Paying taxes: Labor tax and contributions in Hong Kong, China
Hong Kong, China: Paying taxes: Labor tax and contributions was 5.3% in 2019. ▬ Flat
Paying taxes: Labor tax and contributions in Hong Kong, China, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: labor tax and contributions in Hong Kong, China is 5.3%, measured in 2019. That is the highest value across all 15 years on record.
The figure is unchanged over ten years.
Over the whole period, paying taxes: labor tax and contributions in Hong Kong, China peaked at 5.3% in 2005 and was at its lowest, 4.9%, in 2013.
That places Hong Kong, China 165th out of 190 countries with data for 2019, putting it in the bottom quarter.
Paying taxes: Labor tax and contributions in Hong Kong, China, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 5.3% | — |
| 2006 | 5.3% | +0.0% |
| 2007 | 5.3% | +0.0% |
| 2008 | 5.3% | +0.0% |
| 2009 | 5.3% | +0.0% |
| 2010 | 5.3% | +0.0% |
| 2011 | 5.3% | +0.0% |
| 2012 | 5.3% | +0.0% |
| 2013 | 4.9% | -7.5% |
| 2014 | 5.1% | +4.1% |
| 2015 | 5.2% | +2.0% |
| 2016 | 5.3% | +1.9% |
| 2017 | 5.3% | +0.0% |
| 2018 | 5.3% | +0.0% |
| 2019 | 5.3% | +0.0% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 5.3% is below the median for high income countries, which is 15.8%, 34% of the median. (62 countries reporting)
- Hong Kong, China's 5.3% is below the median for East Asia & Pacific, which is 8.7%, 61% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 5.3% | 5.3% | 5 |
| 2010s | 5.2% | 4.9% | 5.3% | 10 |
Countries ranked near Hong Kong, China
More reference data data for Hong Kong, China
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0072 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 0.4132 (2050)
- Emission Totals - Direct emissions (N2O) - Agricultural Soils 0.0219 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 11.57 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 4.77 (2050)
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Burning - Crop residues 0 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 0.2428 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 1.38 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop 0 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Hong Kong, China?
- Paying taxes: labor tax and contributions in Hong Kong, China was 5.3% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Hong Kong, China?
- The highest recorded value was 5.3% in 2005.
- What is the lowest paying taxes: labor tax and contributions recorded in Hong Kong, China?
- The lowest recorded value was 4.9% in 2013.
- How does Hong Kong, China rank for paying taxes: labor tax and contributions?
- Hong Kong, China ranks 165th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Hong Kong, China?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Hong Kong, China data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.