Other Information
Major Economic Indicators
Item Unit Calendar year
2000 2001 2002 2003 2004 2005 2006 2007
Nominal GDP million US$ 169,125 166,588 163,779 158,567 165,886 177,779 189,999 207,180
Growth rate of real GDP % 8.0 0.5 1.8 3.0 8.5 7.1 7.0 6.4
Per capita GDP US$ 25,375 24,811 24,285 23,558 24,454 26,093 27,708 29,914
CPI(A)* % -3.0 -1.7 -3.2 -2.1         
CPI(B)* % -3.9 -1.6 -3.1 -2.7        

CPI(C)*
% -4.5 -1.5 -2.8 -2.9        

Composite CPI*
% -3.8 -1.6 -3.0 -2.6        
Foreign exchange rate (Period average) per US$ 7.791 7.799 7.799 7.787        
External Transactions HK$ million

           
- Imports of goods
1,643,199 1,553,952 1,601,527 1,794,059 2,099,545 2,311,091 2,576,340 2,852,522
- Exports of goods
1,579,367 1,488,982 1,562,121 1,749,089 2,027,031 2,251,744 2,467,357 2,698,850
Balance of trade in goods
-63,832 -64,970 -39,406 -44,970 -72,514 -59,347 -108,983 -153,672
- Imports of services
192,427 194,180 202,494 203,400 242,507 264,237 287,900 321,656
- Exports of services
315,012 320,799 347,836 362,420 429,584 495,394 565,054 651,815
Balance of trade in services
122,585 126,619 145,342 159,020 187,077 231,157 277,154 330,159
- Net factor income flows
8,754 28,543 5,652 28,491 23,410 1,648 27,348 62,267
- Net current transfers
-13,013 -13,878 -14,787 -14,301 -15,461 -16,524 -17,353 -20,022
Current account balance
54,494 76,315 96,800 128,240 122,512 156,933 178,166 218,732
Capital and financial non-reserve assets(net change)
20,459 -60,829 -169,720 -171,497 -159,155 -171,752 -163,199 -135,959
Reserve assets(net change)
-78,321 -36,530 18,541 -7,589 -25,486 -10,679 -46,735 -114,498


Fiscal year
Budget million US$^

           
- Revenue#
28,854 22,508 22,755 26,582  33,794 31,671    
- Outlay
29,858 30,627 30,664  31,726 31,056 29,881    
- Balance
-1,004 -8,119 -7,909 -5,144 2,738 1,790    
- Balance/GDP** % -0.60 -4.88 -4.83 -3.25 1.65 1.01    
Money Supply billion HK$

           
- M1
244 258 296  413        
of which in
HK$

204 230 259 354        


*

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

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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.

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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 1999 - September 2000) were $4,500-$18,499, $18,500-$32,499 and $32,500-$65,999 respectively. After 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 2001 are broadly equivalent to $4,400-$18,100, $18,000-$31,800 and $31,800-$64,600 respectively. 

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The CPIs from October 1999 onwards are compiled based on expenditure weights obtained from the 1999/2000 Household Expenditure Survey. The CPIs for earlier periods are compiled based on old weights and have been re-scaled to the new base period for linking with the new index series.

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As from the reference month of October 2000 onwards, the year-on-year rates of change are derived from the 1999/2000-based CPIs. For the earlier periods, the year-on-year rates of change are derived from the 1994/95-based CPIs.

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** 

Refer to calendar year.

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Including net proceeds from issuance of bonds and notes in 2004-05.

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^

US dollar was converted at a fixed rate of HK$7.8 = US$1.

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Last revision date: 17 June 2008