Hong Kong, China vs Japan: Liquid liabilities to GDP

Hong Kong, China
438.8%
in 2021
Japan
287.9%
in 2021
Hong Kong, China rank
2nd
Japan rank
3rd

Liquid liabilities to GDP over time

  • Hong Kong, China
  • Japan
0100200300400500196019902021

How they compare

Hong Kong, China currently reports 438.8% against 287.9% in Japan, a difference of 150.9%.

That makes Hong Kong, China's figure about 1.5 times Japan's.

The two have swapped places 1 time across 31 shared years of data; in 1991 it was Japan ahead.

Hong Kong, China ranks 2nd and Japan ranks 3rd of 186 countries.

Across the 4 decades both report, Hong Kong, China averaged higher in 3 and Japan in 1.

Head to head by decade

Decade Hong Kong, China Japan Difference Ahead
1990s 174.6% 202.0% 27.4% Japan
2000s 264.6% 196.2% 68.4% Hong Kong, China
2010s 361.8% 222.0% 139.8% Hong Kong, China
2020s 446.7% 284.3% 162.4% Hong Kong, China

Averages of every year both report within each decade.

Frequently asked questions

Which has higher liquid liabilities to gdp, Hong Kong, China or Japan?
Hong Kong, China, at 438.8% against 287.9% in Japan as of 2021.
What is the difference in liquid liabilities to gdp between Hong Kong, China and Japan?
150.9%, with Hong Kong, China ahead.
How many years of comparable data are there for Hong Kong, China and Japan?
31 years are reported by both, from 1991 to 2021.
How do Hong Kong, China and Japan rank globally for liquid liabilities to gdp?
Hong Kong, China ranks 2nd and Japan ranks 3rd of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Liquid liabilities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Individual pages

Share, cite or embed this page

Cite this page

Hong Kong, China vs Japan: Liquid liabilities to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 08 September 2026, from https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/hong-kong-sar-china/japan/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/hong-kong-sar-china/japan/">Hong Kong, China vs Japan: Liquid liabilities to GDP</a> — Statizoid

About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,545 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.