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. source: Census and Statistics Department, Hong Kong
Current Account in Hong Kong averaged 29751.45 HKD Million from 1999 until 2020, 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 October of 2020.
Current Account in Hong Kong is expected to be -7000.00 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 25100.00 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.