Hong Kong recorded a Government Budget surplus equal to 2.10 percent of the country's Gross Domestic Product in 2018. Government Budget in Hong Kong averaged 1.55 percent of GDP from 1999 until 2018, reaching an all time high of 7.30 percent of GDP in 2007 and a record low of -4.80 percent of GDP in 2001. source: GovHK

Government Budget in Hong Kong is expected to be 1.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Government Budget is projected to trend around 1.20 percent of GDP in 2020, according to our econometric models.

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Hong Kong Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
2.10 5.50 7.30 -4.80 1999 - 2018 percent of GDP Yearly


Hong Kong Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

Hong Kong Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.40 37.00 38.40 13.70 percent [+]
Government Budget 2.10 5.50 7.30 -4.80 percent of GDP [+]
Government Budget Value -92344.00 -42722.00 115653.00 -92344.00 HKD Million [+]
Government Spending 71746.00 67851.00 73969.00 7694.00 HKD Million [+]
Government Revenues 47575.00 67340.00 221345.00 1258.00 HKD Million [+]
Fiscal Expenditure 139919.00 110062.00 139919.00 1407.00 HKD Million [+]
Credit Rating 91.00 [+]