Hong Kong: Household consumption, percent of GDP

* indicates monthly or quarterly data series
 Hong Kong

Household consumption as percent of GDP

 Latest value 70.26
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 63.29
 Min - Max 55.68 - 77.29
 Source The World Bank
For that indicator, we provide data for Hong Kong from 1960 to 2023. The average value for Hong Kong during that period was 63.29 percent with a minimum of 55.68 percent in 1989 and a maximum of 77.29 percent in 1961. The latest value from 2023 is 70.26 percent. For comparison, the world average in 2023 based on 131 countries is 63.66 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 - Household consumption, percent of GDP - Recent values chart

Historical chart
Hong Kong - Household consumption, percent of GDP - historical chart - 1960-2023

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 14.96 2022 percent
 Capital investment, in dollars 59.88 2023 billion U.S. dollars
 Household consumption, percent of GDP 70.26 2023 percent
 Household consumption, in dollars 268.43 2023 billion U.S. dollars
 Household consumption 518.99 Q3/2023 billion
 Consumption as percent of GDP 67.77 Q3/2023 percent
 Consumption growth 12.44 Q3/2023 percent
 Investment 129.95 Q3/2023 billion
 Investment as percent of GDP 16.97 Q3/2023 percent
 Investment growth 22.10 Q3/2023 percent
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