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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 11.90 % — #2 of 124 countries on the atlas (lower is better). Period 2025.

11.90%

Checked 8 Sept 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

11.90 %6.00 %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: 11.90 %20042014202511.90 %
22 official observations, 2004 → 2025. Every point is a published value — never interpolated.
Rank
#2 of 124
lower is better
Ranked behind
98 %
122 of 124 countries
Latest move
▲ 2.70 pp
since 2024
Full series
▲ 10.00 pp
since 2004

In Asia: #2 of 37vs median 54.55 %: −42.65 pp (better)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Hong Kong: ahead of 98 % of the 124 countries with a published government debtHong Kong 11.90 % →12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. 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 Brunei1.50 %−10.40 pp
2 Hong Kong11.90 %—
3 Haiti12.30 %+0.40 pp
4 Kuwait14.60 %+2.70 pp
5 Russia17.20 %+5.30 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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