Hong Kong Corruption Perception Index
Hong Kong's score on the 2020 Corruption Perceptions Index stood at 77, the same as 2017, but slightly higher than the previous two years. Hong Kong's view of corruption declined by seven points between 2010 and 2020.
In terms of how other countries are seen to be dealing with corruption, Hong Kong performs better than average. From a high of 84 in 2010 to a low of 77 in 2020, Hong Kong's index rating declined.
Since the Corruption Perceptions Index's inception in 1995, Hong Kong has consistently ranked among the top 20 economies in the world with very low levels of corruption. The Independent Commission Against Corruption has used a three-pronged strategy of law enforcement, prevention, and community education since its founding in 1974 to combat corruption. With the support of the Government and the community, Hong Kong has now become one of the cleanest places in the world.
Outlook on Corruption Perception Index
The Corruption Perception Index (CPI) ranks countries annually according to the corruption levels as seen by risk analysts, entrepreneurs, and normal citizens. Ratings range from 0 to 100, with 100 signifying behavior that is impressively free from corruption and 0 signifying severely corrupt behavior.
One of the largest groups of nations with the lowest levels of corruption worldwide is Denmark, followed by New Zealand, Finland, Singapore, Sweden, and Switzerland. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Somalia and South Sudan, both of which received a score of 12 out of 100 in 2020, are among the nations with the highest levels of corruption worldwide.
Key Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The corruption phenomenon is greatly influenced by the political and economic environment, which is also impacted by monetary policy.
Level of GDP:
The prevalence of corruption is shown to be higher in countries with relatively low GDP per capita levels. Other than that, early developing countries frequently have lower ratings for corruption.
Country Size:
Large geographic areas and low population densities make nations more susceptible to corruption since it is challenging to monitor public officials in scattered areas.
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