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MacroHong Kong

Government debt in Hong Kong

How indebted is the state my taxes would go to?

Hong Kong's government debt is 12.10 % — #2 of 125 countries on the atlas (lower is better). Period 2025.

12.10%

Checked 23 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.1 years' worth of the country's entire economic output.

Government debt in Hong Kong over time

12.10 %6.10 %0.10 %0.10 % · 20142004: 1.90 %2005: 1.70 %2006: 1.40 %2007: 1.20 %2008: 1.00 %2009: 0.70 %2010: 0.60 %2011: 0.60 %2012: 0.50 %2013: 0.50 %2014: 0.10 %2015: 0.10 %2016: 0.10 %2017: 0.10 %2018: 0.10 %2019: 0.30 %2020: 1.00 %2021: 1.90 %2022: 4.30 %2023: 6.30 %2024: 9.20 %2025: 12.10 %20042014202512.10 %
22 official observations, 2004 → 2025. Every point is a published value — never interpolated.
Rank
#2 of 125
lower is better
Ranked behind
98 %
123 of 125 countries
Latest move
▲ 2.90 pp
since 2024
Full series
▲ 10.20 pp
since 2004

In Asia: #2 of 37vs median 54.70 %: −42.60 pp (better)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Hong Kong: ahead of 98 % of the 125 countries with a published government debtHong Kong 12.10 % →12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Hong Kong is ahead of 98 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Hong Kong
1 Brunei1.60 %−10.50 pp
2 Hong Kong12.10 %—
3 Haiti12.30 %+0.20 pp
4 Kuwait14.60 %+2.50 pp
5 Russia16.60 %+4.50 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Hong Kong

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Hong Kong with another country →Everything about Hong Kong →
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