Hong Kong: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Hong Kong

Government spending as percent of GDP

 Latest value 14.33
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 7.82
 Min - Max 5.17 - 14.33
 Source The World Bank
For that indicator, we provide data for Hong Kong from 1960 to 2022. The average value for Hong Kong during that period was 7.82 percent with a minimum of 5.17 percent in 1965 and a maximum of 14.33 percent in 2022. The latest value from 2022 is 14.33 percent. For comparison, the world average in 2022 based on 142 countries is 16.27 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Hong Kong - Government spending, percent of GDP - recent values

Historical chart
Hong Kong - Government spending, percent of GDP - historical chart - 1960-2022

The government size of Hong Kong and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.33 2022 percent
 Government spending, in dollars 51.56 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.80 2023 percent
 Government debt 4.27 2022 percent
 Government expenditure 97.17 Q3/2023 billion
 Commercial tax rate 21.90 2019 percent
 Tax preparation time 35 2019 hours
 Number of taxes 3 2019 taxes
 Foreign aid 6.95 2004 million U.S. dollars
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