Current account balance in Hong Kong, China
Hong Kong, China: Current account balance was 13.3% 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 % of GDP.
Analysis
The most recent figure for current account balance in Hong Kong, China is 13.3%, measured in 2024.
Compared with earlier readings it is up 57.1% on the previous year and up 858.2% over ten years.
Over the whole period, current account balance in Hong Kong, China peaked at 15.0% in 2008 and was at its lowest, 1.4%, in 2014.
Hong Kong, China ranks 17th of 200 countries on this measure, 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 | % of GDP | Change |
|---|---|---|
| 1998 | 1.7% | — |
| 1999 | 6.4% | +278.7% |
| 2000 | 4.4% | -31.7% |
| 2001 | 6.1% | +39.6% |
| 2002 | 7.9% | +28.7% |
| 2003 | 10.8% | +36.7% |
| 2004 | 9.9% | -7.8% |
| 2005 | 11.9% | +19.4% |
| 2006 | 12.7% | +6.8% |
| 2007 | 13.0% | +2.6% |
| 2008 | 15.0% | +15.1% |
| 2009 | 9.9% | -34.1% |
| 2010 | 7.0% | -29.1% |
| 2011 | 5.6% | -20.7% |
| 2012 | 1.6% | -71.6% |
| 2013 | 1.5% | -3.7% |
| 2014 | 1.4% | -8.4% |
| 2015 | 3.3% | +138.3% |
| 2016 | 4.0% | +19.2% |
| 2017 | 4.6% | +15.8% |
| 2018 | 3.7% | -18.4% |
| 2019 | 5.9% | +56.7% |
| 2020 | 7.0% | +19.5% |
| 2021 | 11.8% | +69.2% |
| 2022 | 10.2% | -13.9% |
| 2023 | 8.5% | -16.6% |
| 2024 | 13.3% | +57.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.1% | 1.7% | 6.4% | 2 |
| 2000s | 10.2% | 4.4% | 15.0% | 10 |
| 2010s | 3.8% | 1.4% | 7.0% | 10 |
| 2020s | 10.2% | 7.0% | 13.3% | 5 |
Countries ranked near Hong Kong, China
More economy & growth data for Hong Kong, China
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is current account balance in Hong Kong, China?
- Current account balance in Hong Kong, China was 13.3% 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 15.0% in 2008.
- What is the lowest current account balance recorded in Hong Kong, China?
- The lowest recorded value was 1.4% in 2014.
- How does Hong Kong, China rank for current account balance?
- Hong Kong, China ranks 17th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Hong Kong, China?
- Over the last ten years it is up 858.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.