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.

Current Account in Hong Kong averaged 29387.35 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 August of 2020. source: Census and Statistics Department, Hong Kong

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.

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Hong Kong Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-9028.00 41702.00 92020.00 -29059.00 1999 - 2020 HKD Million Quarterly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-23 08:30 AM Q2 H$37.77B H$35.11B H$15.1B
2019-12-20 08:30 AM Q3 H$74.5B H$34.9B H$42.0B
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$-9.0B H$ -7B
2020-12-22 08:30 AM Q3 H$ -5B


News Stream
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 Surplus at Near Record in Q3
The current account surplus in Hong Kong jumped to HKD 74.45 billion in the third quarter of 2019 from HKD 48 billion a year earlier and equivalent to 10.3% of the GDP. It is the biggest current account surplus since a record high in the last three months of 2008, mainly due to a fall in the goods deficit. The goods gap narrowed to HKD 0.3 billion from HKD 51.7 billion in the same quarter of 2018 as the political unrest led to a 10 percent slump in imports while exports fell at a slower 6.2 percent. In contrast, the services surplus decreased to HKD 38.9 billion from HKD 63.2 billion. The primary income inflow and outflow amounted to HKD 440.0 billion and HKD 398.7 billion respectively, thus yielding a net inflow of HKD 41.3 billion, compared with a net inflow of HKD 42.3 billion in the same quarter of 2018.
2019-12-20
Hong Kong Current Account Surplus Widens in Q2
The current account surplus in Hong Kong rose to HKD 37.77 billion in the second quarter of 2019 from HKD 15.40 billion in the corresponding period of the previous year. The services surplus widened to HKD 53.91 billion from HKD 53.35 billion in the second quarter of 2018 while the goods deficit decreased to HKD 72.05 billion from HKD 89.22 billion. In addition, the primary income surplus rose to HKD 61.02 billion from HKD 56.59 billion while the secondary income gap narrowed to HKD 5.11 billion from HKD 5.32 billion.
2019-09-23

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).