Risk premium on lending (lending rate minus treasury bill rate, %) in Hong Kong
Hong Kong: Risk premium on lending (lending rate minus treasury bill rate, %) was 2.7% in 2025. ▲ Rising
Risk premium on lending in Hong Kong, 1992–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus treasury bill rate, %.
Analysis
The most recent figure for risk premium on lending in Hong Kong is 2.7%, measured in 2025.
Compared with earlier readings it is up 57.7% on the previous year and down 45.3% over ten years.
Over the whole period, risk premium on lending in Hong Kong peaked at 5.0% in 2015 and was at its lowest, 1.7%, in 2024.
Hong Kong ranks 56th of 86 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Risk premium on lending (lending rate minus treasury bill rate, %) in Hong Kong, year by year
| Year | lending rate minus treasury bill rate, % | Change |
|---|---|---|
| 1992 | 3.5% | — |
| 1993 | 3.3% | -4.9% |
| 1994 | 3.1% | -7.1% |
| 1995 | 3.2% | +2.3% |
| 1996 | 3.5% | +9.8% |
| 1997 | 2.5% | -28.9% |
| 1998 | 2.6% | +5.7% |
| 1999 | 3.1% | +20.6% |
| 2000 | 3.3% | +6.2% |
| 2001 | 3.6% | +6.2% |
| 2002 | 3.5% | -1.8% |
| 2003 | 4.2% | +21.9% |
| 2004 | 4.8% | +12.1% |
| 2005 | 3.5% | -26.1% |
| 2006 | 4.3% | +21.5% |
| 2007 | 4.4% | +3.5% |
| 2008 | 4.6% | +4.0% |
| 2009 | 4.9% | +7.1% |
| 2010 | 4.8% | -3.4% |
| 2011 | 4.9% | +2.1% |
| 2012 | 4.9% | +0.3% |
| 2013 | 4.9% | +0.1% |
| 2014 | 4.9% | +0.7% |
| 2015 | 5.0% | +1.5% |
| 2016 | 4.8% | -4.8% |
| 2017 | 4.5% | -5.2% |
| 2018 | 3.7% | -17.3% |
| 2019 | 3.4% | -9.8% |
| 2020 | 4.6% | +36.8% |
| 2021 | 5.0% | +8.0% |
| 2022 | 3.5% | -29.0% |
| 2023 | 1.9% | -45.7% |
| 2024 | 1.7% | -9.4% |
| 2025 | 2.7% | +57.7% |
Hong Kong compared with similar countries
- Hong Kong's 2.7% is below the median for high income countries, which is 2.9%, 94% of the median. (26 countries reporting)
- Hong Kong's 2.7% is below the median for East Asia & Pacific, which is 3.4%, 80% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.1% | 2.5% | 3.5% | 8 |
| 2000s | 4.1% | 3.3% | 4.9% | 10 |
| 2010s | 4.6% | 3.4% | 5.0% | 10 |
| 2020s | 3.2% | 1.7% | 5.0% | 6 |
Countries ranked near Hong Kong
- 53 Bolivia 3.0% compare
- 54 Vietnam 2.9% compare
- 55 Philippines 2.8% compare
- 57 Montenegro 2.6% compare
- 58 Namibia 2.2% compare
- 59 Azerbaijan 2.2% compare
More financial sector data for Hong Kong
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -3.35 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.7308 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 41,641 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.454 % change on previous year (2023)
- Reserves excluding gold (SDR), per capita 42,075 SDR per person (2023)
- Total reserves (gold at market value) (SDR), annual growth rate -0.4501 % change on previous year (2023)
- Total reserves (gold at market value) (SDR), per capita 42,088 SDR per person (2023)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.4504 % change on previous year (2023)
- Total reserves (gold at national valuation) (SDR), per capita 42,088 SDR per person (2023)
- Total reserves in months of imports, annual growth rate -0.5027 % change on previous year (2023)
Frequently asked questions
- What is risk premium on lending in Hong Kong?
- Risk premium on lending in Hong Kong was 2.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest risk premium on lending recorded in Hong Kong?
- The highest recorded value was 5.0% in 2015.
- What is the lowest risk premium on lending recorded in Hong Kong?
- The lowest recorded value was 1.7% in 2024.
- How does Hong Kong rank for risk premium on lending?
- Hong Kong ranks 56th out of 86 countries with data for 2025.
- Is risk premium on lending rising or falling in Hong Kong?
- Over the last ten years it is down 45.3%. The long-run trend across the full record is rising.
- Where does this Hong Kong data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Risk premium on lending (lending rate minus treasury bill rate, %). Statizoid updates them automatically from the source API.
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About this data
Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.