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 3012.00 115653.00 115653.00 -53728.00 HKD Million [+]
Government Spending 73995.00 68633.00 73995.00 7694.00 HKD Million [+]
Government Revenues 123586.00 221345.00 221345.00 1258.00 HKD Million [+]
Fiscal Expenditure 120574.00 105692.00 120574.00 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 July 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 90795.00 Mar/19
Australia 90142.00 Mar/19
Brazil 105533.40 May/19
Canada 422881.00 Mar/19
China 220906.00 Dec/18
Euro Area 546.04 Mar/19
France 136607.00 Mar/19
Germany 143.22 Mar/19
India 3686.66 Mar/19
Indonesia 153652.73 Mar/19
Italy 78566.20 Mar/19
Japan 107734.40 Mar/19
Mexico 2143950.00 Mar/19
Netherlands 45186.00 Mar/19
Russia 4035.60 Mar/19
Saudi Arabia 151611.00 Mar/19
Singapore 12422.70 Mar/19
South Africa 645563.00 Mar/19
South Korea 74118.60 Mar/19
Spain 56967.00 Mar/19
Switzerland 19991.24 Mar/19
Turkey 57997834.60 Mar/19
United Kingdom 93644.00 Mar/19
United States 3211.03 Mar/19


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