Hong Kong logged a balance of payments deficit of HK$23 billion in the third quarter of the year, 2.8% of its gross domestic product, compared with HK$62.7 billion recorded for the second quarter of the year representing 8.3% of its gross domestic product, a Friday report by the Census and Statistics Department said.
The reserve assets decreased correspondingly during the period.
The current account, however, showed the city's savings to be greater than the investment by booking a surplus of HK$120.8 billion, 14.9% of GDP, in Q3, compared with HK$111.4 billion, 14.5% of GDP, logged for Q3 last year.
The goods deficit was reduced to HK$1.1 billion in the reviewing period compared with HK$21.4 billion recorded for the same period last year.
The primary income inflow came in at HK$616.1 billion, the outflow at HK$528.9 billion, and yielded a net inflow of HK$87.2 billion in the third quarter of the year.
City's external financial assets stood at about HK$53 trillion, 16.9 times of its GDP, while its liabilities were recorded at HK$36.9 trillion, 11.8 times of its GDP, at the end of Q3.
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