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.

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Hong Kong Current Account

Actual Previous Highest Lowest Dates Unit Frequency
74445.00 34951.00 92020.00 -29059.00 1999 - 2019 HKD Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-03-22 08:30 AM Q4 H$42.1B H$48.0B H$31.3B
2019-06-21 08:30 AM Q1 H$36.6B H$40.4B H$14.2B
2019-09-23 08:30 AM Q2 H$37.77B H$35.11B H$15.1B
2019-12-20 08:30 AM Q3 H$74.5B H$34.9B H$42.0B
2020-03-23 08:30 AM Q4 H$74.5B H$ 36.3B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-09-23
Hong Kong Current Account Surplus Widens in Q2
The current account surplus in Hong Kong rose to HKD 37.77 billion in the second quarter of 2019 from HKD 15.40 billion in the corresponding period of the previous year. The services surplus widened to HKD 53.91 billion from HKD 53.35 billion in the second quarter of 2018 while the goods deficit decreased to HKD 72.05 billion from HKD 89.22 billion. In addition, the primary income surplus rose to HKD 61.02 billion from HKD 56.59 billion while the secondary income gap narrowed to HKD 5.11 billion from HKD 5.32 billion.

2019-06-21
Hong Kong Current Account Surplus Widens in Q1
The current account surplus in Hong Kong rose to HKD 36.57 billion in the first quarter of 2019 from HKD 18.42 billion in the corresponding period of the previous year. The services surplus widened to HKD 83.77 billion from HKD 74.69 billion in the first quarter of 2018 while the goods deficit decreased to HKD 65.07 billion from HKD 74.87 billion. In addition, the secondary income gap narrowed sharply to HKD 5.14 billion from HKD 21.43 billion. In contrast, the primary income surplus declined to HKD 23 billion from HKD 24.16 billion.

2019-03-22
Hong Kong Current Account Surplus Widens in Q4
The current account surplus in Hong Kong rose to HKD 42.08 billion in the fourth quarter of 2018 from HKD 21.66 billion in the corresponding period of the previous year. The services surplus widened to HKD 65.73 billion from HKD 52.60 billion in the fourth quarter of 2017 and the primary income surplus advanced to HKD 19.15 billion from HKD 17.92 billion. In addition, the goods deficit narrowed to HKD 37.81 billion from HKD 43.55 billion a year earlier and the secondary income gap decreased to HKD 4.99 billion from HKD 5.32 billion.


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).

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -26168.00 -30590.00 7228.00 -59898.00 HKD Million [+]
Current Account 74445.00 34951.00 92020.00 -29059.00 HKD Million [+]
Current Account to GDP 4.30 4.70 15.00 -6.30 percent [+]
Imports 385438.00 379118.00 428452.00 230.00 HKD Million [+]
Exports 359270.00 348528.00 383651.50 172.00 HKD Million [+]
Terms of Trade 100.00 99.50 108.50 99.00 points [+]
Capital Flows -103753.00 -66571.00 22424.00 -103753.00 HKD Million [+]
Tourist Arrivals 3311571.00 3104049.00 6784406.00 427254.00 [+]
Gold Reserves 2.08 2.08 2.10 2.08 Tonnes [+]
Foreign Direct Investment 16469.27 15922.86 16469.27 1955.85 HKD Billion [+]
External Debt 12914315.00 12760337.00 13257610.00 2707907.00 HKD Million [+]