Hong Kong recorded a Current Account surplus of 6.60 percent of the country's Gross Domestic Product in 2020. source: Census and Statistics Department, Hong Kong

Current Account to GDP in Hong Kong averaged 4.78 percent from 1980 until 2020, reaching an all time high of 15 percent in 2008 and a record low of -6.30 percent in 1995. This page provides - Hong Kong Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Hong Kong is expected to reach 4.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Current Account to GDP is projected to trend around 4.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Hong Kong Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.00 15.00 -6.30 1980 - 2020 percent of GDP Yearly

Hong Kong Trade Last Previous Highest Lowest Unit
Balance of Trade -34981.00 -40455.00 7228.00 -59898.00 HKD Million [+]
Current Account 68499.00 60620.00 96863.00 -29059.00 HKD Million [+]
Current Account to GDP 6.60 6.00 15.00 -6.30 percent of GDP [+]
Imports 451935.00 447062.00 451935.00 230.00 HKD Million [+]
Exports 416953.00 406607.00 416953.00 172.00 HKD Million [+]
Terms of Trade 99.90 100.50 108.50 99.00 points [+]
Capital Flows -97917.00 -89259.00 38249.00 -127321.00 HKD Million [+]
Tourist Arrivals 8666.00 4651.00 6784406.00 4125.00 Persons [+]
Gold Reserves 2.08 2.08 2.08 2.08 Tonnes [+]
Foreign Direct Investment 16596.15 16180.93 17120.70 1955.85 HKD Billion [+]
External Debt 13809621.00 13824368.00 13824368.00 2707907.00 HKD Million [+]


Hong Kong Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.