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.