HONG KONG MONETARY AUTHORITY Annual Report 1996

TABLE 1: MAJOR ECONOMIC INDICATORS

 

19921993199419951996
1997 (a)
I. GROSS DOMESTIC PRODUCT
Real GDP growth (%) 6.3 6.1 5.4 4.7 4.7 (b) 5.5
Nominal GDP growth (%) 16.6 15.2 12.6 7.3 10.2 (b) 12.8
Real growth of major expenditure
components of GDP (%)
 
- Private consumption
expenditure
8.5 7.5 6.7 0.8 4.4 (b) 5.5
 
- Government consumption
expenditure
7.2 2.2 3.9 4.4 4.6 (b) 5.0
 
- Gross domestic fixed
capital formation,
9.2 3.7 15.7 9.6 11.1 (b) 7.4
of which
- Construction
0.0 11.5 18.4 1.8 5.6 (b) 5.8
- Machinery and equipment
21.4 2.7 17.7 25.1 13.5 (b) 7.6
- Exports
18.3 12.7 9.8 11.9 5.0 (b) 8.4
- Imports
20.8 12.0 13.5 13.0 4.1 (b) 8.7
  GDP at current market price
(US$ billion) 100.7 116.0 130.8 140.2 154.6 (b) 172.9
  Per capita GDP at current
market price (US$) 17,357 19,660 21,674 22,774 24,500 (b) 26,600
II. EXTERNAL TRADE (HK$ billion)
Merchandise trade
Domestic exports of goods
234.1 223.0 222.1 231.7 212.2 (b) 214.0
Re-exports of goods
690.8 823.2 947.9 1,112.5 1,185.8 (b) 1,315.3
Total Imports of goods (c)
958.5 1,075.7 1,254.4 1,495.7 1,539.9 (b) 1,687.3
Merchandise trade balance (c)
-33.5 -29.5 -84.4 -151.6 -141.9 (b) -158.0
Services trade
Exports of services
189.4 215.6 240.7 279.3 302.9 (b) 342.5
Imports of services
114.2 123.0 144.1 165.9 172.8 (b) 188.7
Services trade balance
75.1 92.6 96.6 113.3 130.0 (b) 153.8
III. FISCAL EXPENDITURE AND REVENUE
(HK$million, fiscal year)
Total government expenditure (d) 113,332 147,438 164,155 183,158 187,164 (b) 203,062
Total government revenue (e) 135,311 166,602 174,998 180,045 202,276 (b) 234,739
Consolidated cash surplus 21,979 19,164 10,843 -3,113 15,112 (b) 31,677
  Reserve balance as at end of
fiscal year
121,032 140,196 151,040 147,927 163,039 (b) 359,316 (f)
IV. PRICES (annual change, %)
Consumer Price Index (A)** 9.4 8.5 8.1 8.7 6.0
7.0
  Composite Consumer Price
Index**
9.6 8.8 8.8 9.1 6.3
n.a.
Trade Unit Value Indices
- Domestic exports
1.0 0.3 1.6 2.4 0.3
n.a.
- Re-exports
0.8 -0.6 1.5 3.5 -0.5
n.a.
- Imports
0.2 -0.6 2.8 5.0 -1.3
n.a.
Property Price Indices
- Residential flats
41 10 23 -7 9 (b) n.a.
- Office premises
37 20 39 -15 -3 (b) n.a.
- Retail premises
40 22 17 -3 0 (b) n.a.
- Flatted factory premises
29 20 6 -12 -14 (b) n.a.
n.a. : not available

Figures set out in Tables 1 to 15 may not add up due to rounding.

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