23-16  Hong Kong's Balance of Payments Account
	(HKD 100 million)
Standard Component①	2004	2005	2006	2007	2008@
Current Account②	1225.12	1569.33	1781.66	1991.60	2376.28
Goods	-725.14	-593.47	-1,089.83	-1,536.72	-1,800.91
Services	1870.77	2311.57	2771.54	3284.88	3617.94
Income	234.10	16.48	273.48	444.37	814.43
Current Transfers	-154.61	-165.24	-173.53	-200.93	-255.18
Capital and Financial Account②	-1846.40	-1824.31	-2099.35	-2592.47	-2158.22
Capital Transfers	-25.61	-49.39	-29.00	103.38	169.09
Direct Investment	-910.38	499.96	6.35	-525.77	239.15
Portfolio Investment	-3063.68	-2450.17	-2078.79	-214.52	-2924.74
Financial Derivatives	443.19	305.02	259.25	435.34	636.11
Other Investment	1964.92	-22.94	210.19	-1245.92	2360.85
Reserve Assets (Net Change)③	-254.86	-106.79	-467.35	-1144.98	-2638.69
Net Errors and Omissions④	621.28	254.98	317.69	600.87	-218.06
Overall Balance of Payments	254.86	106.79	467.35	1144.98	2638.69
	(in surplus)	(in surplus)	(in surplus)	(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.
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 different 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.