🇭🇰 Hong Kong
Public Sector Debt · 2026
Total Debt
20.4%
of GDP
Global Rank
#177
of 192
S&P Rating
AA+
Credit rating
SOE Debt
+6.4%
1 categories
Sovereign Wealth
131%
of GDP in SWF assets
Where the Debt Sits
Central Government
Infrastructure
Central Government: 14.0%Infrastructure: 6.4%
Who Holds This Debt
Holder Breakdown
Domestic 65%
Foreign 35%
Domestic: 65%Foreign: 35%
Currency Denomination
Local 60%
Foreign 40%
Local currency: 60%Foreign currency: 40%
Full Debt Breakdown
Central Government14.0% of GDP
Central GovernmentIMF WEO — General Government Debt
14.0%Infrastructure SOEs6.4% of GDP
Airport Authority Hong KongAAHK 2024 / SCMPHK$123B for three-runway expansion
3.9%MTR Corporation (75% govt)MTR 2024 Annual ResultsGross debt HK$77.6B (~$10B)
2.5%Total Corporate Debt244.4% of GDP
Nonfinancial corporate debtBIS/FRED Q3 2025
244.4%Household Debt87.6% of GDP
Household debtBIS/FRED Q3 2025
87.6%All Layers Total352.4%
Credit Ratings
S&P
AA+
Moody's
Aa3
Fitch
AA-
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202614.0% GDP
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