The current account surplus in Hong Kong fell to HKD 30.9 billion in the fourth quarter of 2020 from HKD 44.5 billion a year earlier, and equivalent to 4.3% of the GDP. The smaller surplus was mainly due to a decrease in the goods balance, partly offset by an increase in the services surplus and an increase in the net inflow of primary income. The goods account shifted to a deficit of HKD 8.3 billion compared to a surplus of HKD 11.9 billion in Q4 2019. Meantime, the services surplus rose to HKD 17.1 billion from HKD 12.2 billion a year earlier; and the primary surplus widened to HKD 26.8 billion from HKD 25.7 billion. In addition, the secondary income gap fell to HKD 4.7 billion from HKD 5.3 billion. In 2020, the current account surplus widened to HKD 179.0 billion from HKD 170.8 billion in 2019, as a decrease in the goods deficit and an increase in the net inflow of primary income were partly offset by a decline in the services surplus. source: Census and Statistics Department, Hong Kong

Current Account in Hong Kong averaged 30342.18 HKD Million from 1999 until 2020, reaching an all time high of 97531 HKD Million in the third quarter of 2020 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. Hong Kong Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Current Account in Hong Kong is expected to be 30000.00 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 40000.00 in 12 months time. In the long-term, the Hong Kong Current Account is projected to trend around 30000.00 HKD Million in 2022, according to our econometric models.

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Hong Kong Current Account

Actual Previous Highest Lowest Dates Unit Frequency
30889.00 97531.00 97531.00 -29059.00 1999 - 2020 HKD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 08:30 AM Q1 H$-9.0B H$41.7B H$ 15B
2020-09-22 08:30 AM Q2 H$60.53B H$-8.86B H$ -7B
2020-12-22 08:30 AM Q3 H$96.5B H$59.4B H$ -5B
2021-03-22 08:30 AM Q4 H$30.9B H$97.5B H$25B
2021-06-22 08:30 AM Q1 H$30.9B H$30B
2021-09-23 08:30 AM Q2
2021-12-23 08:30 AM Q3


News Stream
Hong Kong Current Account Surplus Narrows in Q4
The current account surplus in Hong Kong fell to HKD 30.9 billion in the fourth quarter of 2020 from HKD 44.5 billion a year earlier, and equivalent to 4.3% of the GDP. The smaller surplus was mainly due to a decrease in the goods balance, partly offset by an increase in the services surplus and an increase in the net inflow of primary income. The goods account shifted to a deficit of HKD 8.3 billion compared to a surplus of HKD 11.9 billion in Q4 2019. Meantime, the services surplus rose to HKD 17.1 billion from HKD 12.2 billion a year earlier; and the primary surplus widened to HKD 26.8 billion from HKD 25.7 billion. In addition, the secondary income gap fell to HKD 4.7 billion from HKD 5.3 billion. In 2020, the current account surplus widened to HKD 179.0 billion from HKD 170.8 billion in 2019, as a decrease in the goods deficit and an increase in the net inflow of primary income were partly offset by a decline in the services surplus.
2021-03-22
Hong Kong Current Account Surplus Reaches Record High
The current account surplus in Hong Kong widened sharply to H$96.5 billion in the third quarter of 2020 from H$69.3 billion a year earlier. It is a record high current account surplus and equivalent to 13.8% of the GDP, mainly due to an increase in the goods surplus and an increase in the net inflow of primary income, partly offset by a decrease in the services surplus. The goods surplus increased to H$31.5 billion from $0.2 billion a year earlier. The primary income inflow and outflow amounted to $401.7 billion and $357.0 billion respectively, thus yielding a net inflow of $44.8 billion in the third quarter of 2020, compared with a net inflow of $38.8 billion in the same quarter of 2019. Over the same period, the services surplus decreased to H$25.4 billion compared with the H$35.7 billion in the same quarter of 2019.
2020-12-22
Hong Kong Current Account Surplus Widens in Q2
The current account surplus in Hong Kong widened to HKD 60.536 billion in the second quarter of 2020 from HKD 33.459 billion in the corresponding period of the previous year and equivalent to 9.5% of the GDP. The goods deficit narrowed sharply to HKD 16.856 billion from HKD 71.934 billion a year earlier and the secondary income shortfall declined to HKD 4.949 billion from HKD 5.113 billion. Meantime, the primary income surplus went down to HKD 60.829 billion from HKD 61.019 billion and the services surplus fell to HKD 21.512 billion from HKD 49.487 billion.
2020-09-22
Hong Kong Current Account Swings to Deficit in Q1
Hong Kong recorded a current account deficit of HKD 9.03 billion in the first quarter of 2020, compared to a HKD 2.91 billion surplus in the corresponding period of the previous year. The secondary income gap widened to HKD 7.0 billion from HKD 5.11 billion in Q1 2019 and the primary income surplus narrowed sharply to HKD 16.0 billion from HKD 61.02 billion. Also, the services surplus fell to HKD 32.15 billion from HKD 49.49 billion while the goods deficit dropped to HKD 50.18 billion from HKD 71.93 billion.
2020-06-22

Hong Kong Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).