Hong Kong SAR, China: Current account balance (current US$, BoP)

Key figures

What the numbers say

In 2025, Hong Kong SAR, China's current account balance (current US$, BoP) fell 2.5% on 2024 (from US$53.65 billion to US$52.33 billion).

Across the 26 yearly changes before that (1999 to 2024), the average change was +24.6% and a typical year strayed about 66.4% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 271.7% in 1999 and the biggest yearly fall was 70% in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$4.73 billion a year. A straight line explains 85% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$63.94 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$7.89 billion, against US$12.46 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Hong Kong SAR, China had the 11th highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2025 ranking

• Switzerland — 8th of 136: US$65.18 billion
• Denmark — 9th of 136: US$58.27 billion
• Spain — 10th of 136: US$56.17 billion
• Sweden — 12th of 136: US$45.51 billion
• Ireland — 13th of 136: US$45.26 billion
• Russian Federation — 14th of 136: US$38.81 billion

What this measures

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.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 28 values

Current account balance (current US$, BoP) in nearby economies

• Australia — −US$49.74 billion (2025)
• Brunei Darussalam — US$2.71 billion (2025)
• Cambodia — −US$1.91 billion (2025)
• China — US$735.02 billion (2025)
• Fiji — −US$464.37 million (2024)
• French Polynesia — US$411.96 million (2016)
• Indonesia — −US$1.25 billion (2025)
• Japan — US$215.77 billion (2025)
• Kiribati — −US$53.17 million (2025)
• Korea, Rep. — US$123.05 billion (2025)

More economic policy & debt data for Hong Kong SAR, China

• General government final consumption expenditure (current US$) — US$53.72 billion (2025)
• General government final consumption expenditure (current LCU) — 418.83 billion (2025)
• General government final consumption expenditure (% of GDP) — 12.57% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$282.93 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 2.21 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 66.21% (2025)
• Final consumption expenditure (current US$) — US$336.64 billion (2025)
• Final consumption expenditure (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Hong Kong SAR, China's current account balance (current US$, BoP)?

US$52.33 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is up 1,723% from US$2.87 billion in 1998 (11.35% a year on average, compounded). The highest value was US$53.65 billion in 2024 and the lowest US$2.87 billion in 1998.

Source

World Bank, World Development Indicators, indicator BN.CAB.XOKA.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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