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23-13 Hong Kong's Balance of Payments Account |
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(HKD 100 million) |
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Standard Components¢Ù |
1998 |
1999 |
2000@ |
2001@ |
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Current Account¢Ú |
342.83 |
934.47 |
709.60 |
915.25 |
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Goods |
-606.67 |
-245.01 |
-638.32 |
-649.70 |
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Services |
785.52 |
951.15 |
1260.37 |
1334.68 |
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Income |
287.62 |
347.77 |
217.68 |
361.37 |
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Current Transfers |
-123.64 |
-119.43 |
-130.13 |
-131.10 |
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Capital and Financial Account¢Ú |
-315.14 |
-833.74 |
-578.63 |
-857.17 |
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Capital Transfers |
-184.45 |
-138.12 |
-120.44 |
-90.59 |
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Direct Investment |
-171.92 |
405.11 |
199.76 |
1080.68 |
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Portfolio Investment |
1710.52 |
2568.12 |
1907.82 |
-3093.17 |
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Financial Derivatives |
255.50 |
792.25 |
16.61 |
391.08 |
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Other Investment |
-2450.59 |
-3682.43 |
-1799.17 |
1220.13 |
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Reserve Assets (Net Change)¢Û |
525.81 |
-778.67 |
-783.21 |
-365.30 |
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Net Errors and Omissions¢Ü |
-27.70 |
-100.74 |
-130.97 |
-58.08 |
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Overall Balance of Payments |
-525.81 |
778.67 |
783.21 |
365.30 |
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(in deficit) |
(in surplus) |
(in surplus) |
(in surplus) |
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| Notes: In line with the latest major revision of GDP data series, relevant BoP figures for 1998 to 2001 have been revised. |
| ¢ÙIn accordance with the Balance of Payments accounting rules, a net credit for a standard component is represented by a positive value, |
| and a net debit a negative value. |
| ¢ÚA positive value for the balance figure in the current account represents a surplus whereas a negative value represents a deficit. For the |
| capital and financial account, a positive value indicates a net capital and financial inflow and a negative value indicates a net outflow. |
| As increases in external assets are debit entries and decreases are credit entries, a negative value for net change in reserve assets |
| represents a net increase and a positive value represents a net decrease. |
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| ¢ÛThe estimates on net change in reserve assets under the Balance of Payments framework are transaction figures. Effects from valuation |
| changes (including price changes and exchange rate changes) and reclassifications are excluded. |
| ¢ÜIn principle, the net sum of credit entries and debit entries is zero. In practice, discrepancies between the credit and debit entries may |
| however occur for various reasons as the data are collected from many sources. Equality between the sum of credit entries and debit |
| entries is brought about by the inclusion of a balancing item which reflects net errors and omissions. |
| @Figures are subject to revision later on as more data become available. | |
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