24-16 Hong Kong's Balance of Payments Account |
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(HKD 100 million) |
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Standard Component① |
2006 |
2007 |
2008 |
2009 |
2010 |
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Current Account② |
1781.66 |
1992.79 |
2295.06 |
1392.49 |
1082.44 |
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Goods |
-1089.83 |
-1536.72 |
-1800.91 |
-2082.20 |
-3338.05 |
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Services |
2771.54 |
3286.07 |
3521.46 |
3292.28 |
4316.55 |
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Income |
273.48 |
444.37 |
833.06 |
428.66 |
365.68 |
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Current
Transfers |
-173.53 |
-200.93 |
-258.55 |
-246.25 |
-261.74 |
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Capital and Financial Account② |
-2099.35 |
-2592.47 |
-2311.62 |
-1553.71 |
-1374.10 |
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Capital
Transfers |
-29.00 |
103.38 |
163.93 |
362.10 |
406.47 |
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Direct
Investment |
6.35 |
-525.77 |
703.93 |
-899.00 |
-557.30 |
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Portfolio Investment |
-2078.79 |
-214.52 |
-2951.48 |
-3324.17 |
-4728.75 |
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Financial Derivatives |
259.25 |
435.34 |
633.38 |
245.60 |
291.56 |
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Other
Investment |
210.19 |
-1245.92 |
1777.32 |
7554.38 |
3924.78 |
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Reserve
Assets (Net Change)③ |
-467.35 |
-1144.98 |
-2638.69 |
-5492.62 |
-710.86 |
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Net Errors and Omissions④ |
317.69 |
599.68 |
16.56 |
161.22 |
291.66 |
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Overall Balance of Payments |
467.35 |
1144.98 |
2638.69 |
5492.62 |
710.86 |
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(in surplus) |
(in surplus) |
(in surplus) |
(in surplus) |
(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 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 the net change in reserve assets represents a net
increase |
and a positive value represents a net decrease. |
③The estimates of net
changes in reserve assets under the Balance of Payments framework are
transaction figures. Effects of 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. |
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