The current account surplus in Hong Kong jumped to HKD 74.45 billion in the third quarter of 2019 from HKD 48 billion a year earlier and equivalent to 10.3% of the GDP. It is the biggest current account surplus since a record high in the last three months of 2008, mainly due to a fall in the goods deficit. The goods gap narrowed to HKD 0.3 billion from HKD 51.7 billion in the same quarter of 2018 as the political unrest led to a 10 percent slump in imports while exports fell at a slower 6.2 percent. In contrast, the services surplus decreased to HKD 38.9 billion from HKD 63.2 billion. The primary income inflow and outflow amounted to HKD 440.0 billion and HKD 398.7 billion respectively, thus yielding a net inflow of HKD 41.3 billion, compared with a net inflow of HKD 42.3 billion in the same quarter of 2018.
Current Account in Hong Kong averaged 29797.89 HKD Million from 1999 until 2019, reaching an all time high of 92020 HKD Million in the fourth quarter of 2008 and a record low of -29059 HKD Million in the second quarter of 2014. This page provides the latest reported value for - Hong Kong Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Census and Statistics Department, Hong Kong
Current Account in Hong Kong is expected to be 36300.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Hong Kong to stand at 41000.00 in 12 months time. In the long-term, the Hong Kong Current Account is projected to trend around 26300.00 HKD Million in 2020, according to our econometric models.