Government Spending in Hong Kong increased to 71746 HKD Million in the third quarter of 2019 from 67851 HKD Million in the second quarter of 2019. Hong Kong Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Hong Kong averaged 36666.76 HKD Million from 1973 until 2019, reaching an all time high of 73969 HKD Million in the first quarter of 2019 and a record low of 7694 HKD Million in the second quarter of 1973. This page provides - Hong Kong Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong is expected to be 73845.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hong Kong to stand at 72822.00 in 12 months time. In the long-term, the Hong Kong Government Spending is projected to trend around 74643.00 HKD Million in 2021 and 76733.00 HKD Million in 2022, according to our econometric models.


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Hong Kong Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
71746.00 67851.00 73969.00 7694.00 1973 - 2019 HKD Million Quarterly
Constant Prices 2016, NSA


Hong Kong Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.