24-16  Hong Kong's Balance of Payments Account
	(HKD 100 million)
Standard Component①	2007	2008	2009	2010	2011
Current Account②	1993	2295	1392	962	1005
Goods	-1537	-1801	-2082	-3338	-4368
Services	3286	3521	3292	4285	5106
Income	444	833	429	283	568
Current Transfers	-201	-259	-246	-268	-302
Capital and Financial Account②	-2592	-2312	-1554	-1525	-1395
Capital Transfers	103	164	362	409	577
Direct Investment	-526	704	-899	-1890	121
Portfolio Investment	-215	-2951	-3324	-4674	-278
Financial Derivatives	435	633	246	187	229
Other Investment	-1246	1777	7554	5154	-928
Reserve Assets (Net Change)③	-1145	-2639	-5493	-711	-1116
Net Errors and Omissions④	600	17	161	563	390
Overall Balance of Payments	1145	2639	5493	711	1116
	(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 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.