Current Account in Hong Kong

Hong Kong Current Account | Economic News & Forecasts

Hong Kong - Current Account

In the final quarter of the year, economic activity declined at the sharpest rate in over a decade. Plunging fixed investment and a frail external sector led the contraction, while private consumption dropped at a slightly softer pace in Q4 but remained depressed nonetheless. Turning to the first quarter, the economy is expected to remain battered amid the coronavirus outbreak which has paralyzed Chinese economic activity. The manufacturing PMI was stuck in negative territory in January despite reaching a six-month high; employment levels continued to tick down; and inflation is expected to intensify due to the coronavirus outbreak. Meanwhile, in politics, pro-democracy protests have seemingly taken a back seat as of late due to fears of the coronavirus spreading in Hong Kong, exacerbating uncertainty over a resolution to the current political turmoil.

Hong Kong - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)1.4  3.3  4.0  4.6  4.3  

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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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