The current account surplus in Hong Kong fell to HKD 30.9 billion in the fourth quarter of 2020 from HKD 44.5 billion a year earlier, and equivalent to 4.3% of the GDP. The smaller surplus was mainly due to a decrease in the goods balance, partly offset by an increase in the services surplus and an increase in the net inflow of primary income. The goods account shifted to a deficit of HKD 8.3 billion compared to a surplus of HKD 11.9 billion in Q4 2019. Meantime, the services surplus rose to HKD 17.1 billion from HKD 12.2 billion a year earlier; and the primary surplus widened to HKD 26.8 billion from HKD 25.7 billion. In addition, the secondary income gap fell to HKD 4.7 billion from HKD 5.3 billion. In 2020, the current account surplus widened to HKD 179.0 billion from HKD 170.8 billion in 2019, as a decrease in the goods deficit and an increase in the net inflow of primary income were partly offset by a decline in the services surplus. source: Census and Statistics Department, Hong Kong
Current Account in Hong Kong averaged 30342.18 HKD Million from 1999 until 2020, reaching an all time high of 97531 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 May of 2021.
Current Account in Hong Kong is expected to be 30000.00 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 2022, according to our econometric models.