Hong Kong SAR, China: Broad money (% of GDP)

Key figures

What the numbers say

In 2025, Hong Kong SAR, China's broad money (% of GDP) rose 28.81 percentage points on 2024 (from 452.2% to 481%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +9.72 percentage points and a typical year strayed about 13.85 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 51.39 percentage points in 2020 and the biggest yearly fall was 16.91 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 11.11 percentage points a year. A straight line explains 84% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Hong Kong SAR, China had the 2nd highest value of the 84 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2025 ranking

• Japan — 2nd of 84: 246.78%
• Macao SAR, China — 3rd of 84: 201.21%
• Mauritius — 4th of 84: 142.32%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 35 values

Broad money (% of GDP) in nearby economies

• Australia — 133.12% (2025)
• Brunei Darussalam — 89.15% (2025)
• Cambodia — 124.8% (2025)
• China — 227.67% (2024)
• Fiji — 90.41% (2023)
• Indonesia — 42.54% (2025)
• Japan — 246.78% (2025)
• Korea, Rep. — 162.71% (2024)
• Macao SAR, China — 201.21% (2025)
• Malaysia — 120.64% (2025)
• Micronesia, Fed. Sts. — 84.87% (2021)
• Mongolia

More financial sector data for Hong Kong SAR, China

• DEC alternative conversion factor (LCU per US$) — US$7.8 (2025)
• Official exchange rate (LCU per US$, period average) — US$7.8 (2025)
• GDP deflator (base year varies by country) — 105.23 (2025)
• Inflation, GDP deflator (annual % growth) — 1.02% (2025)
• Market capitalization of listed domestic companies (current US$) — US$6.09 trillion (2025)
• Market capitalization of listed domestic companies (% of GDP) — 1,425% (2025)
• Listed domestic companies, total — 2,508 (2025)
• Stocks traded, total value (current US$) — US$5.86 trillion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Hong Kong SAR, China's broad money (% of GDP)?

481% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 305.27 percentage points from 175.73% in 1991. The highest value was 481% in 2025 and the lowest 160.59% in 1994.

How does Hong Kong SAR, China rank?

2nd highest of 84 economies with data for 2025.

Is the latest change in broad money (% of GDP) unusual for Hong Kong SAR, China?

In 2025, Hong Kong SAR, China's broad money (% of GDP) rose 28.81 percentage points on 2024 (from 452.2% to 481%). Across the 30 yearly changes before that (1995 to 2024), the average change was +9.72 percentage points and a typical year strayed about 13.85 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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