Hong Kong SAR, China Household Debt: % of GDP

1982 - 2024 | Quarterly | % | CEIC Data

Key information about Hong Kong SAR (China) Household Debt: % of GDP

  • Hong Kong SAR (China) household debt accounted for 89.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 90.0 % in the previous quarter.
  • Hong Kong SAR (China) household debt to GDP ratio is updated quarterly, available from Mar 1982 to Sep 2024.
  • The data reached an all-time high of 96.2 % in Mar 2023 and a record low of 14.6 % in Jun 1982.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Hong Kong Monetary Authority provides Household Debt in local currency. Census and Statistics Department provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans. Household Debt prior to Q4 2018 excludes Working Capital Loans.


Related information about Hong Kong SAR (China) Household Debt: % of GDP

  • In the latest reports, Hong Kong SAR (China) Household Debt reached 358.4 USD bn in Sep 2024.
  • Money Supply M2 in Hong Kong SAR (China) increased 8.5 % YoY in Sep 2024.
  • Hong Kong SAR (China) Foreign Exchange Reserves was measured at 422.7 USD bn in Sep 2024.
  • The Foreign Exchange Reserves equaled 9.3 Months of Import in May 2023.
  • Hong Kong SAR (China) Domestic Credit reached 981.4 USD bn in May 2024, representing an drop of 2.3 % YoY.
  • The country's Non Performing Loans Ratio stood at 2.1 % in Jun 2024, compared with the ratio of 1.9 % in the previous quarter.

View Hong Kong SAR, China's Household Debt: % of GDP from Mar 1982 to Sep 2024 in the chart:

Hong Kong SAR, China Household Debt: % of GDP

What was Hong Kong SAR, China's Household Debt: % of GDP in Sep 2024?

Hong Kong SAR (China) household debt accounted for 89.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 90.0 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
89.0 Sep 2024 90.0 Jun 2024 14.6 Jun 1982 96.2 Mar 2023 % quarterly Mar 1982 - Sep 2024

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 11.9 Jun 2024 quarterly Dec 2008 - Jun 2024
Argentina (%) 4.1 Jun 2024 quarterly Dec 2004 - Jun 2024
Armenia (%) 28.4 Sep 2024 quarterly Dec 2000 - Sep 2024
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 44.6 Jun 2024 quarterly Mar 1999 - Jun 2024
Azerbaijan (%) 11.9 Mar 2024 quarterly Mar 2005 - Mar 2024
Belarus (%) 10.1 Jun 2024 quarterly Dec 2006 - Jun 2024
Belgium (%) 58.4 Jun 2024 quarterly Dec 1992 - Jun 2024
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.5 Jun 2024 quarterly Dec 2008 - Jun 2024
Botswana (%) 20.5 Jun 2024 quarterly Dec 2002 - Jun 2024
Brunei (%) 14.3 Jun 2024 quarterly Dec 2013 - Jun 2024
Bulgaria (%) 27.8 2023 yearly 1995 - 2023
Cambodia (%) 26.6 2022 yearly 2008 - 2022
Canada (%) 99.1 Sep 2024 quarterly Mar 1969 - Sep 2024
Chile (%) 39.2 Sep 2024 quarterly Mar 2009 - Sep 2024
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 31.5 Jun 2024 quarterly Dec 2015 - Jun 2024
Croatia (%) 32.7 Jun 2024 quarterly Mar 2012 - Jun 2024
Cyprus (%) 83.3 2022 yearly 1995 - 2022
Czech Republic (%) 34.1 Jun 2024 quarterly Mar 2004 - Jun 2024
Denmark (%) 86.5 2022 yearly 1994 - 2022
Ecuador (%) 17.2 Jun 2024 quarterly Dec 2006 - Jun 2024
Egypt (%) 7.4 Jun 2024 quarterly Dec 2002 - Jun 2024
Estonia (%) 38.7 Jun 2024 quarterly Dec 2003 - Jun 2024
European Union (%) 44.4 Sep 2024 quarterly Sep 1997 - Sep 2024
Finland (%) 75.9 2023 yearly 1995 - 2023
France (%) 71.6 2023 yearly 1977 - 2023
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 50.4 Jun 2024 quarterly Dec 1991 - Jun 2024
Greece (%) 46.2 Jun 2024 quarterly Dec 1997 - Jun 2024
Hong Kong SAR, China (%) 89.0 Sep 2024 quarterly Mar 1982 - Sep 2024
Hungary (%) 19.7 Jun 2024 quarterly Dec 1995 - Jun 2024
Iceland (%) 73.1 Sep 2024 quarterly Dec 1995 - Sep 2024
India (%) 17.4 2024 yearly 1998 - 2024
Indonesia (%) 9.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Ireland (%) 32.1 Jun 2024 quarterly Mar 2002 - Jun 2024
Israel (%) 42.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Italy (%) 48.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Japan (%) 65.4 Jun 2024 quarterly Dec 1997 - Jun 2024
Jordan (%) 81.0 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 15.3 Dec 2023 quarterly Dec 1997 - Dec 2023
South Korea (%) 93.9 Jun 2024 quarterly Dec 2002 - Jun 2024
Kosovo (%) 22.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Kuwait (%) 0.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 8.7 Sep 2024 quarterly Dec 2000 - Sep 2024
Latvia (%) 22.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Lithuania (%) 28.1 Jun 2024 quarterly Dec 1995 - Jun 2024
Luxembourg (%) 68.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Macau SAR, China (%) 80.5 Sep 2024 quarterly Dec 2001 - Sep 2024
North Macedonia (%) 27.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 40.3 Sep 2024 quarterly Dec 2003 - Sep 2024
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.5 Sep 2024 quarterly Dec 2000 - Sep 2024
Mongolia (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Montenegro (%) 25.2 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 23.5 2023 yearly 2001 - 2023
Netherlands (%) 97.9 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (%) 91.0 Jun 2024 quarterly Dec 1990 - Jun 2024
Norway (%) 90.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Panama (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Peru (%) 15.9 Sep 2024 quarterly Mar 2001 - Sep 2024
Philippines (%) 11.0 Jun 2024 quarterly Mar 2009 - Jun 2024
Poland (%) 23.5 Jun 2024 quarterly Dec 2003 - Jun 2024
Portugal (%) 66.5 Jun 2024 quarterly Dec 1999 - Jun 2024
Romania (%) 15.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Russia (%) 20.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Saudi Arabia (%) 11.9 Jun 2024 quarterly Dec 2003 - Jun 2024
Serbia (%) 16.9 Sep 2024 quarterly Dec 2003 - Sep 2024
Singapore (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Slovakia (%) 44.6 Jun 2024 quarterly Mar 2004 - Jun 2024
Slovenia (%) 27.4 Jun 2024 quarterly Mar 2004 - Jun 2024
South Africa (%) 40.7 Sep 2024 quarterly Mar 1969 - Sep 2024
Spain (%) 48.9 Jun 2024 quarterly Dec 1989 - Jun 2024
Sri Lanka (%) 6.5 Jun 2024 quarterly Dec 2010 - Jun 2024
Sweden (%) 86.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 128.2 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.1 2022 yearly 2000 - 2022
Thailand (%) 89.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.3 Jun 2024 quarterly Dec 2014 - Jun 2024
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 82.1 Jun 2024 quarterly Mar 1987 - Jun 2024
United States (%) 62.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Uruguay (%) 11.1 Sep 2024 quarterly Dec 2005 - Sep 2024
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Hong Kong SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.1 Sep 2024 quarterly Sep 1999 - Sep 2024
Consolidated Fiscal Balance (USD mn) -5,408.484 Sep 2024 monthly Oct 1998 - Sep 2024
Tax Revenue (USD mn) 4,221.749 Sep 2024 quarterly Sep 1979 - Sep 2024
Tax Revenue: % of GDP (%) 4.1 Sep 2024 quarterly Sep 1979 - Sep 2024
National Government Debt (USD mn) 181,662.1 2023 yearly 2003 - 2023
Government Debt: % of GDP (%) 50.2 2023 yearly 2003 - 2023
Forecast: Government Expenditure (HKD bn) 865.064 2030 yearly 1982 - 2030
Forecast: Government Net Debt (HKD bn) 535.809 2030 yearly 2005 - 2030
Forecast: Government Revenue (HKD bn) 902.207 2030 yearly 1982 - 2030
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.054 2029 yearly 1980 - 2029
Trade Balance (USD mn) -3,990.1 Oct 2024 monthly Jan 1957 - Oct 2024
Total Exports (USD mn) 50,575.7 Oct 2024 monthly Jan 1957 - Oct 2024
Total Exports Growth (%) 3.5 Oct 2024 monthly Jan 1953 - Oct 2024
Aluminum: Exports (USD th) 192,379.347 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,261,766.538 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 215,338.532 2022 yearly 1995 - 2022
Total Imports (USD mn) 54,565.9 Oct 2024 monthly Jan 1957 - Oct 2024
Total Imports Growth (%) 4.5 Oct 2024 monthly Jan 1953 - Oct 2024
Imports: Medicament (USD th) 3,466,916.054 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 932,558.317 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,304.036 Oct 2024 monthly Apr 1964 - Oct 2024
Total Imports from USA (USD mn) 2,424.109 Oct 2024 monthly Apr 1964 - Oct 2024
Total Exports to China (USD mn) 30,723.428 Oct 2024 monthly Apr 1964 - Oct 2024
Total Imports from China (USD mn) 23,153.632 Oct 2024 monthly Apr 1964 - Oct 2024
Exports: Office Machines & Automatic Data Processing Machines (HKD mn) 45,957.686 Oct 2024 monthly Jan 1991 - Oct 2024
Exports: Electrical Machinery, Apparatus and Appliances (HKD mn) 188,951.151 Oct 2024 monthly Jan 1991 - Oct 2024
Exports: Road Vehicles, Including Air-Cruhion Vehicles (HKD mn) 1,025.486 Oct 2024 monthly Jan 1991 - Oct 2024
Exports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 49,275.275 Oct 2024 monthly Jan 1991 - Oct 2024
Exports: General Industrial Machinery and Equipment nes (HKD mn) 2,474.080 Oct 2024 monthly Jan 1991 - Oct 2024
Imports: Telecom & Sound Recording & Reproducing Equipment (HKD mn) 50,954.026 Oct 2024 monthly Jan 1991 - Oct 2024
Imports: Office Machines & Automatic Data Processing Machines (HKD mn) 39,684.169 Oct 2024 monthly Jan 1991 - Oct 2024
Imports Value Index: sa (2016=100) 117.00 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Value Index: sa (2016=100) 113.40 Feb 2018 monthly Jan 2002 - Feb 2018
Total Exports Quantum Index (2016=100) 79.20 Feb 2018 monthly Jan 1982 - Feb 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 9,622.0 Jun 2024 quarterly Mar 1999 - Jun 2024
Current Account Balance (USD mn) 12,924.5 Jun 2024 quarterly Mar 1999 - Jun 2024
Current Account Balance: % of GDP (%) 13.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Direct Investment (USD mn) 32,171.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Direct Investment: % of GDP (%) 33.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment (USD mn) 955.041 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 1.0 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -2,930.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 3,885.274 Jun 2024 quarterly Mar 1999 - Jun 2024
External Debt (USD mn) 1,886,173.7 Jun 2024 quarterly Mar 2001 - Jun 2024
External Debt: % of GDP (%) 481.7 2023 yearly 2001 - 2023
External Debt: Short Term (USD mn) 1,138,243.5 Jun 2024 quarterly Mar 2001 - Jun 2024
External Debt: Short Term: % of GDP (%) 300.3 2023 yearly 2001 - 2023
Forecast: Current Account Balance (USD bn) 43.397 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 1,832,456.745 Jun 2024 quarterly Mar 2010 - Jun 2024
BoP: FA: Portfolio Investment (PI) (HKD mn) 376,553.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Goods: Debit (HKD mn) 1,211,051.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Goods (HKD mn) -14,219.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Net Errors and Omissions (HKD mn) 32,421.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: DI: Assets (AS) (HKD mn) 75,220.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: PInc: Debit (HKD mn) 506,009.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Current Account (CA) (HKD mn) 100,321.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Current Account: Credit (HKD mn) 1,991,230.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Capital Account (HKD mn) -204.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CFA: Reserve Assets (HKD mn) -62,671.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: Other investment (OI) (HKD mn) 14,816.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: Financial Derivatives (FD) (HKD mn) -19,168.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: FD: Liabilities (HKD mn) -122,304.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Overall Balance (HKD mn) -62,671.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Services: Debit (HKD mn) 164,814.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: PInc: Credit (HKD mn) 596,245.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Capital Account: Debit (HKD mn) 205.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Current Account: Debit (HKD mn) 1,890,909.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Secondary Income (SInc) (HKD mn) -5,137.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Services: Credit (HKD mn) 194,924.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: OI: Assets (HKD mn) 94,378.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: SInc: Debit (HKD mn) 8,804.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: FD: Assets (HKD mn) -141,472.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Financial Account (FA) (HKD mn) 133,254.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: OI: Liabilities (HKD mn) 79,562.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: Direct Investment (DI) (HKD mn) -176,277.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: DI: Liabilities (LB) (HKD mn) 251,497.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: PI: Assets (AS) (HKD mn) 384,019.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Primary Income (PInc) (HKD mn) 90,236.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: FA: PI: Liabilities (LB) (HKD mn) 7,466.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Services (HKD mn) 30,110.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: Capital Account: Credit (HKD mn) 1.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: SInc: Credit (HKD mn) 3,667.000 Jun 2024 quarterly Mar 1999 - Jun 2024
BoP: CA: Goods: Credit (HKD mn) 1,196,935.000 Jun 2024 quarterly Mar 1999 - Jun 2024
International Investment Position (IIP): Assets (HKD mn) 50,535,149.000 Jun 2024 quarterly Mar 2010 - Jun 2024
IIP: Net (HKD mn) 14,308,372.000 Jun 2024 quarterly Mar 2010 - Jun 2024
IIP: Liabilities (HKD mn) 36,226,777.000 Jun 2024 quarterly Mar 2010 - Jun 2024
External Debt (ED): Total (HKD mn) 14,727,810.000 Jun 2024 quarterly Mar 2002 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Sep 2024 quarterly Mar 1997 - Sep 2024
Household Debt: % of GDP (%) 89.0 Sep 2024 quarterly Mar 1982 - Sep 2024
Money Supply M1 (USD mn) 207,447.786 Oct 2024 monthly Jan 1985 - Oct 2024
Money Supply M2 (USD mn) 2,346,288.226 Oct 2024 monthly Dec 1980 - Oct 2024
M2 Growth (%) 8.5 Sep 2024 monthly Dec 1981 - Sep 2024
Foreign Exchange Reserves (USD mn) 421,157.0 Oct 2024 monthly Apr 2000 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 105.488 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 9.3 May 2023 monthly Apr 2000 - May 2023
Gold Reserves (USD mn) 186.000 Oct 2024 monthly Dec 1990 - Oct 2024
Total Deposits (USD mn) 2,209,142.325 Sep 2024 monthly Jan 1991 - Sep 2024
Total Deposits Growth (%) 8.7 Sep 2024 monthly Jan 1992 - Sep 2024
Domestic Credit (USD mn) 1,037,048.3 Sep 2024 monthly Dec 1990 - Sep 2024
Domestic Credit Growth (%) 3.0 Sep 2024 monthly Dec 1991 - Sep 2024
Debt Service Ratio: Private Non-Financial Sector (%) 37.400 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 355.810 Dec 2023 quarterly Dec 1990 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 1,387.084 Dec 2023 quarterly Dec 1978 - Dec 2023
Household Debt (USD mn) 358,418.1 Sep 2024 quarterly Mar 1982 - Sep 2024
Total Loans (USD mn) 1,269,334.229 Oct 2024 monthly Dec 1978 - Oct 2024
Total Loans Growth (%) -3.09 Sep 2024 monthly Dec 1979 - Sep 2024
Private Debt: % of Nominal GDP (%) 199.08 Sep 2024 quarterly Dec 1973 - Sep 2024
Deposits: Renminbi: Total Outstandings (RMB mn) 554,316.75 Mar 2018 monthly Feb 2004 - Mar 2018
HK: Loans & Advances: Total (HKD mn) 9,652,390.44 Mar 2018 monthly Dec 1978 - Mar 2018
HK: Residential Mortgage: Value: New Loans Made (HKD mn) 29,750.00 Mar 2018 monthly Dec 2000 - Mar 2018
HK: Residential Mortgage: Value: Outstanding Loans (OL) (HKD mn) 1,228,442.00 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -11.0 Dec 2024 quarterly Mar 2009 - Dec 2024
BTS: Expected Changes: BS: sa: Retail (%) -19.000 Dec 2024 quarterly Mar 2008 - Dec 2024
BTS: Expected Changes: Business Situation (BS): sa (%) -3.000 Dec 2024 quarterly Mar 2008 - Dec 2024

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