Formal & Mobile Money Borrowing Statistics in Hong Kong (2026)
In 2021, 70% of adults in Hong Kong borrowed from a formal financial institution or using a mobile money account, according to World Bank Global Findex data. Up from 62.1% in 2017 to 70% in 2021 (+7.9 percentage points). Hong Kong ranks #1 of 16 economies in East Asia & Pacific on this measure, and #4 of 142 globally.
Key Statistics
- Latest value (2021)
- 70% (2021)
- Formal & Mobile Money Borrowing in Hong Kong as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +7.9 pp (2021)
- Up from 62.1% in 2017 to 70% in 2021 (+7.9 percentage points).
- Earliest value in this dataset (2014)
- 60% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 60% in 2014 to 70% in 2021.
- Record high (2021)
- 70% (2021)
- The 2021 value is the highest in the available World Bank Global Findex series for Hong Kong.
- Rank in East Asia & Pacific
- #1 of 16 (2021)
- Hong Kong ranks 1 of 16 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #4 of 142 (2021)
- Hong Kong ranks 4 of 142 countries with data globally.
- East Asia & Pacific average
- 34.1% (2021)
- Hong Kong (70%) is above the average of 34.1% across the 16 countries in East Asia & Pacific with data.
- Borrowed from a formal bank or similar financial institution (% age 15+) (2021)
- 70% (2021)
- Related indicator from World Bank Global Findex.
- Internet use in Hong Kong (2024)
- 95.8% (2024)
- 95.8% of the population in Hong Kong used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 7.5 million (2024)
- Hong Kong had a population of 7.5 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 70% | +7.9 pp |
| 2017 | 62.1% | +2.1 pp |
| 2014 | 60% | — |
Frequently asked questions
What share of adults in Hong Kong borrowed from a formal financial institution or using a mobile money account?
70% of adults in Hong Kong borrowed from a formal financial institution or using a mobile money account in 2021, according to World Bank Global Findex data.
How has formal & mobile money borrowing in Hong Kong changed over time?
World Bank Global Findex data show a rise from 60% in 2014 to 70% in 2021.
How does Hong Kong compare with other countries in East Asia & Pacific?
Hong Kong ranks 1 of 16 countries in East Asia & Pacific with data, with 70% versus a regional average of 34.1% (latest values per country).
Where does Hong Kong rank globally on formal & mobile money borrowing?
Hong Kong ranks 4 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
How recent is the formal & mobile money borrowing data for Hong Kong?
The most recent observation is from 2021. World Bank Global Findex data is reported with a lag, so 2021 is the latest available year for Hong Kong.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a.22a1.22g.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .