23.03.200907:02:00UTC+00Hong Kong BoP Surplus Rises In Q4

Hong Kong recorded a balance of payments surplus of HK$ 147.3 billion in the fourth quarter, up from a surplus of HK$ 51.3 billion in the third quarter.

The current account surplus increased to HK$ 80.5 billion in the fourth quarter from HK$ 75.3 billion in the previous quarter. The deficit in the goods account decreased to HK$ 30.6 billion from HK$ 41.3 in the previous quarter. At the same time, the surplus in the services account increased to HK$ 99.7 billion from HK$ 98.6 billion.

Meanwhile, the surplus in the income account declined to HK$ 17.1 billion from HK$ 24.2 billion in the previous quarter. On the other hand, the deficit in the current transfers account narrowed to HK$ 5.7 billion from HK$ 6.2 billion in the third quarter.

During the fourth quarter, the capital and financial account registered a deficit of HK$ 69.1 billion, smaller than the HK$ 92.3 billion deficit logged in the third quarter.

In 2008, the balance of payments showed a surplus of HK$ 263.8 billion, larger than the surplus of HK$ 114.4 billion in the previous year.

Copyright(c) 2009 News.com, Inc. All Rights Reserved