| 24-15 Hong Kong's Balance of Payments
Account | |
| |
| |
| | | (HKD 100 million) | |
| Standard Components① | 2001 | 2002 | 2003 | 2004 | 2005 | |
| | | | | | |
| Current Account②
| 763.15 | 968.00 | 1282.40 | 1224.91@ | 1576.92@ | |
| Goods
| -649.70 | -394.06 | -449.70 | -725.14@ | -593.47@ | |
| Services③
| 1266.20 | 1453.41 | 1590.20 | 1870.56@ | 2316.23@ | |
| Income③
| 285.43 | 56.52 | 284.91 | 234.1@ | 24.63@ | |
| Current
Transfers
| -138.78 | -147.87 | -143.01 | -154.61@ | -170.46@ | |
| Capital and Financial Account②
| -973.59 | -1511.79 | -1790.86 | -1846.40@ | -1608.82@ | |
| Capital
Transfers
| -91.55 | -156.86 | -82.92 | -25.61@ | -52.37@ | |
| Direct
Investment
| 969.48 | -606.85 | 633.72 | -910.38@ | 258.45@ | |
| Portfolio Investment
| -3220.45 | -3024.84 | -2646.19 | -3063.68@ | -1681.00@ | |
| Financial Derivatives
| 396.40 | 515.63 | 782.88 | 443.19@ | 137.54@ | |
| Other
Investment
| 1337.83 | 1575.73 | -402.47 | 1964.92@ | -164.64@ | |
| Reserve
Assets (Net Change)④
| -365.3 | 185.41 | -75.89 | -254.86@ | -106.79@ | |
| Net Errors and Omissions⑤
| 210.44 | 543.79 | 508.46 | 621.49@ | 31.9@ | |
| Overall Balance of Payments
| 365.30 | -185.41 | 75.89 | 254.86@ | 106.79@ | |
| | |
| (in surplus) | (in deficit) | (in surplus) | (in surplus) | (in surplus) | |
| | | | | | |
| Notes: ①In 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.
|
| ②A 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. |
| ③The Census and
Statistics Department completed an exercise to implement the latest
international guidelines on dealing with | |
| financial intermediation services produced by banks in the estimation
of national accounts statistics of Hong Kong in mid-August | |
| 2005. As a result of this
statistical development, figures presented in this table were revised.
|
| ④The 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.
|
| ⑤In 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 |
