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.