Hong Kong Government Debt To GDP

Hong Kong recorded a Government Debt to GDP of 33.10 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Hong Kong is reported by the GovHK. From 1988 until 2012, Hong Kong Government Debt To GDP averaged 25.4 Percent reaching an all time high of 34.6 Percent in December of 2010 and a record low of 13.7 Percent in December of 1992. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Hong Kong Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
33.10 33.80 34.60 13.70 32.36 | 2013/12 1988 - 2012 Percent Yearly

TO

Hong Kong Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget 3.20 2012-12-31 3.80 8.60 -6.26 3.17 2013-12-31 Percent of GDP [+]
Government Debt To GDP 33.10 2012-12-31 33.80 34.60 13.70 32.36 2013-12-31 Percent [+]
Government Budget Value 75862.00 2013-11-15 -53683.00 98775.00 -53683.00 24731.67 2014-03-31 HKD Million [+]
Government Spending 45234.00 2013-11-15 44441.00 46848.00 5720.00 45843.12 2014-03-31 HKD Million [+]
Credit Rating 95.39 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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