep 2024 quarterly Mar 2010 - Sep 2024
IIP: Liabilities (HKD mn) 36,927,008.000 Sep 2024 quarterly Mar 2010 - Sep 2024
External Debt (ED): Total (HKD mn) 14,959,558.000 Sep 2024 quarterly Mar 2002 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Dec 2024 quarterly Mar 1997 - Dec 2024
Household Debt: % of GDP (%) 87.8 Dec 2024 quarterly Mar 1982 - Dec 2024
Money Supply M1 (USD mn) 198,127.404 Jan 2025 monthly Jan 1985 - Jan 2025
Money Supply M2 (USD mn) 2,406,637.673 Jan 2025 monthly Dec 1980 - Jan 2025
M2 Growth (%) 9.6 Jan 2025 monthly Dec 1981 - Jan 2025
Foreign Exchange Reserves (USD mn) 421,292.0 Jan 2025 monthly Apr 2000 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 103.470 Dec 2024 quarterly Jun 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 9.3 May 2023 monthly Apr 2000 - May 2023
Gold Reserves (USD mn) 186.000 Jan 2025 monthly Dec 1990 - Jan 2025
Total Deposits (USD mn) 2,260,480.892 Jan 2025 monthly Jan 1991 - Jan 2025
Total Deposits Growth (%) 9.2 Jan 2025 monthly Jan 1992 - Jan 2025
Domestic Credit (USD mn) 1,011,818.8 Oct 2024 monthly Dec 1990 - Oct 2024
Domestic Credit Growth (%) 0.7 Dec 2024 monthly Dec 1991 - Dec 2024
Debt Service Ratio: Private Non-Financial Sector (%) 35.600 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 359.307 Sep 2024 quarterly Dec 1990 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 1,354.821 Sep 2024 quarterly Dec 1978 - Sep 2024
Household Debt (USD mn) 359,214.2 Dec 2024 quarterly Mar 1982 - Dec 2024
Total Loans (USD mn) 1,268,397.079 Jan 2025 monthly Dec 1978 - Jan 2025
Total Loans Growth (%) -2.25 Jan 2025 monthly Dec 1979 - Jan 2025
Private Debt: % of Nominal GDP (%) 195.76 Dec 2024 quarterly Dec 1973 - Dec 2024
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: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -11.0 Mar 2025 quarterly Mar 2009 - Mar 2025
BTS: Expected Changes: BS: sa: Retail (%) -31.000 Mar 2025 quarterly Mar 2008 - Mar 2025
BTS: Expected Changes: Business Situation (BS): sa (%) -10.000 Mar 2025 quarterly Mar 2008 - Mar 2025

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