Key information about Hong Kong SAR (China) Government Debt: % of GDP

• Hong Kong SAR (China) Government debt accounted for 49.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 50.2 % in the previous year.
• Hong Kong SAR (China) government debt to GDP ratio data is updated yearly, available from Mar 2003 to Mar 2024.
• The data reached an all-time high of 50.2 % in Mar 2023 and a record low of 27.3 % in Mar 2003.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Treasury provides Government Debt in local currency. Census and Statistics Department provides Nominal GDP in local currency. Government Debt covers Provision for pensions, Bonds and Notes issued and Other Liabilities. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Hong Kong SAR (China) Government Debt: % of GDP

• In the latest reports, Hong Kong SAR (China) National Government Debt reached 190.1 USD bn in Mar 2024.
• The country's Nominal GDP reached 91.4 USD bn in Mar 2023.

Hong Kong recorded a Government Debt to GDP of 9 percent of the country's Gross Domestic Product in 2024. This dataset provides - Hong Kong Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national debt of Hong Kong was about ************* U.S. dollars in 2024. Between 2004 and 2024, the national debt rose by approximately ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Key information about Hong Kong SAR (China) Household Debt: % of GDP

• Hong Kong SAR (China) household debt accounted for 87.8 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 88.8 % in the previous quarter.
• Hong Kong SAR (China) household debt to GDP ratio is updated quarterly, available from Mar 1982 to Dec 2024.
• The data reached an all-time high of 96.2 % in Mar 2023 and a record low of 14.6 % in Jun 1982.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Hong Kong Monetary Authority provides Household Debt in local currency. Census and Statistics Department provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans. Household Debt prior to Q4 2018 excludes Working Capital Loans.


Related information about Hong Kong SAR (China) Household Debt: % of GDP

• In the latest reports, Hong Kong SAR (China) Household Debt reached 359.2 USD bn in Dec 2024.
• Money Supply M2 in Hong Kong SAR (China) increased 7.3 % YoY in Dec 2024.
• Hong Kong SAR (China) Foreign Exchange Reserves was measured at 421.3 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.3 Months of Import in May 2023.
• Hong Kong SAR (China) Domestic Credit reached 1,011.8 USD bn in Oct 2024, representing an drop of 0.2 % YoY.
• The country's Non Performing Loans Ratio stood at 2.2 % in Sep 2024, compared with the ratio of 2.1 % in the previous quarter.

Hong Kong: Government debt as percent of GDP: The latest value from 2024 is 9.01 percent, an increase from 6.33 percent in 2023. In comparison, the world average is 55.78 percent, based on data from 7 countries. Historically, the average for Hong Kong from 2001 to 2024 is 1.39 percent. The minimum value, 0 percent, was reached in 2001 while the maximum of 9.01 percent was recorded in 2024.

External Debt in Hong Kong increased to 14948772 HKD Million in the first quarter of 2025 from 14830021 HKD Million in the fourth quarter of 2024. This dataset provides - Hong Kong External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong HK: General Government: Gross Debt: % of GDP data was reported at 0.000 % in 2023. This stayed constant from the previous number of 0.000 % for 2022. Hong Kong HK: General Government: Gross Debt: % of GDP data is updated yearly, averaging 0.545 % from Dec 2001 (Median) to 2023, with 23 observations. The data reached an all-time high of 3.523 % in 2002 and a record low of 0.000 % in 2023. Hong Kong HK: General Government: Gross Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Hong Kong – Table HK.IMF.FM: Government Finance Statistics.

Households Debt in Hong Kong decreased to 88.10 percent of GDP in the fourth quarter of 2024 from 89 percent of GDP in the third quarter of 2024. This dataset provides - Hong Kong Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China) External Debt

• Hong Kong SAR (China) External Debt reached 1,925.5 USD bn in Sep 2024, compared with 1,886.2 USD bn in the previous quarter.
• Hong Kong SAR (China) External Debt: USD mn data is updated quarterly, available from Mar 2001 to Sep 2024.
• The data reached an all-time high of 1,925.5 USD bn in Sep 2024 and a record low of 347.2 USD bn in Jun 2003.

CEIC converts quarterly External Debt into USD. Census and Statistics Department provides External Debt in local currency based on BPM6. The Federal Reserve Board period end market exchange rate is used for currency conversions. External Debt prior to Q1 2002 is based on BPM5.


Related information about Hong Kong SAR (China) External Debt

• In the latest reports of Hong Kong SAR (China), Current Account recorded a surplus of 12.9 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 27.0 USD bn in Sep 2024.
• Hong Kong SAR (China) Direct Investment Abroad expanded by 13.2 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 1.2 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 91.4 USD bn in Mar 2023.

Feature Articles on Finance - Salient Features of Hong Kong's External Debt

In 2023, the total debt of non-financial sectors in Hong Kong have grown to around *** percent of the domestic gross domestic product (GDP). Over the last two decades, Hong Kong's total debt has increased at one of the fastest rates among major economies in the world.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for Hong Kong SAR, China (DDDM05HKA156NWDB) from 2004 to 2020 about Hong Kong, debt, securities, private, and GDP.

Balance of Payments, International Investment Position and External Debt Statistics of Hong Kong - Table 315-37002 : BoP as a ratio to Gross Domestic Product (GDP)

Key information about Hong Kong SAR (China) External Debt: Short Term

• Hong Kong SAR (China) External Debt: Short Term value stood at 1,166.6 USD bn in Sep 2024, compared with 1,138.2 USD bn in the previous quarter.
• Hong Kong SAR (China) External Debt: Short Term data is updated quarterly, available from Mar 2001 to Sep 2024.
• The data reached an all-time high of 1,243.6 USD bn in Sep 2021 and a record low of 217.6 USD bn in Jun 2003.

CEIC calculates Short Term External Debt as the sum of Short Term External Debt breakdowns for General Government, Monetary Authorities, Banks and Other Sectors and converts it into USD. Census and Statistics Department provides Short Term External Debt in local currency based on BPM6. The Federal Reserve Board period end market exchange rate is used for currency conversions. Short Term External Debt for General Government is not released due to relatively insignificant value (less than HK$10 million) and/or in order to safeguard confidentiality of information provided by individual establishments. Short Term External Debt prior to Q1 2002 is based on BPM5.


Related information about Hong Kong SAR (China) External Debt: Short Term

• In the latest reports of Hong Kong SAR (China), Current Account recorded a surplus of 12.9 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 27.0 USD bn in Sep 2024.
• Hong Kong SAR (China) Direct Investment Abroad expanded by 9.6 USD bn in Jun 2024.
• Its Foreign Portfolio Investment increased by 955.0 USD mn in Jun 2024.
• The country's Nominal GDP was reported at 91.4 USD bn in Mar 2023.

BOC Hong Kong reported HKD34.04B in Interest Expense on Debt for its fiscal semester ending in June of 2023. Data for BOC Hong Kong | 2388 - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Balance of Payments, International Investment Position and External Debt Statistics of Hong Kong - Table 315-37031 : External Debt (position as at end of period)

In 2023, the total debt of non-financial sectors in Hong Kong have amounted to around *** percent of the domestic gross domestic product (GDP). Private households had accumulated a total debt of **** percent of the GDP that year.

Household debt to GDP, in percent in Hong Kong, December, 2024 The most recent value is 88.1 percent as of December 2024, a decline compared to the previous value of 89 percent. Historically, the average for Hong Kong from March 1999 to December 2024 is 66.65 percent. The minimum of 50.7 percent was recorded in June 2007, while the maximum of 96.4 percent was reached in March 2023. | TheGlobalEconomy.com

Feature Articles on Finance - Statistics on Hong Kong's External Transactions and Positions of Financial Derivatives

Feature Articles on Finance - Salient Features of Hong Kong's External Direct Investment