23-13    Hong Kong's Balance of Payments Account
			(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)
Notes: In line with the latest major revision of GDP data series, relevant BoP figures for 1998 to 2001 have been revised.
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 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.
④In 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.