Hong Kong's current account surplus rose to HKD 68.5 billion in the second quarter of 2021 from HKD 58 billion surplus in the corresponding period of the previous year. It was the largest current account surplus since the third quarter of 2020, mainly due to an increase in the primary income surplus to HKD 84.2 billion from HKD 60.8 billion a year ago. However, this improvement was partly offset by a significant deterioration of the goods deficit to HKD 31.5 billion from HKD 20 billion; and a slight reduction in the services surplus to HKD 20.8 billion from HKD 22.1 billion. At the same time, the secondary income gap remained barely unchanged at HKD 4.97 billion. source: Census and Statistics Department, Hong Kong

Current Account in Hong Kong averaged 31007.09 HKD Million from 1999 until 2021, reaching an all time high of 96863 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 December of 2021.

Current Account in Hong Kong is expected to be 50000.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 08:30 AM Q1 H$59.8B H$31.2B H$30B
2021-09-23 08:30 AM Q2 H$68.5B H$60.6B H$43B
2021-12-23 08:30 AM Q3 H$68.5B


Related Last Previous Unit Reference
Balance of Trade -30464.00 -42391.00 HKD Million Oct/21
Current Account 68499.00 60620.00 HKD Million Jun/21
Current Account to GDP 6.60 6.00 percent of GDP Dec/20
Imports 448741.00 484206.00 HKD Million Oct/21
Exports 418278.00 441814.00 HKD Million Oct/21
Terms of Trade 98.80 100.00 points Sep/21
Capital Flows -97917.00 -89259.00 HKD Million Jun/21
Tourist Arrivals 9353.00 9879.00 Persons Oct/21
Foreign Direct Investment 16596.15 16180.93 HKD Billion Jun/21
External Debt 14232778.00 13809621.00 HKD Million Jun/21

News Stream
Hong Kong Posts Widest Current Account Surplus in Almost a Year
Hong Kong's current account surplus rose to HKD 68.5 billion in the second quarter of 2021 from HKD 58 billion surplus in the corresponding period of the previous year. It was the largest current account surplus since the third quarter of 2020, mainly due to an increase in the primary income surplus to HKD 84.2 billion from HKD 60.8 billion a year ago. However, this improvement was partly offset by a significant deterioration of the goods deficit to HKD 31.5 billion from HKD 20 billion; and a slight reduction in the services surplus to HKD 20.8 billion from HKD 22.1 billion. At the same time, the secondary income gap remained barely unchanged at HKD 4.97 billion.
2021-09-23
Hong Kong Current Account Switches to Surplus in Q1
Hong Kong’s current account recorded a HKD 59.5 billion surplus in the first quarter of 2021, following a HKD 10.3 billion deficit in the same period of the previous year, accounting for 8.5 percent of GDP. The goods account shifted to a surplus of HKD 8.7 billion compared to a deficit of HKD 48.4 billion in 1Q 2020 and the services surplus expanded to HKD 34.6 billion from HKD 29.1 billion a year earlier. At the same time,the primary income surplus widened to HKD 21.5 billion from HKD 16.0 billion, while the secondary income gap narrowed to HKD 5.0 billion from HKD 7.0 billion.
2021-06-22
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
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).