Government Spending in Hong Kong increased to 73995 HKD Million in the first quarter of 2019 from 68633 HKD Million in the fourth quarter of 2018. Government Spending in Hong Kong averaged 36308.72 HKD Million from 1973 until 2019, reaching an all time high of 73995 HKD Million in the first quarter of 2019 and a record low of 7694 HKD Million in the second quarter of 1973.

Government Spending in Hong Kong is expected to be 64184.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hong Kong to stand at 68760.00 in 12 months time. In the long-term, the Hong Kong Government Spending is projected to trend around 72170.00 HKD Million in 2020, according to our econometric models.

Hong Kong Government Spending
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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 115653.00 -53728.00 115653.00 -53728.00 HKD Million [+]
Government Spending 73995.00 68633.00 73995.00 7694.00 HKD Million [+]
Government Revenues 221345.00 49642.00 221345.00 1258.00 HKD Million [+]
Fiscal Expenditure 105692.00 103370.00 108512.00 1407.00 HKD Million [+]
Credit Rating 94.92 [+]


Hong Kong Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Hong Kong Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Government Spending - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
73995.00 68633.00 73995.00 7694.00 1973 - 2019 HKD Million Quarterly
Constant Prices 2016, NSA




Country Last Previous
Argentina 100173.00 Dec/18
Australia 89290.00 Dec/18
Brazil 115516.82 Mar/19
Canada 417805.00 Dec/18
China 220906.00 Dec/18
Euro Area 545.63 Dec/18
France 136745.00 Mar/19
Germany 143.97 Dec/18
India 3410.32 Dec/18
Indonesia 153652.73 Mar/19
Italy 78024.10 Dec/18
Japan 107612.10 Mar/19
Mexico 2193603.00 Dec/18
Netherlands 45186.00 Mar/19
Russia 4067.40 Dec/18
Saudi Arabia 195776.00 Dec/18
Singapore 12422.70 Mar/19
South Africa 643445.00 Dec/18
South Korea 62531.40 Mar/19
Spain 56820.00 Mar/19
Switzerland 19877.18 Dec/18
Turkey 69495065.30 Dec/18
United Kingdom 94208.00 Mar/19
United States 3207.68 Mar/19


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