Makrognosis

Hong Kong Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:HK

Model score78 / 1009 Nov 2026
Grade equivalentA+model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank24th of 84economies scored

Makrognosis sovereign credit model scores Hong Kong at 78 out of 100 as of 9 November 2026, equivalent to A+ on the familiar letter scale — investment grade.

The score is up 2.4 points from 76 on 1 October 2026.

That places Hong Kong 24th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 12.0% of GDP, a fiscal balance of 0.3% of GDP, a current account balance of 13.3% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Hong Kong sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202675808590Robomacro
Hong Kong sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202678.2A+
1 October 202675.8A
31 July 202675.8A
30 July 202685.0AA-
26 July 202685.5AA-
21 June 202682.8AA-
18 June 202691.2AA
Get the Hong Kong sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/HK"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/HK",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Hong Kong, from official national and international statistics.

InputValueVintage
GDP per capitaUS$56,9832026
Real GDP growth, 5-year average2.4%2026
Inflation, recent average1.6%2026
Government debt12.0% of GDP2026
Fiscal balance0.3% of GDP2026
Current account balance13.3% of GDP2026
Foreign-exchange reserves5.7 months of imports2026
Governance (World Bank WGI composite)1.032026

How Hong Kong compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
19Austria9 Nov 202683
20France9 Nov 202682
21Singapore9 Nov 202682
22Jamaica9 Nov 202680
23Belgium9 Nov 202680
24Hong Kong9 Nov 202678
25Spain9 Nov 202678
26Estonia9 Nov 202676
27Italy9 Nov 202676
28Uruguay9 Nov 202675
29Portugal9 Nov 202675
30Poland9 Nov 202673

All 84 economies ranked →

Hong Kong economic indicators

Hong Kong GDP (Gross Domestic Product)Hong Kong GDP at current market prices (C&SD 310-31001, HK$ million)Hong Kong GDP in chained (2024) dollars, annual (C&SD 310-31001, HK$ million)Hong Kong Composite Consumer Price Index (2019/20=100)Hong Kong Inflation Rate (CPI)Hong Kong Unemployment RateHong Kong Unemployment Rate (unadjusted)Hong Kong 10-Year Government Bond YieldHong Kong Retail Sales Growth Rate (year on year)Hong Kong Trade Balance: Goods & ServicesHong Kong Value of Total Exports (domestic + re-exports)Hong Kong Value of Total ImportsHong Kong Dollar per US DollarHong Kong GDP Growth Rate (YoY %)Hong Kong GDP in US DollarsHong Kong Implicit price deflator of GDP (C&SD 310-31001, 2024=100)

FAQ

What is Hong Kong's credit rating?
Makrognosis sovereign credit model scores Hong Kong at 78/100 as of 9 November 2026, equivalent to A+ (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/HK returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.