Hong Kong Government Debt to GDP — 2026 Data & Trend
Hong Kong's government debt was 12.07% in December 2025, up from 9.21% the previous year. A year earlier it stood at 9.21%.
Hong Kong's government debt stands at 12.07% as of December 2025. The government debt currently sits at 12.07% (up from 9.21% in the prior year). Across the tracked window it has ranged between 0.05% and 12.07%, and is 2.86% higher than a year ago.
The trend
Among the 192 economies tracked on this platform, Hong Kong ranks #184 on government debt by latest value. It rose from 9.21% in the previous year, and compares with a year-earlier 9.21%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2025 | 12.07% |
| Dec 2024 | 9.21% |
| Dec 2023 | 6.33% |
| Dec 2022 | 4.28% |
| Dec 2021 | 1.94% |
| Dec 2020 | 1.00% |
| Dec 2019 | 0.27% |
| Dec 2018 | 0.05% |
Data: Source: IMF — International Reserves and Foreign Currency Liquidity (IRFCL), International Liquidity (IL), Monetary and Financial Statistics (MFS), World Economic Outlook (WEO). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does Hong Kong Have in 2026?
Hong Kong's government debt was 12.07% in December 2025, up from 9.21% the previous year. A year earlier it stood at 9.21%.
Is the government debt rising or falling in Hong Kong?
It rose in the latest reading — 12.07% in December 2025 versus 9.21% a year earlier. Year on year it is higher.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).