24-15  Hong Kong's Balance of Payments Account
				(HKD 100 million)
Standard Components①	2000	2001	2002	2003@	2004@
Current Account②	544.95	763.15	968.00	1282.40	1274.01
Goods	-638.32	-649.70	-394.06	-449.70	-725.14
Services③	1102.70	1152.04	1356.86	1533.69	1850.39
Income④	210.69	399.59	153.07	341.42	303.06
Current Transfers	-130.13	-138.78	-147.87	-143.01	-154.29
Capital and Financial Account②	-578.63	-973.59	-1511.79	-1790.86	-1363.38
Capital Transfers	-120.44	-91.55	-156.86	-82.92	-21.45
Direct Investment	199.76	969.48	-606.85	633.72	-444.06
Portfolio Investment	1907.82	-3220.45	-3024.84	-2646.19	-2513.46
Financial Derivatives	16.61	396.40	515.63	782.88	488.27
Other Investment	-1799.17	1337.83	1575.73	-402.47	1382.18
Reserve Assets (Net Change)⑤	-783.21	-365.30	185.41	-75.89	-254.86
Net Errors and Omissions⑥	33.68	210.44	543.79	508.46	89.37
Overall Balance of Payments	783.21	365.30	-185.41	75.89	254.86
	(in surplus)	(in surplus)	(in deficit)	(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.
③Figures have been revised to incorporate the revised data on destination consumption expenditure of incoming visitors and travellers
released by the Hong Kong Tourism Board.
④Figures prior to 2004 have been revised with the adoption of an enhanced methodology based on more relevant data available.
⑤The 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.
⑥In 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.