Hong Kong's current account surplus grew in the three months ended December, mainly due to an increase in the net inflow of primary income, figures from the Census and Statistics Department showed Thursday.
The current account surplus climbed to HK$34.8 billion in the fourth quarter from HK$27.4 billion in the corresponding period last year. In the third quarter, the surplus was HK$45.7 billion.
The goods trade deficit widened to HK$23.3 billion in the December quarter from HK$17.3 billion a year ago. At the same, the surplus on services trade shrank to HK$44.5 billion from HK$47.1 billion.
The primary income surplus increased notably to HK$19.4 billion in the fourth quarter from HK$2.9 billion in the same month of 2015. On the other side, the secondary come deficit rose to HK$5.7 billion from HK$5.3 billion.
The capital and financial account deficit widened to HK$66.1 billion from HK$53.5 billion.
For the whole year 2016, the current surplus was HK$112.5 billion versus HK$79.6 billion in 2015.
During the fourth quarter, overall balance of payments showed a surplus of HK$21.7 billion against a deficit of HK$2.0 billion in the third quarter.
The Bop Surplus for the whole year 2016 was HK$8.9 billion compared with a surplus of $282.0 billion in 2015.
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