Current account balance in Hong Kong, China
Hong Kong, China: Current account balance was 54.47 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Hong Kong, China, 1998–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Hong Kong, China recorded 54.47 billion BoP, current US$ for current account balance in 2024. That is the highest value across all 27 years on record.
That represents a change of up 68.4% on the previous year and up 1,242.6% over ten years.
Over the whole period, current account balance in Hong Kong, China peaked at 54.47 billion BoP, current US$ in 2024 and was at its lowest, 2.87 billion BoP, current US$, in 1998.
That places Hong Kong, China 11th out of 199 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Hong Kong, China, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 2.87 billion BoP, current US$ | — |
| 1999 | 10.67 billion BoP, current US$ | +271.7% |
| 2000 | 7.54 billion BoP, current US$ | -29.3% |
| 2001 | 10.39 billion BoP, current US$ | +37.7% |
| 2002 | 13.13 billion BoP, current US$ | +26.3% |
| 2003 | 17.41 billion BoP, current US$ | +32.6% |
| 2004 | 16.82 billion BoP, current US$ | -3.4% |
| 2005 | 21.57 billion BoP, current US$ | +28.3% |
| 2006 | 24.56 billion BoP, current US$ | +13.8% |
| 2007 | 27.55 billion BoP, current US$ | +12.2% |
| 2008 | 32.87 billion BoP, current US$ | +19.3% |
| 2009 | 21.16 billion BoP, current US$ | -35.6% |
| 2010 | 16.01 billion BoP, current US$ | -24.3% |
| 2011 | 13.81 billion BoP, current US$ | -13.8% |
| 2012 | 4.15 billion BoP, current US$ | -70.0% |
| 2013 | 4.19 billion BoP, current US$ | +1.0% |
| 2014 | 4.06 billion BoP, current US$ | -3.2% |
| 2015 | 10.26 billion BoP, current US$ | +153.0% |
| 2016 | 12.69 billion BoP, current US$ | +23.6% |
| 2017 | 15.62 billion BoP, current US$ | +23.1% |
| 2018 | 13.51 billion BoP, current US$ | -13.5% |
| 2019 | 21.25 billion BoP, current US$ | +57.3% |
| 2020 | 24.13 billion BoP, current US$ | +13.5% |
| 2021 | 43.66 billion BoP, current US$ | +81.0% |
| 2022 | 36.53 billion BoP, current US$ | -16.3% |
| 2023 | 32.34 billion BoP, current US$ | -11.5% |
| 2024 | 54.47 billion BoP, current US$ | +68.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.77 billion BoP, current US$ | 2.87 billion BoP, current US$ | 10.67 billion BoP, current US$ | 2 |
| 2000s | 19.30 billion BoP, current US$ | 7.54 billion BoP, current US$ | 32.87 billion BoP, current US$ | 10 |
| 2010s | 11.56 billion BoP, current US$ | 4.06 billion BoP, current US$ | 21.25 billion BoP, current US$ | 10 |
| 2020s | 38.22 billion BoP, current US$ | 24.13 billion BoP, current US$ | 54.47 billion BoP, current US$ | 5 |
Countries ranked near Hong Kong, China
- 8 Norway 74.13 billion BoP, current US$ compare
- 9 Switzerland 72.88 billion BoP, current US$ compare
- 10 Spain 56.02 billion BoP, current US$ compare
- 12 Denmark 51.77 billion BoP, current US$ compare
- 13 Russian Federation 43.06 billion BoP, current US$ compare
- 14 Sweden 40.51 billion BoP, current US$ compare
More economy & growth data for Hong Kong, China
- Taxes less subsidies on products (current US$), annual growth rate -4.92 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per capita 11,076 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2041 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), annual growth rate -5.24 % change on previous year (2024)
- External balance on goods and services as a percent of gdp 2.87 (2025)
- Taxes less subsidies on products (current US$), per capita 1,419 current US$ per person (2024)
- GNI (current US$), annual growth rate 4.73 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0262 current US$ per US$ of GDP (2024)
- Inflation of consumer prices 1.44 (2025)
- GNI (current LCU), per capita 488,901 current LCU per person (2025)
Frequently asked questions
- What is current account balance in Hong Kong, China?
- Current account balance in Hong Kong, China was 54.47 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Hong Kong, China?
- The highest recorded value was 54.47 billion BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Hong Kong, China?
- The lowest recorded value was 2.87 billion BoP, current US$ in 1998.
- How does Hong Kong, China rank for current account balance?
- Hong Kong, China ranks 11th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Hong Kong, China?
- Over the last ten years it is up 1,242.6%. The long-run trend across the full record is volatile.
- Where does this Hong Kong, China data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.