Crude birth rate refers to the number of live births occurred during a calendar year to the mid-year population of that
year. It is usually expressed in terms of 1000 population.
Crude death rate refers to the number of deaths occurred during a calendar year to the mid-year population of that year.
It is usually expressed in terms of 1000 population.
Expectation of life at birth refers to the average number of years of life that a male/female born in a given year can
expect to live if he/she were subjected to the prevalent mortality conditions as reflected by the set of age sex specific
mortality rates for that year.
Mid-year population before 1996 was compiled using the "extended de facto" approach. It includes Hong Kong
Permanent and Non-permanent Residents and visitors who are in Hong Kong at the reference time-point. Hong Kong
Permanent Residents temporarily away to the mainland of China and Macao are also included. Since August 2000, the
"resident population" approach has been adopted in place of the "extended de facto" approach for compiling Hong Kong
population figures. Revised population figures backdated to 1996 have been compiled. The population estimate compiled
under the "resident population" approach is referred to as the "Hong Kong Resident Population". The "Hong Kong Resident
Population" comprises "Usual Residents" and "Mobile Residents". "Usual Residents" refer to two categories of people : (1)
Hong Kong Permanent Residents who have stayed in Hong Kong for at least three months during the six months before or for
at least three months during the six months after the reference time-point, regardless of whether they are in Hong Kong or
not at the reference time-point; and (2) Hong Kong Non-permanent Residents who are in Hong Kong at the reference time-
point. As for "Mobile Residents", they are Hong Kong Permanent Residents who have stayed in Hong Kong for at least one
month but less than three months during the six months before or for at least one month but less than three months during
the six months after the reference time-point, regardless of whether they are in Hong Kong or not at the reference time
-point. Under the new approach, visitors are not included in the Hong Kong Population.
Total fertility rate refers to the average number of children that would be born alive to 1000 women during their lifetime if
they were to pass through their childbearing ages 15-49 experiencing the age specific fertility rates prevailing in a given year.
Infant mortality rate refers to the number of deaths aged under one occurred during a calendar year per 1000 live births
in the same year.
Labour force refers to the land-based non-institutional population aged 15 and over who satisfy the criteria for inclusion
in the employed population or the unemployed population.
Labour force participation rate refers to the proportion of labour force in the land-based non-institutional population
aged 15 and over.
Employed population consists of those persons aged 15 and over who have been at work for pay or profit during the
seven days before enumeration or have had formal job attachment. Unpaid family workers and employed persons who have
been on leave/holiday during the seven days before enumeration are included.
Unemployed population comprises all those persons aged 15 and over who have not had a job, have not performed
any work for pay or profit, have been available for work during the seven days before enumeration and have sought work
during the thirty days before enumeration. It also includes persons without a job who have sought work but have not been
available for work because of temporary sickness; and persons without a job who have been available for work but have not
sought work because they (I) have made arrangements to take up a new job or to start business at a subsequent date; or
(II) were expecting to return to their original jobs; or (III) believe that work is not available to them (persons in (III) refer to
“discouraged workers”).
Unemployment rate refers to the proportion of unemployed persons in the labour force.
Underemployed population comprises those employed persons who have involuntarily worked less than thirty-five
hours during the seven days before enumeration and have sought additional work during the thirty days before enumeration,
or have not sought but have been available for additional work during the seven days before enumeration. Following this
definition, employed persons taking no-pay leave due to slack work during the seven days before enumeration are also
classified as underemployed if they worked less than thirty-five hours or were on leave even for the whole period during the
seven-day period.
Underemployment rate refers to the proportion of underemployed persons in the labour force.
Real wage index indicates changes in the purchasing power of the amount of money earned as wages by employees up
to supervisory level and is obtained by deflating the nominal wage index by the Consumer Price Index(A).
Monthly employment earnings refer to earnings from all jobs during the last month. For employees, they include wage
and salary, bonus, commission, housing allowance, overtime allowance and attendance allowance. However, back pays are
excluded. For employers and self-employed, they refer to amounts drawn from the self-owned enterprise for personal and
household use. If information on the amounts drawn for personal and household use is not available, data on net earnings
from business would be collected instead.
Gross Domestic Product (GDP) is a measure of the total value of production of all resident producing units of a country
or territory in a specified period, before deducting allowance for consumption of fixed capital.
Per capita GDP of a country or territory is obtained by dividing total GDP in a year by the population of that country or
territory in the same year.
Gross National Product (GNP) refers to the total income of the residents of a country or region from engaging in various
economic activities, irrespective of whether the economic activities are carried out in the economic territory of the country or
region or not. In other words, the gross national product should include the income of the residents engaged in various
economic activities within or outside the economic territory of the country or region, but exclude the income of non-residents
engaged in economic activities in the economic territory of the country or region. The following formula is used in the
calculation of the gross national product:
GNP = Gross Domestic Product
+Factor income earned by residents from outside
the economic territory of the country or region
-Factor income earned by non-residents from within
the economic territory of the country or region.
Per capita GNP of a country or a region refers to the gross national product of the country or region in a year divided
by the total population in the same year.
The components of factor income are mainly classified into investment income and compensation of employees.
Investment income includes direct investment income, portfolio investment income and other investment income.
The items "Balance of Payments accounts" until "Reserve assets" are applicable to balance of payments account (Table 23-1
4):
Balance of Payments (BOP) account is a statistical statement that systematically summarizes, for a specific time
period, the economic transactions of an economy with the rest of the world. A complete BOP account comprises two broad
accounts: (a) Current Account; (b) Capital and Financial Account.
Current account largely measures flow of real resources, including exports and imports of good and services, income
receivable and payable abroad, and current transfers from and to abroad.
Goods comprise all movable goods that change ownership from residents to non-residents (exports) and from non
-residents to residents (imports).
Services include services rendered by residents to non-residents (exports) and by non-residents to residents (imports).
Income consists of earnings by residents from non-residents (income receivable) and by non-residents from residents
(income payable) for the provision of factors of production.
Current transfers are those transactions in which an economy provides to other economies real or financial resources,
that are immediately or shortly consumed, without receiving equivalent values in return.
Capital account measures external transactions in capital transfers, and in acquisition or disposal of non-produced, non-
financial assets.
Capital transfers are transfers of ownership of a fixed asset or the forgiveness of a liability without receiving any
economic value in return.
Financial account records transactions in financial assets and liabilities between residents and non-residents. It shows
how an economy's external transactions are financed. Transactions in the financial account are classified into direct
investment, portfolio investment, financial derivatives, other investment and reserve assets.
Direct investment refers to external investment in which an investor of an economy acquires a lasting interest and an
effective control over the management of an enterprise located in another economy.
Portfolio investment refers to investment in non-resident equity securities and debt securities (e.g. bonds and notes,
money market instruments), for which the investors have no lasting interest or influence in the management of the
companies they invest.
Financial derivatives are financial instruments that are linked to a specific financial instrument or indicator or
commodity, and through which specific financial risks can be traded in financial markets (including on Exchange and over the
counter) in their own right.
Other investment refers to other financial claims on and liabilities to non-residents that are not classified as direct
investment, portfolio investment, financial derivatives or reserve assets.
Reserve assets consist of foreign currency assets that are readily available to and controlled by the monetary authority of
an economy (in the case of Hong Kong, the Hong Kong Monetary Authority) for directly financing payment imbalances and for
indirectly regulating the magnitude of such imbalances through intervention in foreign exchange markets to affect the
currency exchange rate of that economy.
International Investment Position (IIP) is a balance sheet showing an economy’s stock of external financial assets
and liabilities at a particular time point. External financial assets consist of claims on non-residents. On the other hand, an
economy’s external financial liabilities refer to the financial claims of non-residents on residents of the economy.
Net IIP is the difference between total external financial assets and total external financial liabilities. Fully consistent with
the balance of payments financial account, IIP is categorized by type of investment. Assets and liabilities are divided into
direct investment, portfolio investment, financial derivatives and other investment. The asset side of IIP also includes the
reserve assets. For detailed explanation on investment components, please refer to the explanatory notes on the
components of the financial account of the Balance of Payments account.
Index of industrial production measures the changes in local manufacturing output in real terms, i.e. changes in the
volume of local production after discounting the effect of price changes.
Assignments of building units refer to documents which effect the transfer of ownership of property of undivided shares
of a lot, i.e. building units.
Buildings with consents to commence work refer to buildings with consents to commence building works issued by
the Buildings Department. Such "consents" are issued to private development projects (including Hong Kong Housing Society's
projects) and Hong Kong Housing Authority's development projects under the Private Sector Participation Scheme, except
small houses in the New Territories where "consents" are not required.
Usable floor area is defined as the aggregate of the areas of the floor or floors in a storey or a building excluding any
staircases, public circulation space, lift landings, lavatories, water-closets, kitchens and any space occupied by machinery for
any lift, air-conditioning system or similar service provided for the building.
Tenure of accommodation refers to the terms or conditions under which the accommodation is held by a domestic
household. The different terms are defined as follows:
Owner-occupier refers to a household which owns the quarters it occupies.
Sole tenant refers to a household which rents the whole quarters it occupies from someone who lives outside the quarters
without sharing it with other household(s) or subletting.
Co-tenant refers to two or more households each of which rents part of the quarters from someone who lives outside the
quarters.
Main tenant refers to a household which rents the whole quarters it occupies from someone who lives outside the quarters
and sublets part of it to other household(s).
Sub-tenant refers to a household which rents part of the quarters from someone who lives in the same quarters.
Rent free refers to a household which occupies an accommodation free, with or without the owner's permission. This does
not include owner-occupiers or households occupying accommodation provided by employers.
Accommodation provided by employer refers to a household which occupies an accommodation provided by the
employer of one of the household members. This also includes households occupying quarters leased from employers at a
nominal rent. If a household member uses housing allowance given by his/her employer for renting accommodation, the
tenure is not regarded as accommodation provided by employer.
Inward and outward movements of passenger trains refer to the through train services operated by the Kowloon-
Canton Railway Corporation (KCRC) between Hong Kong and the mainland of China.
Inward and outward movements of motor vehicles refer to traffic through the control points at Lok Ma Chau, Man
Kam To and Sha Tau Kok to and from the mainland of China.
Motor vehicle licensing conveys the right for a vehicle to be driven on a road. The valid period is either four months or
a year. The total vehicles licensed figure refers to end of the year position.
Domestic exports are the natural produce of Hong Kong or the products of a manufacturing process in Hong Kong which
has changed permanently the shape, nature, form or utility of the basic materials used in manufacture. Their values are
recorded on f.o.b (free-on-board) basis.
Re-exports are products which have previously been imported into Hong Kong and which are re-exported without having
undergone in Hong Kong a manufacturing process which has changed permanently the shape, nature, form or utility of the
product. Their values are recorded on f.o.b (free-on-board) basis.
Imports are goods which have been produced or manufactured in places outside the jurisdiction of Hong Kong and brought
into Hong Kong for domestic use or for subsequent re-export as well as Hong Kong products re-imported. Their values are
recorded on c.i.f. (cost, insurance and freight) basis.
Exports to the mainland of China for outward processing refer to raw materials or semi-manufactures exported
from or through Hong Kong to the mainland of China for processing with a contractual arrangement for subsequent re
-importation of the processed goods into Hong Kong.
Imports from the mainland of China related to outward processing refer to processed goods imported from the
mainland of China of which all or part of the raw materials or semi-manufactures have been under contractual arrangement
exported from or through Hong Kong to the mainland of China for processing.
Re-exports of the mainland of China origin to other places involving outward processing in the mainland of
China refer to processed goods re-exported through Hong Kong of which all or part of the raw materials or semi
-manufactures have been exported from or through Hong Kong to the mainland of China for processing with a contractual
arrangement for subsequent re-importation of the processed goods into Hong Kong.
The items "Direct investment" until "Flow of direct investment" are applicable to direct investment (Table 23-31 and 23-32):
Direct investment represents investment which allows investors in one economy, on a long term basis, to influence or
have an effective voice in the management of an enterprise in another economy. For statistical purpose, an effective voice is
taken as equivalent to a holding of 10% or more of the equity in an enterprise. Direct investment comprises equity capital,
reinvested earnings and other capital. Equity capital means equity in branches, stock and shares in subsidiaries and
associates. Reinvested earnings consist of investors' share of earnings of their subsidiaries or associates not distributed as
dividends. Other capital mainly involves inter-company debt transactions. These include short-term or long-term borrowing
and lending of funds between parent companies and their subsidiaries, associates and branches.
Inward direct investment refers to direct investment in a Hong Kong enterprise by a non-Hong Kong resident. Typical
examples of inward direct investment are multinational corporations' branches and subsidiaries operating in Hong Kong.
Outward direct investment refers to direct investment by a Hong Kong resident in a non-resident enterprise.
Position of direct investment refers to the value of investment abroad or investment received from abroad of Hong
Kong residents at a specified date.
Flow of direct investment refers to the additions/withdrawals of investment abroad or investment received from abroad
of Hong Kong residents during a period.
A regional headquarters is an office that has control over the operations of offices in the region (i.e. Hong Kong plus
one or more other places), and manages the business without frequent referrals to its parent company outside Hong Kong.
A regional office is an office that coordinates offices/operations in the region (i.e. Hong Kong plus one or more other
places), and manages the business but with frequent referrals to its parent company outside Hong Kong or its regional
headquarters.
The Loan Fund is used to finance schemes of the HKSAR Government loans, such as housing loans and students loans.
The main sources of income are appropriations from the General Revenue Account, loan repayments and interest on loans.
Effective exchange rate index (EERI) measures movements in the weighted average of the exchange rate of Hong
Kong Dollar (HKD) against the currencies of major trading partners of Hong Kong.
Exchange rates between Hong Kong Dollar and other currencies refer to the closing middle market telegraphic
transfer rates or notes rates.
Authorized institutions include licensed banks, restricted licence banks and deposit-taking companies.
Licensed banks can accept deposits of any size and any term of maturity. Before 1 October 1994, the maximum interest
rate payable on savings deposits and time deposits of original maturity of less than 15 months, with the exception of
deposits of HK$500,000 or above, were subject to an upper limit set by the Hong Kong Association of Banks. Deregulation of
“Interest Rate Rules” has taken place since 1 October 1994. With the final phase of interest rate deregulation came into
effect on 3 July 2001, there is no restriction on interest rate payable.
Restricted licence banks can accept time deposits in amounts of not less than HK$500,000 with any term of maturity.
There is no restriction on interest rate payable.
Deposit-taking companies can accept time deposits in amounts of not less than HK$100,000 with a term of maturity of
at least three months. There is no restriction on interest rate payable.
Foreign currency swap deposits refer to deposits involving customers buying foreign currencies in the spot market and
placing them as deposits with authorized institutions, while at the same time entering into a contract to sell such foreign
currencies (principal plus interest) forward in line with the maturity of such deposits. For most analytical purpose, they should
be regarded as Hong Kong dollar time deposits.
Money Supply M1 refers to the sum of legal tender notes and coins held by the public plus customers' demand deposits
placed with licensed banks.
Money Supply M2 refers to the sum of M1 plus customers' savings and time deposits with licensed banks, plus
negotiable certificates of deposits issued by licensed banks held by non-authorized institutions.
Money Supply M3 refers to the sum of M2 plus customer deposits with restricted licence banks and deposit-taking
companies plus negotiable certificates of deposits issued by restricted licence banks and deposit-taking companies held by
non-authorized institutions.
Hang Seng Index launched on 24 November 1969, is the key barometer of the Hong Kong stock market and reflects
general price movements and the performance of the market as a whole.
Consumer Price Index (CPI) summarizes changes in the price level of consumer goods and services purchased by
households. Its change measures the change over time in the total cost of a given basket of goods and services. Its year-
on-year rate of change is an important indicator of inflation affecting consumers. The year-on-year rate of change is the
percentage increase or decrease in the current index compared to that in the same period of preceding year.
Different CPIs are compiled by the Census and Statistics Department of the HKSAR 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. A Composite
CPI is compiled based on the expenditure patterns of all households taken together to reflect the impact of consumer price
changes on the household sector as a whole.
The expenditure weights of the CPIs are updated once every five years. The expenditure weights currently in use are
derived from the results of the Household Expenditure Survey conducted in 1999/2000 .
Educational attainment refers to the highest level of education ever attained by a person in school or other educational
institution, regardless of whether he/she had completed the course. Only formal courses are counted as educational
attainment. A formal course shall be one that lasts for at least one academic year, requires specific academic qualifications
for entrance (except sub-degree, associate degree, degree and post-graduate courses offered by the Open University of
Hong Kong) and includes examinations or specific academic assessment procedures.
Kindergarten refers to all classes in kindergarten.
Non-degree course refers to all higher diploma/endorsement certificate courses in technical institutes/technical colleges
(technical institutes and technical colleges were merged as the Hong Kong Institute of Vocational Education in
1999)/polytechnics (the present universities), associateship and other non-associateship courses in polytechnics (the present
universities) and other post-secondary colleges. Certificate/diploma courses in colleges/institute of education and in the Hong
Kong Technical Teachers' College and nurse training courses are also included in his category.
Degree course refers to all first degree courses and post-graduate courses in tertiary educational institutions in Hong
Kong and overseas.
Social Security Schemes aim to provide for the basic and special needs of the members of our community who are in
need of financial or material assistance. The non-contributory social security system comprises: the Comprehensive Social
Security Assistance Scheme, the Social Security Allowance Scheme, the Criminal and Law Enforcement Injuries Compensation
Scheme, the Traffic Accident Victims Assistance Scheme and Emergency Relief.
The Comprehensive Social Security Assistance (CSSA) Scheme (known as Public Assistance (PA) Scheme before 1
July 1993), which is means-tested, is designed to provide financial assistance to bring the income of needy individuals and
families up to a prescribed level to meet their basic needs.
The Social Security Allowance (SSA) Scheme (known as Special Needs Allowance (SNA) Scheme before 1 July 1993)
comprises Old Age Allowance (OAA) and Disability Allowance (DA). It provides monthly allowance to Hong Kong residents who
are 65 years of age or above or who are severely disabled to meet special needs arising from old age or disability.
The Criminal and Law Enforcement Injuries Compensation (CLEIC) Scheme provides cash assistance for people
injured or for dependants of those killed in crimes of violence and law enforcement acts on a non-means-tested basis.
The Traffic Accident Victims Assistance (TAVA) Scheme provides speedy cash assistance for people injured or for
dependants of those killed in road traffic accident. It is a non-means-tested scheme which does not take into account the
element of fault in causing the accident. Payments cover only personal injury and death but not damage to property.
Emergency relief provides meals or cash-in-lieu of meals and relief articles to victims of natural and other disasters
such as typhoon, flood, landslide, fire occurred over the territory.
Persons arrested for crime are counted based on the number of occasions on which the offenders are arrested, whether
or not they are prosecuted. If a person is arrested on two or more occasions, each occasion is counted as a ‘separate’
person. If a person is arrested on one occasion for several offences, the offence with the maximum permissible penalty
being the heaviest is chosen for statistical purposes.
|
