Statistics

HK records $3.85b balance of payments surplus for Q4

(Xinhua)
Updated: 2011-03-23 13:10

HONG KONG - Hong Kong recorded HK$30.1 billion ($3.85 billion) in its balance of payments account in the last quarter of 2010, representing 6.3 percent of gross domestic product, according to the figures released by the Census and Statistics Department on Tuesday.

A current-account surplus of HK$32.6 billion was recorded, with net outflow of financial non-reserve assets amounting to HK$30.8 billion against a net outflow of HK$53.6 billion in the third quarter.

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With imports of goods increasing faster than exports, the visible trade deficit rose from HK$68.2 billion in the fourth quarter of 2009 to HK$88.9 billion in last year's fourth quarter.

The invisible trade surplus rose from HK$100.3 billion in the fourth quarter of 2009 to HK$128.8 billion in the same quarter last year, as exports of services increased faster than imports of services. Overall, a combined visible and invisible trade surplus of Hk$39.8 billion was recorded in last year's fourth quarter.

For factor income flows, the external factor income inflow and outflow amounted to HK$227.4 billion and HK$227.9 billion, yielding a net outflow of HK$500 million.