The current account surplus in Hong Kong widened to HKD 42.79 billion in the last quarter of 2019 from HKD 36.31 billion in the corresponding period of the previous year and equivalent to 5.7% of the GDP. The goods account shifted to a HKD 14.0 billion surplus from a HKD 38.1 billion deficit a year earlier; and the primary income surplus went up to HKD 22.9 billion from HKD 17.9 billion. Also, the secondary income shortfall decreased slightly to HKD 5.3 billion from HKD 5.4 billion. On the other hand, the services surplus narrowed to HKD 11.2 billion from HKD 61.8 billion in Q4 2018. Considering 2019 as a whole, the current account surplus advanced to HKD 178.1 billion from HKD 105.9 billion in 2018, and equivalent to 6.2% of GDP.
Current Account in Hong Kong averaged 29870.10 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. Hong Kong Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Census and Statistics Department, Hong Kong
Current Account in Hong Kong is expected to be 17540.00 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 32300.00 in 12 months time. In the long-term, the Hong Kong Current Account is projected to trend around 32300.00 HKD Million in 2021 and 26300.00 HKD Million in 2022, according to our econometric models.