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23-13 Hong Kong's Balance of
Payments Account |
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(HKD 100 million) |
| Standard Components1* |
1998 |
1999 |
2000@ |
2001@ |
| Current
Account2* |
342.83 |
934.47 |
709.60 |
915.25 |
|
Goods |
-606.67 |
-245.01 |
-638.32 |
-649.70 |
|
Services |
785.52 |
951.15 |
1260.37 |
1334.68 |
|
Income |
287.62 |
347.77 |
217.68 |
361.37 |
|
Current Transfers |
-123.64 |
-119.43 |
-130.13 |
-131.10 |
| Capital and
Financial Account2* |
-315.14 |
-833.74 |
-578.63 |
-857.17 |
|
Capital Transfers |
-184.45 |
-138.12 |
-120.44 |
-90.59 |
|
Direct Investment |
-171.92 |
405.11 |
199.76 |
1080.68 |
|
Portfolio Investment |
1710.52 |
2568.12 |
1907.82 |
-3093.17 |
|
Financial Derivatives |
255.50 |
792.25 |
16.61 |
391.08 |
|
Other Investment |
-2450.59 |
-3682.43 |
-1799.17 |
1220.13 |
|
Reserve Assets (Net Change)3* |
525.81 |
-778.67 |
-783.21 |
-365.30 |
| Net Errors and
Omissions4* |
-27.70 |
-100.74 |
-130.97 |
-58.08 |
| Overall Balance of
Payments |
-525.81 |
778.67 |
783.21 |
365.30 |
|
(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. |
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1*In
accordance with the Balance of Payments accounting rules, a net credit for
a standard component is represented by |
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a positive value,and a net debit a negative value. |
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2*A 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 asset represents a net increase and a positive value represents a net
decrease. |
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3*The
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. |
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4*In
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 |
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the sum of credit entries and debit entries is brought about by the inclusion of a balancing item which |
| reflects net errors and omissions. |
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@Figures are subject to revision later on as more data become
available. |
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