Hong Kong recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2024. Government Budget in Hong Kong averaged 0.12 percent of GDP from 1999 until 2024, reaching an all time high of 7.30 percent of GDP in 2007 and a record low of -12.00 percent of GDP in 2020. source: GovHK
Government Budget in Hong Kong is expected to reach -2.40 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Government Budget is projected to trend around -2.50 percent of GDP in 2026 and -2.20 percent of GDP in 2027, according to our econometric models.