Hong Kong: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Hong Kong

Fiscal balance, percent of GDP

 Latest value -4.9
 Year 2022
 Measure percent
 Data availability 1997 - 2022
 Average 0.89
 Min - Max -8.7 - 7.5
 Source Financial Secretary of Hong Kong
For that indicator, we provide data for Hong Kong from 1997 to 2022. The average value for Hong Kong during that period was 0.89 percent with a minimum of -8.7 percent in 2020 and a maximum of 7.5 percent in 2007. The latest value from 2022 is -4.9 percent. For comparison, the world average in 2022 based on 148 countries is -2.67 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 - Fiscal balance, percent of GDP - recent values

Historical chart
Hong Kong - Fiscal balance, percent of GDP - historical chart - 1997-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 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 -4.90 2022 percent
 Government debt 4.27 2022 percent
 Government expenditure 97.05 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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