Hong Kong records BOP surplus of $31.4b in Q4 2024

The current account recorded a surplus of $96.3b.

Hong Kong recorded a balance of payment surplus of $31.4b in the fourth quarter of 2024 against a deficit of $23b in Q3, according to the Census and Statistics Department.

The current account recorded a surplus of $96.3b during the period due to the increase in net inflow of primary income and the switch in goods balance from deficit to surplus.

An overall increase in financial non-reserve assets amounting to $102.5b was recorded due to net increases in portfolio investment and financial derivatives.

Meanwhile, both external financial assets and liabilities stood at a very high level, amounting to $52t and $36t respectively.

Moreover, external debt amounted to $14.8t, decreasing by $129b, due to the decrease in external debt of the banking sector.

Other external debt mainly consisted of other sectors (28.4%) and debt liabilities in direct investment (intercompany lending) (17.5%).