Hong Kong current account to gdp

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Hong Kong current account to gdp: 7.1 (-33.02%)
Last Update: December 31, 2023

Hong Kong current account to gdp closed down 7.1 as of December 31, 2023 from 10.6 from the previous month and 5.6 from last year.


Hong Kong current account to gdp Analytics & Data




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Hong Kong current account to gdp

DateValues
2023-12-31 7.1
2022-12-31 10.6
2021-12-31 11.8
2020-12-31 7
2019-12-31 6.2
2018-12-31 3.7
2017-12-31 4.6
2016-12-31 4
2015-12-31 3.3
2014-12-31 1.4
2013-12-31 1.5
2012-12-31 1.6
2011-12-31 5.6
2010-12-31 7
2009-12-31 9.9
2008-12-31 15
2007-12-31 13
2006-12-31 12.7
2005-12-31 11.9
2004-12-31 9.9


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Hong Kong current account to gdp Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current account to gdphk.currentaccountgdp7.110.6-3327UPUP02023-01-31

Hong Kong current account to gdp Factors



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What is the Hong Kong current account to gdp

Welcome to our webpage showcasing the current and historical data, trends and signals, analytics, and charts for Hong Kong's current account to GDP. This vital economic indicator provides insights into the balance of trade and transactions between Hong Kong and the rest of the world.

What is Hong Kong's Current Account to GDP? The current account to GDP ratio is a measure of the country's trade balance in relation to its total economic output. It represents the sum of net exports/imports of goods, services, primary income, and secondary income, expressed as a percentage of Hong Kong's GDP. A positive ratio suggests that Hong Kong is a net lender to the rest of the world, while a negative ratio indicates it is a net borrower.

Interpreting Hong Kong's Current Account to GDP: 1. Surplus or Deficit: A positive ratio suggests that Hong Kong is running a current account surplus, indicating it earns more from foreign transactions than it spends. This signals a strong trade position and international competitiveness. Conversely, a negative ratio indicates a current account deficit, implying that Hong Kong is spending more than it earns from foreign activities.

2. Economic Strength: A higher current account to GDP ratio typically reflects a robust export-oriented economy with a strong balance of trade. It indicates that Hong Kong is generating significant revenue from its international transactions as a percentage of its total economic output.

3. Economic Vulnerability: While a current account surplus is generally desirable, an excessively high ratio may also indicate an economy heavily dependent on exports. In such cases, a sudden decline in market demand or global economic disruptions could lead to challenges and imbalances in the economy.

On our webpage, you will find interactive charts showcasing the trends in Hong Kong's current account to GDP ratio over time. These charts provide a visual representation of how this indicator has evolved, enabling users to identify patterns, cyclical fluctuations, and long-term trends.

Additionally, users can download historical data for free, enabling further analysis and comparison with other economic indicators or global trends. This empowers users to undertake their own research and explore the relationship between Hong Kong's current account to GDP and other factors such as exchange rates, inflation, or domestic policies.

For a more comprehensive analysis, our webpage also offers MacroVar signals, trends, and analysis. These tools help identify important turning points, upward or downward trends, and potential signals of future developments related to Hong Kong's current account to GDP ratio. By utilizing these features, users can gain deeper insights and make informed decisions based on the available data.

We believe that staying informed about Hong Kong's current account to GDP is essential for businesses, investors, policymakers, and researchers. Whether you are tracking economic cycles, assessing economic stability, or planning investment strategies, our webpage provides the necessary data and tools to support your analysis and decision-making process.

Hong Kong Financial Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Hang SengHSI16327.9-1-1-2.3467831.817-0.01912-0.05913-0.07596-0.07548
Hong Kong ETFEWH16.8-0.5-1-1.7496642.41030.001190.00358-0.007680.04348
Hong Kong Dollar US Dollar (HKD/USD)HKDUSD 7.82470.5-0.75-0.7228850.24210.000180.00045-0.000740.00069
Hong Kong 5-Year Bond YieldHK.5Y3.06-1-0.75-1.317626.045-0.00033-0.03195-0.12796-0.14739
Hong Kong 2-year bond yieldHK.2Y4.259-0.510.9441545.6292-0.02428-0.030280.0007-0.09479
Hong Kong Yield CurveHK.YC-0.021-111.3697850.1952-4.5-0.44737-0.75294-0.79612
Hong Kong Credit Default SwapsCDS.Hong-Kong36.2-110.8433398.07230000.2526
Hong Kong Macroeconomic Indicators

IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradehk.balanceoftrade-10194-45012-77-72UPUP72024-04-30
bank lending ratehk.banks.lendingrate5.775.75015UPUP982023-07-31
banks balance sheethk.banks.bs275088002707200023UPUP592024-04-30
business confidencehk.bizconfidence211000DownUP02024-06-30
capital flowshk.capitalflows-37530-137301-73-62DownUP372024-06-30
car registrationshk.carregistrations6435.059189125UPUP1002024-04-30
consumer confidencehk.consconfidence70.661.914-13UPDown02021-12-31
consumer price index cpihk.cpi106.4107.1-11UPUP312024-04-30
current accounthk.currentaccount71195108497-3417DownUP602024-03-31
current account to gdphk.currentaccountgdp7.110.6-3327UPUP02023-01-31
deposit interest ratehk.depositrate0.020.04-50-99DownDown02021-12-31
exportshk.exports4.7-0.8-688-100DownDown22024-03-31
external debthk.externaldebt1436240014402400-04UPUP22023-12-31
fiscal expenditurehk.fiscalexp1571851448709-4DownDown112024-03-31
foreign direct investmenthk.fdi1816717306.5584UPUP02024-01-31
foreign exchange reserveshk.fxreserves4172004164000-1DownDown392024-05-31
gdphk.gdp359.84368.91-257UPUP02022-01-31
Real GDPhk.realgdp728625762957-44UPUP252024-03-31
gdp growthhk.gdpgrowth2.30.4475187UPUP872024-09-30
gdp growth annualhk.gdpgrowthan2.74.3-37-66UPDown352024-03-31
gold reserveshk.goldres2.082.1-10DownDown442020-09-30
government budgethk.govbudget-5-3.639-222DownDown02022-01-31
Government budgethk.govbudgetvalue338672571432-60UPDown122024-03-31
government debt to gdphk.govdebtgdp38.437426UPUP02016-01-31
government revenueshk.govrev19105217058412-23UPDown72024-03-31
housing indexhk.housingindex142.73141.81-13DownDown82024-04-30
importshk.imports388933429502-94DownUP672024-04-30
industrial productionhk.indproduction1.84.1-56-31DownDown02024-03-31
inflation cpihk.inflationcpi1.12-45-48DownDown332024-04-30
interbank ratehk.interbankrate5.15.13-1-3DownDown62023-08-15
interest ratehk.interestrate5.755.55109UPUP772023-07-27
loans to private sectorhk.loanprivate998482010087500-1-6DownDown42024-04-30
Manufacturing PMIhk.manpmi49.250.6-3-3DownDown392024-05-31
money supply m0hk.msm05838095833940-1UPDown192024-04-30
money supply m1hk.msm1262164025560003-3UPDown462024-04-30
money supply m2hk.msm2175532001718630026UPUP822024-04-30
money supply m3hk.msm3175948001722620026UPUP822024-04-30
Producer Price Indexhk.producerprices113.8114.8-14UPUP392023-12-31
Produce Prices YoYhk.producerpricesch2.73-10-7UPDown702023-12-31
retail sales MoMhk.retailsales-8.8-7.616-4500DownDown22024-03-31
retail saleshk.retailsalesan-16.5-8.692-226DownDown282024-04-30
unemployment ratehk.unemploymentrate3.0300UPDown602024-04-30
youth unemployment ratehk.ytunemploymentrate5.96.2-511UPUP712024-04-30