Hong Kong recorded a surplus of $26.7 billion in its balance of payments account in the fourth quarter of 2014, compared with a $68 billion surplus in the third quarter, the Census & Statistics Department said today.
For 2014 as a whole, there was a balance of payments surplus of $139.1 billion, compared with a $57.9 billion surplus in 2013.
A current-account surplus of $17 billion was recorded in the fourth quarter of 2014, compared with a surplus of $28.1 billion in the same quarter of 2013.
The drop was due to an increase in the goods deficit, partly offset by an increase in the services surplus, an increase in the net inflow of primary income, and a decrease in the net outflow of secondary income.
With imports of goods increasing faster than exports of goods, the goods deficit increased to $45.6 billion in the fourth quarter, compared with the $31.5 billion in the same quarter of 2013.
