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. source: Census and Statistics Department, Hong Kong

Current Account in Hong Kong averaged 30324.47 HKD Million from 1999 until 2020, reaching an all time high of 96537 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 February of 2021.

Current Account in Hong Kong is expected to be 25000.00 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 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Hong Kong Current Account

Actual Previous Highest Lowest Dates Unit Frequency
96537.00 59426.00 96537.00 -29059.00 1999 - 2020 HKD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 08:30 AM Q4 H$42.8B H$71.9B H$ 36.3B
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$96.5B H$25B
2021-06-22 08:30 AM Q1
2021-09-23 08:30 AM Q2
2021-12-23 08:30 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Surplus Widens in Q4
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.
2020-03-31

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).