Hong Kong: Government spending, in dollars

* indicates monthly or quarterly data series
 Hong Kong

Government spending, billion USD

 Latest value 50.51
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 12.54
 Min - Max 0.09 - 51.42
 Source The World Bank
The latest value from 2023 is 50.51 billion U.S. dollars, a decline from 51.42 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for Hong Kong from 1960 to 2023 is 12.54 billion U.S. dollars. The minimum value, 0.09 billion U.S. dollars, was reached in 1961 while the maximum of 51.42 billion U.S. dollars was recorded in 2022. 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 data
Hong Kong - Government spending, in dollars - Recent values chart

Historical series
Hong Kong - Government spending, in dollars - historical chart - 1960-2023




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. Data are in current U.S. dollars.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 13.23 2023 percent
 Government spending, in dollars 50.51 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.80 2023 percent
 Government debt 9.01 2024 percent
 Government expenditure 101.00 Q3/2024 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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