Hong Kong SAR, China Government Revenue
General government revenue as % of GDP GGR_NGDP
Hong Kong SAR, China's government revenue was 18.47% in 2025, ranked 143rd globally. This represents a 5.9% increase from 2024. Data from IMF WEO, covering 1981–2025.
Overview
Hong Kong SAR, China's government revenue stood at 18.47% in 2025, a rise of +1.03% from 2024. The IMF projects 18.47% by 2025. Hong Kong SAR, China ranked 143rd globally.
Hong Kong SAR’s government revenue as a share of GDP stood at 18.47 in 2025, placing it 143rd in the IMF World Economic Outlook ranking and slightly below peers such as Paraguay (18.64) and Viet Nam (18.44). The jurisdiction’s fiscal capacity has fluctuated over the 45‑year series, reaching an all‑time high of 25.42 in 2021 during the post‑pandemic rebound, while the low of 13.41 in 2001 reflected the Asian financial crisis and a contraction in tax bases. The early 1980s figure of 19.92 indicates that revenue levels were already relatively robust before the 1997 handover, but the subsequent volatility suggests sensitivity to external shocks and the evolving role of the service‑oriented economy. Recent declines from the 2021 peak are linked to slower growth, tighter fiscal policy and pressures on the property market, which remains a major source of revenue. If diversification away from property‑related taxes accelerates and fiscal reforms broaden the tax base, the upward trajectory observed in the early 2020s could be restored.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 21.38% | - | - |
| 2029* IMF | 21.38% | - | - |
| 2028* IMF | 20.66% | - | - |
| 2027* IMF | 20.15% | - | - |
| 2026* IMF | 19.37% | - | - |
| 2025* IMF | 18.47% | - | - |
| 2025 | 18.47% | +1.03% | #143 |
| 2024 | 17.45% | −0.61% | #153 |
| 2023 | 18.06% | −3.66% | #145 |
| 2022 | 21.72% | −3.70% | #129 |
| 2021 | 25.42% | +4.74% | #103 |
| 2020 | 20.68% | +0.31% | #131 |
| 2019 | 20.37% | −0.37% | #138 |
| 2018 | 20.74% | −2.11% | #135 |
| 2017 | 22.85% | +0.21% | #116 |
| 2016 | 22.64% | +4.01% | #118 |
| 2015 | 18.63% | −2.22% | #147 |
| 2014 | 20.85% | −0.20% | #138 |
| 2013 | 21.04% | −0.39% | #136 |
| 2012 | 21.44% | −0.96% | #135 |
| 2011 | 22.40% | +1.67% | #126 |
Detected Pattern
Analysis
Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Hong Kong SAR, China's government revenue was 18.47% in 2025. Ranked 143rd globally. This represents a 5.9% increase from the previous year.
Hong Kong SAR, China's government revenue peaked at 25.42% in 2021.
The lowest government revenue in Hong Kong SAR, China was 13.41% in 2001.
Hong Kong SAR, China ranks 143rd globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Hong Kong SAR, China's government revenue is projected to reach 18.47% by 2025 based on IMF projection.
The government revenue of Hong Kong SAR, China in 2025 was 18.47%. This ranks 143rd in the world.
Cite this page
@misc{historysaid_hong-kong-sar-china_government-revenue,
title = {Hong Kong SAR, China Government Revenue},
url = {https://historysaid.com/hong-kong-sar-china/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}