Current Account in Hong Kong

Hong Kong Current Account | Economic News & Forecasts

Hong Kong - Current Account

The economy declined notably in the third quarter, as widespread protests undercut domestic demand. Private consumption and fixed investment nosedived, while exports were also down markedly. Turning to the fourth quarter, economic conditions likely remain anemic. The private sector PMI continued to freefall in November as business activity fell at the sharpest pace on record. Moreover, in October, retail sales plummeted to an all-time low; tourist arrivals continued to tumble; and unemployment ticked up to the highest rate since September 2017—boding poorly for household spending. In politics, an overwhelming majority of pro-democracy candidates were elected in the local district council elections in late November. On 4 December, the IMF concluded its Article IV visit. The Fund recommended a notable increase in fiscal stimulus to counter the downturn, mainly by addressing housing supply and income inequality.

Hong Kong - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.5  1.4  3.3  4.0  4.7  

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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

ValueChangeDate
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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