Other Information
Major Economic Indicators
Item

Unit

Calendar year

2007 2008 2009
Nominal GDP million US$

207,083

215,143

210,563

Growth rate of real GDP

%

6.4

2.2

-2.8

Per capita GDP US$

29,900

30,833

30,064

CPI(A)* %

1.3

3.6

0.4

CPI(B)* %

2.2 

4.6

0.5

CPI(C)* %

2.7

4.7

0.6 

Composite CPI*

%

2.0 

4.3 

0.5 

Foreign exchange rate@ 
(Period average)
HK$ per US$

7.801 

7.787 

7.752 

External Transactions million HK$      
- Imports of goods  

2,852,522

3,024,089

2,702,966

- Exports of goods  

2,698,850

2,843,998

2,494,746

Balance of trade in goods  

-153,672

-180,091

-208,220

- Imports of services  

332,240

366,484

344,009

- Exports of services   660,728 717,249 669,015
Balance of trade in services   328,488 350,765 325,006
- Net factor income flows   44,437 83,306 49,392
- Net current transfers   -20,093

-25,855

-24,491
Current account balance   199,160 228,125 141,687
Capital and financial non-reserve assets 
(net change)
  -144,749 32,707 384,338
Reserve assets(net change)   -114,498 -263,869 -549,262
¡@

Fiscal year

¡@ million HK$      
- Government Revenue#   358,465 316,562 318,442
- Government Expenditure^   234,815 315,112 292,525
- Consolidated surplus / (Deficit)   123,650 1,450 25,917
- As a % of GDP**

7.7 0.1 1.6
Money Supply million HK$      
- M1^^   616,709  645,833  901,819 
of which in HK$   454,342  491,115  671,241 


*

Four series of Consumer Price Indices(CPIs) are compiled to reflect the impact of consumer price changes on households in different expenditure ranges.
 

The CPI(A), CPI(B) and CPI(C) are compiled based on the expenditure patterns of households in the relatively low, medium and relatively high expenditure ranges. By aggregating the expenditure patterns of all households covered by the above three indices, a Composite CPI is also compiled to reflect the impact of consumer price changes on the household sector as a whole. The year-on-year rate of change in this index is generally taken to reflect overall consumer price inflation.

 

The CPI(A), CPI(B) and CPI(C) respectively cover some 50%, 30% and 10% of households in Hong Kong. The monthly household expenditures (in HK$) of these groups in the base period (i.e. October 2004 - September 2005) were $4,000-$15,499, $15,500-$27,499 and $27,500-$59,999 respectively. Taking into account the impact of price changes since the base period, the monthly household expenditure ranges of the CPI(A), CPI(B), and CPI(C) adjusted to the price level of 2009 are broadly equivalent to $4,300-$16,900, $16,900-$30,400 and $30,400-$66,500 respectively. 

 

@

Figures are the averages of the daily closing middle-market rates for the respective period. They are the telegraphic transfer rates.
    

** 

Refer to calendar year.
   

Including net proceeds from issuance of bonds and notes.
   

^

Including repayment of bonds and notes.
   
^^ M1 refers to the sum of legal tender notes & coins held by the public plus customers demand deposits placed within licensed bank.

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Last revision date: 04 October 2010