🇭🇰 Hong Kong National Debt Clock
Live tracker for Hong Kong government debt. The national debt currently stands at approximately $63.6 billion, growing at $411 per second based on IMF projections. Debt-to-GDP: 12%. Per-citizen share: $8,432.
Among the 194 governments tracked here, Hong Kong ranks 184th by debt-to-GDP, 71st by total debt and 72nd by debt per person.
Hong Kong's Debt Trajectory (2015–2025)
Hong Kong's ratio has risen past its previous high of 9% (2024) to roughly 12% at end-2025. Source: IMF World Economic Outlook, October 2026, general government gross debt.
Hong Kong Net Debt and Interest
The IMF publishes no net debt figure for Hong Kong, so only the gross figure can be shown. On the IMF's figures Hong Kong received more in interest than it owed in 2025: about 0.7% of GDP on net, or $3.2 billion.
Source: IMF World Economic Outlook, October 2026, general government, 2025, mostly IMF estimates. Net debt leaves out equity holdings, and what counts as an asset varies by country. Net interest is the primary balance minus the overall balance. A government in default or arrears can show a low figure that understates what it owes. Data · method.
About Hong Kong's National Debt
Hong Kong had almost no government debt until recently: on IMF figures it stood near 0.1% of GDP from 2015 to 2018. After several years of budget deficits the government began borrowing through its Infrastructure Bond and Government Sustainable Bond programmes, saying the money goes to infrastructure rather than day-to-day spending, and the ratio has risen to about 12%. Its Basic Law asks it to keep spending within revenue, and its fiscal reserves are large, though the government projects them to fall to about 13.9% of GDP by March 2030. On IMF figures it still receives more in interest than it pays.
Hong Kong's debt-to-GDP ratio of 12% is low by international standards: higher than 5% of the 194 governments tracked here. No ratio is safe or dangerous on its own — whether a debt is sustainable depends on the interest rate on it, how fast the economy grows, the currency it is owed in and who holds it. By total government debt, Hong Kong ranks 71st of the 194 governments tracked here.
At the current borrowing rate of $411 per second, Hong Kong adds about $36 million to its government debt every day — roughly $13.0 billion per year. Each of Hong Kong's 8 million residents carries an individual share of approximately $8,432. That is below the world average of roughly $14,700 in government debt per person.
Figures are computed by Global Debt Clock by linear extrapolation from each country's baseline figure, named in the source line on this page (for most countries, the IMF World Economic Outlook, October 2026). Actual debt changes through discrete bond issuances — these counters illustrate the approximate scale and pace of sovereign borrowing.
Hong Kong National Debt — Frequently Asked Questions
What is Hong Kong's national debt right now?
Hong Kong's national debt is approximately $63.6 billion as of November 8, 2026, growing at $411 per second. Its debt-to-GDP ratio is 12% and each citizen's share is about $8,432.
How fast is Hong Kong's debt growing?
Hong Kong's government debt is growing at approximately $411 per second — about $36 million per day — derived from the IMF's projections for 2026.
What is Hong Kong's debt per capita?
Each of Hong Kong's 8 million residents carries a notional share of approximately $8,432 of the national debt.
What is Hong Kong's debt-to-GDP ratio?
Hong Kong's debt-to-GDP ratio is 12%. That is higher than 5% of the 194 governments tracked here.
How much interest does Hong Kong pay on its debt?
On the IMF's figures Hong Kong received more in interest than it owed in 2025: about 0.7% of GDP on net, or $3.2 billion.
Why is Hong Kong's government debt at this level?
Hong Kong had almost no government debt until recently: on IMF figures it stood near 0.1% of GDP from 2015 to 2018. After several years of budget deficits the government began borrowing through its Infrastructure Bond and Government Sustainable Bond programmes, saying the money goes to infrastructure rather than day-to-day spending, and the ratio has risen to about 12%. Its Basic Law asks it to keep spending within revenue, and its fiscal reserves are large, though the government projects them to fall to about 13.9% of GDP by March 2030. On IMF figures it still receives more in interest than it pays.
Compare Hong Kong vs another country
Live side-by-side debt comparisons — shareable cards for journalists and social.
Further reading
Other Asia-Pacific countries
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Data & Citation
Source: IMF WEO October 2026 (GGXWDG, end-2025 stock) · baseline anchored .
Methodology: debt = 52,562,218,785 + 411 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=hk (live JSON) · /data/debt.json (full dataset)
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