Current Account in Hong Kong

Hong Kong Current Account | Economic News & Forecasts

Hong Kong - Current Account

The economy expanded at a more moderate year-on-year pace in the third quarter, predominately due to a less favorable base effect as activity increased marginally in sequential terms. A marked fall in fixed investment growth led the annual slowdown in the quarter, while household spending growth was relatively stable and government consumption increased at a faster pace. On the external front, growth in both exports and imports eased in the period. Turning to Q4, GDP growth will likely continue to slow on an annual basis, but should remain robust in sequential terms as the private sector PMI continued to point to improved operating conditions in October, while the government’s consumption voucher scheme should be stoking private spending. That said, business sentiment soured in October and strict quarantine rules will likely be weighing on the tourism sector, stunting momentum somewhat.

Hong Kong - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.3  4.0  4.6  3.7  6.2  

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Hong Kong Current Account Chart


Hong Kong Current Account
Note: Current account balance as % of GDP.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

Hong Kong Facts

Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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