Hong Kong SAR (China) BoP: Current Account (CA)

Hong Kong SAR (China) BoP: Current Account (CA) data was reported at 101,037.000 HKD mn in Jun 2024. This records an increase from the previous number of 98,076.000 HKD mn for Mar 2024. Hong Kong SAR (China) BoP: Current Account (CA) data is updated quarterly, averaging 33,245.000 HKD mn from Mar 1999 (Median) to Jun 2024, with 102 observations. The data reached an all-time high of 118,093.000 HKD mn in Sep 2022 and a record low of -29,059.000 HKD mn in Jun 2014. Hong Kong SAR (China) BoP: Current Account (CA) data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.JB001: Balance of Payments: BPM6: Quarterly. Census and Statistics Department (C&SD) has enhanced the Balance of Payments (BoP) compilation framework through the implementation of new international statistical standards as stipulated in the Sixth Edition of the Balance of Payments and International Investment Position Manual (BPM6) released by the International Monetary Fund (IMF) in 2009 and improvement in data sources and estimation methods. The new developments brought to BoP statistics in this exercise include the following: Goods and services - Adoption of the change of ownership principle in recording goods sent abroad for processing and merchanting - Adoption of new classification and enhanced estimation methods for relevant categories of trade in services statistics Capital account - Removal of imputed BoP transactions for migrants’ transfers from capital and financial account, and re-classification of these imputed BoP transactions to other changes in the IIP Direct investment - Presenting direct investment figures according to asset / liability principle - Presenting direct investment figures among fellow enterprises separately Portfolio investment - Recording reinvested earnings of investment fund shareholders in primary income, and the corresponding entries of reinvestment of earnings in portfolio investment Reserve assets - Separately presenting income on reserve assets in primary income - Excluding foreign currency claims on residents from reserve assets - Introducing reserve-related liabilities as a memorandum item in the IIP Apart from the above changes, in the presentation of current account under the BPM6, income and current transfers are renamed as primary income and secondary income respectively to highlight the difference between returns for the provision of labour and financial assets (primary income) and further redistribution of income through current transfers (secondary income). Hong Kong’s Balance of Payment is compiled based on the recommendation of BPM6 by the IMF. The sign convention of the entire dataset is adhered to BPM6.

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