Hong Kong SAR, China Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Hong Kong SAR, China's current account balance was 12.54% in 2025, ranked 11th globally. This represents a 2.9% decrease from 2024. Data from World Bank, covering 1980–2025.
Overview
Hong Kong SAR, China's current account balance stood at 12.54% in 2025, a decline of +0.38% from 2024. The IMF projects 12.54% by 2025. Hong Kong SAR, China ranked 11th globally.
Hong Kong SAR’s current‑account balance has risen from a deficit of –4.96 billion US$ in 1980 to a surplus of 12.54 billion US$ in 2025, placing it 11th globally among 46 years of data. The balance peaked at 14.99 billion US$ in 2008, a year that coincided with strong external demand for the city’s re‑export‑oriented services, before falling to a trough of –6.27 billion US$ in 1995 amid regional currency volatility and the Asian financial crisis. The recent surplus is comparable to that of Denmark (12.23 billion US$) and the United Arab Emirates (13.18 billion US$), reflecting Hong Kong’s continued role as a major financial hub and its persistent trade surplus. Structural factors such as high savings rates, robust services exports, and limited fiscal deficits have sustained the surplus, while any sharp slowdown in global trade or a shift in capital flows could reverse the trend. Continued diversification of the economy and stable external demand are likely to keep the current‑account surplus on an upward trajectory.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 11.53% | - | - |
| 2029* IMF | 11.55% | - | - |
| 2028* IMF | 11.65% | - | - |
| 2027* IMF | 11.85% | - | - |
| 2026* IMF | 12.19% | - | - |
| 2025* IMF | 12.54% | - | - |
| 2025 | 12.54% | −0.38% | #11 |
| 2024 | 12.92% | +4.41% | #175 |
| 2023 | 8.49% | −1.73% | #174 |
| 2022 | 10.18% | −1.61% | #169 |
| 2021 | 11.83% | +4.84% | #179 |
| 2020 | 6.99% | +1.11% | #175 |
| 2019 | 5.85% | +2.11% | #166 |
| 2018 | 3.74% | −0.83% | #155 |
| 2017 | 4.58% | +0.62% | #166 |
| 2016 | 3.95% | +0.64% | #170 |
| 2015 | 3.32% | +1.93% | #161 |
| 2014 | 1.39% | −0.13% | #140 |
| 2013 | 1.52% | −0.06% | #142 |
| 2012 | 1.58% | −3.99% | #145 |
| 2011 | 5.56% | −1.44% | #160 |
Detected Pattern
Analysis
Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Hong Kong SAR, China's current account balance was 12.54% in 2025. Ranked 11th globally. This represents a 2.9% decrease from the previous year.
Hong Kong SAR, China's current account balance peaked at 14.99% in 2008.
The lowest current account balance in Hong Kong SAR, China was -6.27% in 1995.
Hong Kong SAR, China ranks 11th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Hong Kong SAR, China's current account balance is projected to reach 12.54% by 2025 based on IMF projection.
The current account balance of Hong Kong SAR, China in 2025 was 12.54%. This ranks 11th in the world.
Cite this page
@misc{historysaid_hong-kong-sar-china_current-account,
title = {Hong Kong SAR, China Current Account Balance},
url = {https://historysaid.com/hong-kong-sar-china/current-account/},
publisher = {HistorySaid},
year = {2026}
}