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24-15 Balance of Payments Account |
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(HKD 100 million) |
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Standard Components① |
1999 |
2000 |
2001 |
2002@ |
2003@ |
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Current
Account② |
798.16 |
551.93 |
775.31 |
982.41 |
1257.38 |
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Goods |
-245.01 |
-638.32 |
-649.70 |
-394.06 |
-449.70 |
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Services |
814.84 |
1102.70 |
1152.04 |
1357.36 |
1512.91 |
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Income |
347.77 |
217.68 |
411.74 |
166.98 |
341.28 |
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Current
Transfers |
-119.43 |
-130.13 |
-138.78 |
-147.87 |
-147.11 |
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Capital and
Financial Account② |
-833.74 |
-578.63 |
-973.59 |
-1511.79 |
-1514.50 |
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Capital
Transfers |
-138.12 |
-120.44 |
-91.55 |
-156.86 |
-79.13 |
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Direct
Investment |
405.11 |
199.76 |
969.48 |
-606.85 |
762.44 |
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Portfolio Investment |
2568.12 |
1907.82 |
-3220.45 |
-3024.84 |
-2371.43 |
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Financial Derivatives |
792.25 |
16.61 |
396.40 |
515.63 |
795.68 |
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Other
Investment |
-3682.43 |
-1799.17 |
1337.83 |
1575.73 |
-546.18 |
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Reserve
Assets (Net Change)③ |
-778.67 |
-783.21 |
-365.30 |
185.41 |
-75.89 |
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Net Errors
and Omissions④ |
35.57 |
26.70 |
198.29 |
529.38 |
257.12 |
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Overall
Balance of Payments |
778.67 |
783.21 |
365.30 |
-185.41 |
75.89 |
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(in surplus) |
(in surplus) |
(in surplus) |
(in deficit) |
(in surplus) |
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Notes:①In accordance with the Balance of Payments
accounting rules, a net credit for a standard component is represented by a
positive |
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value, and a net debit a
negative value. |
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②A positive value for the balance figure in the
current account represents a surplus whereas a negative value represents a
deficit. |
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For the capital and financial account, a positive value indicates a
net capital and financial inflow and a negative value indicates |
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a net outflow. As
increases in external assets are debit entries and decreases are credit
entries, a negative value for net change |
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in reserve assets represents a net increase and a positive value
represents a net decrease. |
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③The estimates on net change in reserve assets
under the Balance of Payments framework are transaction figures. Effects from |
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valuation changes (including
price changes and exchange rate changes) and reclassifications are excluded. |
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④In principle, the net sum of credit entries
and debit entries is zero. In
practice, discrepancies between the credit and debit entries |
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may however occur for various reasons as the data are collected from
many sources. Equality between
the sum of credit entries |
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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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