Hong Kong SAR, China Tax Revenue: % of GDP

1979 - 2023 | 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 7.9 % in Jun 2023.
  • This records a decrease from the previous number of 21.7 % for Mar 2023.
  • Hong Kong SAR (China) Tax revenue: % of GDP data is updated quarterly, averaging 9.0 % from Sep 1979 to Jun 2023, with 176 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 Jun 2023 in the chart:

Hong Kong SAR, China Tax Revenue: % of GDP

What was Hong Kong SAR, China's Tax Revenue: % of GDP in Jun 2023?

Hong Kong SAR (China) Tax revenue: % of GDP was reported at 7.9 % in Jun 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.9 Jun 2023 21.7 Mar 2023 2.1 Sep 2003 33.1 Mar 2020 % quarterly Sep 1979 - Jun 2023

Tax Revenue: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 19.6 2022 yearly 2008 - 2022
Algeria (%) 5.4 2021 yearly 1997 - 2021
Argentina (%) 16.6 Jun 2023 quarterly Mar 2004 - Jun 2023
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 34.9 Jun 2023 quarterly Sep 2002 - Jun 2023
Austria (%) 25.0 Mar 2023 quarterly Mar 2001 - Mar 2023
Azerbaijan (%) 15.6 2022 yearly 1993 - 2022
Bahrain (%) 5.2 2022 yearly 1990 - 2022
Bangladesh (%) 8.0 2022 yearly 2006 - 2022
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.8 2022 yearly 1980 - 2022
Bolivia (%) 16.4 2021 yearly 1990 - 2021
Bosnia and Herzegovina (%) 21.7 2022 yearly 2005 - 2022
Botswana (%) 17.7 Mar 2023 quarterly Jun 2007 - Mar 2023
Brazil (%) 15.7 Jun 2023 quarterly Sep 1994 - Jun 2023
Brunei (%) 1.6 2022 yearly 2010 - 2022
Bulgaria (%) 30.2 Jun 2023 quarterly Mar 2003 - Jun 2023
Cambodia (%) 18.3 2022 yearly 2013 - 2022
Canada (%) 13.1 Jun 2023 quarterly Mar 1996 - Jun 2023
Chile (%) 22.7 2022 yearly 1990 - 2022
China (%) 15.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Colombia (%) 22.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Croatia (%) 26.2 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 25.8 Mar 2023 quarterly Mar 1995 - Mar 2023
Czech Republic (%) 18.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Denmark (%) 42.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Ecuador (%) 13.1 Mar 2023 quarterly Mar 2000 - Mar 2023
Egypt (%) 5.3 2022 yearly 2005 - 2022
Estonia (%) 21.9 Jun 2023 quarterly Mar 1999 - Jun 2023
European Union (%) 26.8 2022 yearly 1995 - 2022
Finland (%) 31.1 Jun 2023 quarterly Mar 1999 - Jun 2023
France (%) 17.5 Jun 2023 quarterly Mar 2006 - Jun 2023
Georgia (%) 25.4 Jun 2023 quarterly Mar 2006 - Jun 2023
Germany (%) 23.5 Jun 2023 quarterly Mar 1991 - Jun 2023
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 22.5 Mar 2023 quarterly Mar 1999 - Mar 2023
Hong Kong SAR, China (%) 7.9 Jun 2023 quarterly Sep 1979 - Jun 2023
Hungary (%) 27.6 Mar 2023 quarterly Mar 1999 - Mar 2023
Iceland (%) 32.3 Jun 2023 quarterly Mar 2002 - Jun 2023
India (%) 6.1 Jun 2023 quarterly Jun 1997 - Jun 2023
Indonesia (%) 11.5 Jun 2023 quarterly Mar 2014 - Jun 2023
Iran (%) 5.9 2019 yearly 1996 - 2019
Ireland (%) 16.4 Mar 2023 quarterly Mar 2000 - Mar 2023
Israel (%) 22.1 Jun 2023 quarterly Mar 2001 - Jun 2023
Italy (%) 23.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Ivory Coast (%) 11.7 2022 yearly 1960 - 2022
Japan (%) 14.0 Jun 2023 quarterly Jun 1983 - Jun 2023
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 15.2 Dec 2022 quarterly Mar 2008 - Dec 2022
Kenya (%) 7.1 2022 yearly 2006 - 2022
South Korea (%) 16.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Kosovo (%) 27.2 Mar 2023 quarterly Mar 2010 - Mar 2023
Kuwait (%) 1.4 2020 yearly 1986 - 2020
Kyrgyzstan (%) 28.3 Jun 2023 quarterly Mar 2007 - Jun 2023
Laos (%) 11.3 2022 yearly 2012 - 2022
Latvia (%) 22.1 Mar 2023 quarterly Mar 1999 - Mar 2023
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 21.8 Mar 2023 quarterly Mar 1999 - Mar 2023
Luxembourg (%) 27.5 2022 yearly 1995 - 2022
Macau SAR, China (%) 19.0 2022 yearly 2002 - 2022
North Macedonia (%) 17.9 Jun 2023 quarterly Mar 2004 - Jun 2023
Malawi (%) 11.4 2021 yearly 2009 - 2021
Malaysia (%) 13.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Malta (%) 21.2 Mar 2023 quarterly Mar 2000 - Mar 2023
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 14.2 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) 21.1 2022 yearly 2004 - 2022
Mongolia (%) 26.0 Jun 2023 quarterly Mar 2000 - Jun 2023
Montenegro (%) 26.9 Jun 2023 quarterly Mar 2012 - Jun 2023
Morocco (%) 22.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Mozambique (%) 18.4 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 25.1 Jun 2023 quarterly Mar 1999 - Jun 2023
New Zealand (%) 30.5 2022 yearly 1999 - 2022
Norway (%) 31.9 Jun 2023 quarterly Mar 2002 - Jun 2023
Oman (%) 3.7 2021 yearly 1996 - 2021
Pakistan (%) 5.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (%) 8.5 Mar 2023 quarterly Mar 1998 - Mar 2023
Peru (%) 15.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Philippines (%) 16.0 Jun 2023 quarterly Mar 1985 - Jun 2023
Poland (%) 16.8 Jun 2023 quarterly Mar 2007 - Jun 2023
Portugal (%) 22.8 Jun 2023 quarterly Mar 1999 - Jun 2023
Russia (%) 21.3 Jun 2023 quarterly Mar 1996 - Jun 2023
Serbia (%) 41.7 Jun 2023 quarterly Mar 2005 - Jun 2023
Singapore (%) 16.7 Jun 2023 quarterly Dec 1987 - Jun 2023
Slovakia (%) 15.1 Jun 2023 quarterly Mar 2005 - Jun 2023
Slovenia (%) 19.7 Jun 2023 quarterly Mar 2000 - Jun 2023
South Africa (%) 22.5 Jun 2023 quarterly Mar 1990 - Jun 2023
Spain (%) 24.5 2021 yearly 1995 - 2021
Sri Lanka (%) 7.9 Mar 2023 quarterly Mar 2014 - Mar 2023
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.9 2022 yearly 1995 - 2022
Switzerland (%) 28.3 2020 yearly 1990 - 2020
Taiwan (%) 28.1 Jun 2023 quarterly Mar 1975 - Jun 2023
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.3 2021 yearly 1990 - 2021
Tunisia (%) 24.6 2022 yearly 1991 - 2022

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Hong Kong SAR, China Key Series

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Includes 211 key indicators for Hong Kong SAR, China, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.6 Mar 2023 quarterly Sep 1999 - Mar 2023
Consolidated Fiscal Balance (USD mn) -5,351.809 Jul 2023 monthly Oct 1998 - Jul 2023
Tax Revenue (USD mn) 7,110.617 Jun 2023 quarterly Sep 1979 - Jun 2023
Tax Revenue: % of GDP (%) 7.9 Jun 2023 quarterly Sep 1979 - Jun 2023
National Government Debt (USD mn) 173,192.7 2022 yearly 2003 - 2022
Government Debt: % of GDP (%) 47.6 2022 yearly 2003 - 2022
Forecast: Government Expenditure (HKD bn) 903.868 2029 yearly 1982 - 2029
Forecast: Government Net Debt (HKD bn) 416.015 2029 yearly 2005 - 2029
Forecast: Government Revenue (HKD bn) 926.656 2029 yearly 1982 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.060 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,836.9 Jul 2023 monthly Jan 1957 - Jul 2023
Total Exports (USD mn) 44,162.4 Jul 2023 monthly Jan 1957 - Jul 2023
Total Exports Growth (%) -9.1 Jul 2023 monthly Jan 1953 - Jul 2023
Aluminum: Exports (USD th) 271,594.847 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,261,766.538 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 215,338.532 2022 yearly 1995 - 2022
Total Imports (USD mn) 47,999.3 Jul 2023 monthly Jan 1957 - Jul 2023
Total Imports Growth (%) -7.9 Jul 2023 monthly Jan 1953 - Jul 2023
Imports: Medicament (USD th) 3,466,916.054 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 932,558.317 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,009.621 Jul 2023 monthly Apr 1964 - Jul 2023
Total Imports from USA (USD mn) 1,873.960 Jul 2023 monthly Apr 1964 - Jul 2023
Total Exports to China (USD mn) 23,722.221 Jul 2023 monthly Apr 1964 - Jul 2023
Total Imports from China (USD mn) 20,784.892 Jul 2023 monthly Apr 1964 - Jul 2023
Exports: General Industrial Machinery and Equipment nes (HKD mn) 2,935.613 Jul 2023 monthly Jan 1991 - Jul 2023
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 745.336 Jul 2023 monthly Jan 1991 - Jul 2023
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 161,189.899 Jul 2023 monthly Jan 1991 - Jul 2023
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
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 32,827.784 Jul 2023 monthly Jan 1991 - Jul 2023
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 43,386.037 Jul 2023 monthly Jan 1991 - Jul 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 39,631.0 Mar 2023 quarterly Mar 1999 - Mar 2023
Current Account Balance (USD mn) 5,437.1 Mar 2023 quarterly Mar 1999 - Mar 2023
Current Account Balance: % of GDP (%) 5.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Direct Investment (USD mn) 28,353.6 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Direct Investment: % of GDP (%) 31.0 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Portfolio Investment (USD mn) 3,583.104 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) 3.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 3,221.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 361.155 Mar 2023 quarterly Mar 1999 - Mar 2023
External Debt (USD mn) 1,819,706.2 Dec 2022 quarterly Mar 2001 - Dec 2022
External Debt: % of GDP (%) 503.8 2022 yearly 2001 - 2022
External Debt: Short Term (USD mn) 1,123,031.1 Mar 2023 quarterly Mar 2001 - Mar 2023
External Debt: Short Term: % of GDP (%) 319.8 2022 yearly 2001 - 2022
Forecast: Current Account Balance (USD bn) 21.870 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,762,734.602 Dec 2022 quarterly Mar 2010 - Dec 2022
BoP: CA: Goods: Debit (HKD mn) 1,063,834.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CA: Goods (HKD mn) -39,078.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: DI: Assets (AS) (HKD mn) -150,901.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: Current Account: Credit (HKD mn) 1,652,765.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: Current Account (CA) (HKD mn) 42,620.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CA: PInc: Debit (HKD mn) 394,693.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: Financial Derivatives (FD) (HKD mn) 56,206.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: Capital Account (HKD mn) -93.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CA: Secondary Income (SInc) (HKD mn) -3,792.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: CA: Services: Debit (HKD mn) 143,641.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CFA: Reserve Assets (HKD mn) 16,529.000 Dec 2022 quarterly Mar 1999 - Dec 2022
BoP: Overall Balance (HKD mn) 3,638.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: Current Account: Debit (HKD mn) 1,610,145.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: Other investment (OI) (HKD mn) -52,325.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: FD: Liabilities (HKD mn) -45,746.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CA: SInc: Debit (HKD mn) 7,977.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: OI: Assets (HKD mn) -94,759.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: FA: PI: Liabilities (LB) (HKD mn) 1,619.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: FA: DI: Liabilities (LB) (HKD mn) 266,587.000 Dec 2022 quarterly Mar 1999 - Dec 2022
BoP: CA: Services (HKD mn) 45,994.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: Capital Account: Debit (HKD mn) -92.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: FA: Direct Investment (DI) (HKD mn) 25,043.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: CA: PInc: Credit (HKD mn) 415,082.000 Dec 2022 quarterly Mar 1999 - Dec 2022
BoP: CA: SInc: Credit (HKD mn) 4,312.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: CA: Primary Income (PInc) (HKD mn) 62,848.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: Capital Account: Credit (HKD mn) 3.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: Net Errors and Omissions (HKD mn) -34,261.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: PI: Assets (AS) (HKD mn) -148,744.000 Dec 2022 quarterly Mar 1999 - Dec 2022
BoP: CA: Services: Credit (HKD mn) 189,635.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: CA: Goods: Credit (HKD mn) 1,024,756.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: FD: Assets (HKD mn) 291,243.000 Sep 2022 quarterly Mar 1999 - Sep 2022
BoP: Financial Account (FA) (HKD mn) 8,265.000 Mar 2023 quarterly Mar 1999 - Mar 2023
BoP: FA: OI: Liabilities (HKD mn) -306,476.000 Dec 2022 quarterly Mar 1999 - Dec 2022
BoP: FA: Portfolio Investment (PI) (HKD mn) -143,507.000 Dec 2022 quarterly Mar 1999 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Jun 2023 quarterly Mar 1997 - Jun 2023
Household Debt: % of GDP (%) 96.0 Mar 2023 quarterly Mar 1982 - Mar 2023
Money Supply M1 (USD mn) 206,504.270 Jul 2023 monthly Jan 1985 - Jul 2023
Money Supply M2 (USD mn) 2,143,741.835 Jul 2023 monthly Dec 1980 - Jul 2023
M2 Growth (%) 2.3 Jul 2023 monthly Dec 1981 - Jul 2023
Foreign Exchange Reserves (USD mn) 421,486.0 Jul 2023 monthly Apr 2000 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 118.447 Mar 2023 quarterly Jun 2000 - Mar 2023
Foreign Exchange Reserves: Months of Import (NA) 9.3 May 2023 monthly Apr 2000 - May 2023
Gold Reserves (USD mn) 131.000 Jul 2023 monthly Dec 1990 - Jul 2023
Total Deposits (USD mn) 1,973,965.836 Jun 2023 monthly Jan 1991 - Jun 2023
Total Deposits Growth (%) 2.5 Jul 2023 monthly Jan 1992 - Jul 2023
Domestic Credit (USD mn) 1,001,840.2 May 2023 monthly Dec 1990 - May 2023
Domestic Credit Growth (%) -0.4 May 2023 monthly Dec 1991 - May 2023
Debt Service Ratio: Private Non-Financial Sector (%) 35.600 Mar 2023 quarterly Mar 1999 - Mar 2023
Credit to Households (USD bn) 349.147 Mar 2023 quarterly Dec 1990 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 1,371.462 Mar 2023 quarterly Dec 1978 - Mar 2023
Household Debt (USD mn) 352,307.3 Jun 2023 quarterly Mar 1982 - Jun 2023
Total Loans (USD mn) 1,335,683.947 Jul 2023 monthly Dec 1978 - Jul 2023
Total Loans Growth (%) -4.73 Jul 2023 monthly Dec 1979 - Jul 2023
Private Debt: % of Nominal GDP (%) 224.68 Mar 2023 quarterly Dec 1973 - Mar 2023
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) 23.0 Jun 2023 quarterly Mar 2009 - Jun 2023
BTS: Expected Changes: Business Situation (BS): sa (%) 6.000 Sep 2023 quarterly Mar 2008 - Sep 2023
BTS: Expected Changes: BS: sa: Retail (%) 34.000 Jun 2023 quarterly Mar 2008 - Jun 2023

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