Hong Kong, China. Key Indicators for Asia and the Pacific 2017

Transcription

1 Key Indicators for Asia and the Pacific POPULATION a Total population b million; as of 1 July Population density c persons per square kilometer 6,200 6,240 6,260 6,240 6,280 6,310 6,350 6,400 6,440 6,450 6,500 6,540 6,620 6,640 6,680 6,740 6,780 Population b annual change, percent Urban population percent of total population LABOR FORCE b million; calendar year Employed Agriculture, forestry, and fishing d Mining and quarrying d Manufacturing Electricity, gas, steam, and air-conditioning supply; water supply; sewerage, waste management, and remediation activities e Construction Wholesale and retail trade; repair of motor vehicles and motorcycles f Accommodation and food service activities g Transportation and storage h Information and communication Financial and insurance activities i Real estate activities Others e Unemployed Unemployment rate percent Labor force annual change, percent Labor force participation rate percent Male Female NATIONAL ACCOUNTS billion Hong Kong dollars; calendar year At Current Prices GDP by industrial origin j, k at current market prices 1,338 1,321 1,297 1,257 1,317 1,412 1,503 1,651 1,707 1,659 1,776 1,934 2,037 2,138 2,260 2,398 2,489 Agriculture, forestry, and fishing Mining and quarrying Manufacturing Electricity, gas, steam, and air-conditioning supply Water supply; sewerage, waste management, and remediation activities Construction Wholesale and retail trade; repair of motor vehicles and motorcycles f Accommodation and food service activities g Transportation and storage h Information and communication Financial and insurance activities Real estate activities Professional, scientific, and technical activities m Administrative and support service activities

2 2 Key Indicators for Asia and the Pacific 2017 Public administration and defense; compulsory social security n Education Human health and social work activities Arts, entertainment, and recreation Other service activities o Gross value added at basic prices 1,283 1,270 1,250 1,227 1,285 1,378 1,474 1,605 1,620 1,582 1,737 1,901 2,013 2,098 2,206 2,327 Taxes on production and imports p Statistical discrepancy Net primary income from abroad GNI 1,348 1,352 1,306 1,289 1,345 1,420 1,539 1,704 1,808 1,709 1,814 1,987 2,067 2,179 2,307 2,443 2,573 Structure of Output percent of GDP at current basic prices Agriculture l Industry q Services Expenditure on GDP k at current market prices 1,338 1,321 1,297 1,257 1,317 1,412 1,503 1,651 1,707 1,659 1,776 1,934 2,037 2,138 2,260 2,398 2,489 Final consumption expenditure ,001 1,121 1,174 1,166 1,248 1,393 1,500 1,612 1,717 1,824 1,894 Household final consumption ,026 1,014 1,090 1,224 1,315 1,413 1,503 1,593 1,646 NPISHs final consumption Government final consumption Gross capital formation Gross fixed capital formation Public Private Changes in inventories Acquisitions less disposals of valuables Exports of goods and services t 1,686 1,622 1,713 1,895 2,210 2,506 2,784 3,077 3,303 2,956 3,647 4,117 4,397 4,739 4,816 4,698 4,664 Exports of goods 1,440 1,379 1,452 1,631 1,892 2,137 2,361 2,574 2,758 2,454 3,021 3,407 3,633 3,926 3,987 3,889 3,900 Exports of services Less: Imports of goods and services t 1,627 1,560 1,608 1,780 2,095 2,333 2,616 2,901 3,129 2,825 3,543 4,043 4,374 4,726 4,811 4,641 4,614 Imports of goods 1,280 1,217 1,264 1,443 1,703 1,896 2,121 2,365 2,563 2,351 2,996 3,465 3,780 4,143 4,238 4,067 4,036 Imports of services Statistical discrepancy Structure of Demand percent of GDP at current market prices Household final consumption r Government final consumption Gross capital formation Changes in inventories s Exports of goods and services t Imports of goods and services t Statistical discrepancy At Chained Prices u GDP by industrial origin j, k at chained 2014 market prices 1,343 1,350 1,372 1,414 1,538 1,651 1,767 1,881 1,921 1,874 2,001 2,097 2,133 2,199 2,260 2,314 2,359 Agriculture, forestry, and fishing Mining and quarrying

3 Key Indicators for Asia and the Pacific Manufacturing Electricity, gas, steam, and air-conditioning supply Water supply; sewerage, waste management, and remediation activities Construction Wholesale and retail trade; repair of motor vehicles and motorcycles f Accommodation and food service activities g Transportation and storage h Information and communication Financial and insurance activities Real estate activities Professional, scientific, and technical activities m Administrative and support service activities Public administration and defense; compulsory social security n Education Human health and social work activities Arts, entertainment, and recreation Other service activities o Gross value added at basic prices Taxes on production and imports p Statistical discrepancy Net primary income from abroad GNI 1,511 1,550 1,572 1,612 1,679 1,751 1,868 2,022 2,089 1,993 2,066 2,164 2,160 2,247 2,307 2,394 2,481 Growth of Output annual change, percent GDP Agriculture l Industry q Services Expenditure on GDP at chained 2014 market prices 1,343 1,350 1,372 1,414 1,538 1,651 1,767 1,881 1,921 1,874 2,001 2,097 2,133 2,199 2,260 2,314 2,359 Final consumption expenditure 1,053 1,075 1,070 1,059 1,125 1,155 1,217 1,313 1,338 1,344 1,422 1,530 1,592 1,662 1,717 1,796 1,828 Household final consumption ,047 1,137 1,159 1,161 1,232 1,335 1,390 1,454 1,503 1,575 1,600 NPISHs final consumption Government final consumption Gross capital formation Gross fixed capital formation Public Private Changes in inventories Acquisitions less disposals of valuables Exports of goods and services t 1,959 1,939 2,105 2,381 2,764 3,100 3,416 3,697 3,828 3,478 4,090 4,286 4,424 4,769 4,816 4,750 4,792 Exports of goods 1,670 1,640 1,777 2,041 2,360 2,653 2,925 3,126 3,227 2,864 3,380 3,537 3,654 3,954 3,987 3,918 3,986 Exports of services Less: Imports of goods and services t 2,010 1,990 2,131 2,374 2,716 2,969 3,263 3,559 3,674 3,379 3,995 4,219 4,398 4,762 4,811 4,727 4,782 Imports of goods 1,577 1,554 1,687 1,948 2,244 2,449 2,680 2,944 3,054 2,841 3,406 3,633 3,799 4,176 4,238 4,124 4,168 Imports of services Statistical discrepancy

4 4 Key Indicators for Asia and the Pacific 2017 Growth of Demand annual change, percent Household final consumption r Government final consumption Gross capital formation Exports of goods and services t Imports of goods and services t Investment Financing at Current Prices Gross domestic capital formation Gross national saving Gross domestic saving Net primary income from abroad Net current transfers from abroad v Savings and Investment percent of GDP at current market prices Gross domestic saving Gross national saving Gross capital formation At Current Market Prices Hong Kong dollars Per capita GDP 200, , , , , , , , , , , , , , , , ,273 Per capita GNI 202, , , , , , , , , , , , , , , , ,738 PRODUCTION INDEXES period averages Agriculture = Manufacturing w = ENERGY annual values Coal thousand metric tons Production Exports Imports 6,060 8,034 8,721 10,690 10,692 10,825 11,404 12,261 11,345 12,332 10,324 12,529 12,351 12,974 13,789 11,184 11,161 Consumption 6,059 8,034 8,718 10,677 10,692 10,825 11,404 12,261 11,345 12,332 10,324 12,529 12,351 12,974 13,789 11,184 11,161 Electricity million kilowatt-hours Production 31,329 32,429 34,312 35,506 37,129 38,448 38,613 38,948 37,990 38,728 38,292 39,026 38,752 39,063 39,803 37,924 38,154 Exports 1,181 1,581 2,175 3,008 3,087 4,498 4,528 4,035 3,553 3,731 2,609 2,957 1,838 1,650 1,226 1,187 1,205 Imports 10,203 10,355 10,182 10,397 9,837 11,001 10,897 10,959 11,297 11,590 10,511 10,735 11,156 9,969 10,288 11,742 11,621 Consumption 36,299 37,261 38,087 38,454 39,223 40,048 40,334 40,853 40,929 41,491 41,863 42,064 43,031 42,556 43,880 43,912 44,028 Retail prices Hong Kong dollars/liter Gasoline, unleaded Diesel PRICE INDEXES period averages Consumer x October 2014 September 2015 = Food x

5 Key Indicators for Asia and the Pacific Nonfood y Producers w, z = Implicit GDP deflator 2014 = Price Indexes annual change, percent Consumer price index Food price index Nonfood price index Producer price index Implicit GDP deflator MONEY AND BANKING billion Hong Kong dollars; as of end of period Money supply (M1) aa ,017 1,127 1,377 1,511 1,709 1,971 2,214 Currency in circulation Demand deposits (excluding government deposits) ,095 1,197 1,379 1,622 1,824 Quasi-money aa 3,406 3,292 3,223 3,400 3,682 3,944 4,563 5,490 5,622 5,700 6,119 6,930 7,573 8,546 9,303 9,647 10,294 Money supply (M2) 3,649 3,550 3,518 3,813 4,167 4,379 5,054 6,106 6,268 6,602 7,136 8,058 8,950 10,056 11,011 11,618 12,508 Money Supply (M2) annual change, percent M2 percent of GDP at current market prices Deposit Money Banks Demand deposits ,095 1,197 1,379 1,622 1,824 Savings deposits ,278 1,432 1,144 1,359 1,629 1,945 2,699 2,913 2,905 3,392 3,696 3,965 4,495 4,939 Time deposits 2,643 2,359 2,147 1,961 2,071 2,607 3,025 3,751 3,606 2,951 3,132 3,784 3,789 4,259 4,695 4,603 4,926 Domestic credits outstanding 1,861 1,790 1,743 1,709 1,792 1,930 1,974 2,274 2,524 2,471 2,988 3,361 3,597 3,979 4,515 4,800 5,185 Interest Rates percent per annum; period averages On deposits Savings Time: 6 months months On loans and discounts Commercial bills GOVERNMENT FINANCE million Hong Kong dollars; fiscal year beginning 1 April Central Government ab Total revenue and grants 225, , , , , , , , , , , , , , , , ,521 Total revenue ac 225, , , , , , , , , , , , , , , , ,521 Current revenue 171, , , , , , , , , , , , , , , , ,243 Taxes 129, , , , , , , , , , , , , , , , ,744 Nontaxes 41,830 23,607 37,344 43,553 33,170 30,635 46,877 46,623 63,249 55,180 58,487 64,400 65,180 67,615 40,086 36,964 63,499 Capital receipts ad 53,740 24,154 24,153 32,727 50,193 42,487 53,594 82,151 35,077 55,582 76,681 98,302 97, ,054 84,734 68, ,278 Grants Total expenditure and net lending 232, , , , , , , , , , , , , , , , ,686 Total expenditure ae 232, , , , , , , , , , , , , , , , ,686 Current expenditure 186, , , , , , , , , , , , , , , , ,096

6 6 Key Indicators for Asia and the Pacific 2017 Capital expenditure 46,207 40,147 38,867 44,232 45,329 40,609 32,890 30,081 54,405 54,658 62,067 67,591 74,382 95,829 79,866 88, ,590 Net lending Current surplus/deficit -15,366-47,338-46,974-28,623-8,902 12,086 40,447 71,580 23,478 28,493 60,507 42,975 41,664 17,578 77,617 34,167 54,147 Capital account surplus/deficit 7,533-15,993-14,714-11,505 4,864 1,878 20,704 52,070-19, ,614 30,711 23,162 4,225 4,868-19,793 38,688 Overall budgetary surplus/deficit af -7,833-63,331-61,688-40,128-4,038 13,964 61, ,650 4,150 29,417 75,121 73,686 64,826 21,803 82,485 14,374 92,835 Government Finance percent of GDP at current market prices Total revenue Taxes Total expenditure Overall budgetary surplus/deficit Expenditure by Function, Central Government Total ag 275, , , , , , , , , , , , , , , , ,790 General public services 25,959 30,284 27,527 28,245 28,790 25,247 26,234 27,382 29,085 30,487 33,305 35,054 36,543 38,938 42,734 46,838 51,810 Defense ah Education 52,212 53,051 55,595 57,291 54,451 54,265 51,934 53,825 74,995 58,240 60,719 67,891 76,600 76,392 73,724 78,968 82,601 Health 32,720 34,182 33,169 34,201 32,199 31,616 32,127 33,623 36,706 38,387 39,890 45,297 59,572 67,602 57,508 70,424 66,207 Social security and welfare 27,727 29,616 31,820 33,333 33,285 33,262 33,540 34,868 39,248 40,418 40,519 43,346 45,894 55,352 58,091 64,893 68,405 Housing and community amenities 61,012 50,173 42,402 43,034 35,114 31,998 31,622 32,961 66,976 42,536 45,985 61,247 50,216 71,054 56,621 61,620 63,840 Economic services 49,237 44,803 48,880 52,631 53,813 50,352 44,289 41,850 55,961 67,282 67, ,285 97, ,715 96, , ,746 Agriculture ,282 1,797 1,485 1,264 1,268 1,437 2,424 1,694 1,867 2,119 2,282 Industry 2,714 3,261 3,349 4,094 3,953 3,270 2,247 2,390 2,646 2,976 2,926 2,923 3,371 3,707 4,054 4,026 3,634 Electricity, gas, and water 13,240 13,161 12,968 12,398 12,689 12,156 12,123 12,682 17,872 21,824 18,550 20,989 22,308 23,775 21,735 19,892 19,502 Transport and communications 15,825 7,714 9,059 10,711 13,270 11,871 9,811 8,869 8,866 22,744 22,160 28,121 34,100 45,455 45,257 51,460 58,719 Other economic services 16,728 19,796 22,732 24,631 23,058 22,155 18,826 16,112 25,092 18,475 22,671 47,815 35,214 38,084 23,609 24,680 40,609 Others 26,743 27,554 27,068 26,616 25,541 24,792 25,122 27,985 27,994 29,843 32,577 31,522 33,937 35,293 38,906 43,108 43,181 Expenditure by Function percent of GDP at current market prices Education Health Social security and welfare EXTERNAL TRADE billion Hong Kong dollars; calendar year Exports, fob 1,573 1,481 1,561 1,742 2,019 2,250 2,461 2,688 2,824 2,469 3,031 3,337 3,434 3,560 3,673 3,605 3,588 Imports, cif 1,658 1,568 1,619 1,806 2,111 2,329 2,600 2,868 3,025 2,692 3,365 3,765 3,912 4,061 4,219 4,046 4,008 Trade balance External Trade annual change, percent Exports Imports Direction of Trade million US dollars; calendar year Exports, total 202, , , , , , , , , , , , , , , , , China, People s Rep. of 69,744 70,095 78,744 95, , , , , , , , , , , , , , United States 47,084 42,413 42,878 41,780 43,964 46,505 47,874 47,316 46,290 36,897 42,821 42,646 43,799 42,786 44,150 44,282 41, Japan 11,195 11,250 10,745 12,088 13,813 15,258 15,495 15,343 15,556 14,066 16,484 17,378 18,576 17,451 16,988 15,899 15,055

7 Key Indicators for Asia and the Pacific India 1,297 1,202 1,444 1,906 2,097 2,805 2,958 4,467 6,705 6,751 9,587 12,032 9,952 10,745 12,148 13,121 15, Taipei,China 5,112 4,538 4,438 5,436 6,307 6,492 6,705 6,794 7,065 7,062 8,840 11,096 10,432 9,985 10,234 8,401 9, Germany 7,691 6,624 6,270 7,225 8,082 9,358 9,751 10,408 12,075 10,243 10,390 11,470 10,051 9,527 9,368 9,073 8, Viet Nam ,223 1,286 1,510 2,310 2,766 3,241 4,334 5,931 6,538 7,559 8,625 9,892 9, Singapore 4,717 3,793 4,053 4,589 5,596 5,986 6,226 6,471 7,116 5,453 6,578 7,227 7,222 7,561 7,731 7,553 7, Korea, Rep. of 3,827 3,329 3,905 4,570 5,661 6,205 6,672 6,790 6,372 5,567 6,919 7,873 7,606 8,283 8,050 7,033 6, United Kingdom 8,096 7,106 6,960 7,377 8,460 8,914 9,482 9,604 9,691 7,702 7,826 7,542 7,114 6,972 7,007 7,071 6,460 Imports, total 213, , , , , , , , , , , , , , , , , China, People s Rep. of 91,804 87,522 92, , , , , , , , , , , , , , , Japan 25,598 22,705 23,477 27,561 32,957 33,028 34,549 36,893 38,263 30,522 39,710 40,975 40,226 36,975 37,316 33,633 31, Taipei,China 15,975 13,885 14,922 16,134 19,806 21,671 25,002 26,324 24,693 22,682 28,952 30,965 31,595 33,784 38,808 35,418 37, Singapore 9,643 9,364 9,717 11,647 14,263 17,412 21,226 25,005 25,044 22,562 30,574 32,741 31,769 31,824 33,733 31,742 33, United States 14,499 13,486 11,822 12,784 14,500 15,444 16,047 17,953 19,541 18,550 23,323 27,405 26,696 28,547 28,414 27,305 26, Korea, Rep. of 10,391 9,130 9,771 11,238 12,927 13,272 15,424 15,338 15,176 13,310 17,215 19,278 19,811 20,496 22,675 22,222 25, Malaysia 4,865 5,044 5,098 5,741 6,684 7,353 7,775 8,060 8,502 8,783 10,913 11,439 10,791 11,308 13,182 12,131 11, India 2,760 2,296 2,499 3,182 3,778 4,593 4,743 6,132 7,477 6,794 9,258 11,138 10,574 11,276 12,418 10,752 11, Thailand 3,600 3,516 3,797 4,270 4,871 5,984 6,824 7,510 8,195 7,435 9,831 9,842 9,400 10,012 11,385 10,975 10, Switzerland 2,362 2,623 2,912 2,967 3,484 3,681 3,625 4,573 6,002 5,333 6,722 10,171 10,145 9,963 10,244 7,993 7,157 BALANCE OF PAYMENTS ai, aj, ak million US dollars; calendar year Current account balance 7,545 10,392 13,129 17,409 16,822 21,575 24,556 27,554 32,872 21,156 16,012 13,809 4,147 4,191 4,057 10,264 14,502 Balance on goods 20,485 20,782 24,176 24,215 24,228 31,068 30,858 26,861 25,029 13,288 3,292-7,482-18,912-27,921-32,359-22,870-17,519 Exports 184, , , , , , , , , , , , , , , , ,512 Imports 164, , , , , , , , , , , , , , , , ,031 Balance on services -12,919-12,836-10,607-9,529-9,498-8,873-9,264-4,266-2,703 3,562 10,143 17,045 21,886 29,580 32,958 30,263 23,970 Credit 31,578 31,179 33,511 33,864 40,783 47,381 54,442 64,453 69,905 64,670 80,540 91,306 98, , , ,356 98,433 Debit 44,497 44,016 44,119 43,393 50,281 56,254 63,705 68,719 72,608 61,108 70,398 74,261 76,617 75,197 73,965 74,093 74,463 Balance on primary income al 1,380 3,905 1,076 4,136 3, ,571 6,766 12,910 6,419 4,840 6,788 3,796 5,224 6,010 5,725 10,838 Credit 54,817 48,352 41,911 43,715 52,674 65,628 84, , , , , , , , , , ,873 Debit 53,437 44,447 40,835 39,580 49,082 64,679 80, , ,898 95, , , , , , , ,034 Balance on secondary income am -1,402-1,459-1,516-1,413-1,500-1,569-1,609-1,807-2,364-2,114-2,263-2,542-2,622-2,692-2,552-2,854-2,788 Credit ,043 1,135 1,245 1,328 Debit 1,940 2,064 2,293 1,942 2,125 2,512 2,569 2,745 2,975 2,583 2,835 3,424 3,527 3,734 3,687 4,099 4,116 Capital account Credit Debit Financial account -4,970 4,079 17,340 18,234 19,299 21,142 18,550 25,046 3,711-60,762 3,251 3,130-15,817 3,459-8,516-19,813 14,648 Direct investment ,006 9,501-5,768 14,478-7,047 2,675 5,777-9,957 3,667 15, ,236 6,472 11, ,534-45,694 Portfolio investment -24,473 41,302 38,799 33,982 38,905 31,040 26,180 1,383 36,345 40,008 56,968 1,393 4,099 49,785 8, ,254 41,990 Financial derivatives ,083-6,612-10,048-5,693-3,921-3,338-5,574-8,126-3,169-2,403-2,684-1,960-7,048-15,263-12,793-3,683 Other investment 20,219-21,134-24, ,391 1,070-6,968 23,460-14, ,269-67,035 4,651-31,192-45,750-12,592-29,739 22,036 Net errors and omissions 324-2,394 3, ,257-2,131 3,801 5, ,512-4, ,581 6,940 5,462 6,332 1,334 Overall balance 12,849 3,864-1, ,707-1,773 9,709 8,247 28,766 79,017 7,616 11,153 24,360 7,464 17,939 36,381 1,141 Reserves and related items an -12,849-3,864 1, ,707 1,773-9,709-8,247-28,766-79,017-7,616-11,153-24,360-7,464-17,939-36,381-1,141 International investment position ao 220, , , , , , , , , , , , , , ,191 1,003,128 1,180,677

8 8 Key Indicators for Asia and the Pacific 2017 Balance of Payments percent of GDP at current market prices Exports Imports Balance on goods Current account balance Overall balance INTERNATIONAL RESERVES million US dollars; as of end of period Total 107, , , , , , , , , , , , , , , , ,241 Gold, national valuation Foreign exchange 107, , , , , , , , , , , , , , , , ,094 Reserve position in the IMF SDRs EXCHANGE RATES Hong Kong dollars per US dollar End of period Average of period EXTERNAL INDEBTEDNESS ap billion US dollars; as of end of year Total debt outstanding and disbursed , , , , ,330.1 Long-term debt aq Public and publicly guaranteed Private nonguaranteed Short-term debt Use of IMF credit External debt percent of GDP Total long-term debt percent of total debt Short-term debt percent of total debt Debt service percent of exports of goods and services = data not available at cutoff date; = marks break in series; = magnitude equals zero; 0 or 0.0 = magnitude is less than half of unit employed; BOP = balance of payments; BPM6 = Balance of Payments and International Investment Position Manual, sixth edition; cif = cost, insurance, and freight; CPI = consumer price index; CSD = Census and Statistics Department; fob = free on board; GDP = gross domestic product; GNI = gross national income; IMF = International Monetary Fund; NPISHs = nonprofit institutions serving households; SDRs = special drawing rights; US = United States. a Data refer to resident population. b Figures for have been revised to take into account the results of the 2016 Population By-Census conducted from June to August 2016, which provided a benchmark for revising the population figures compiled since the 2011 Population Census. c Excludes marine population and area of reservoirs. Figures refer to end-june of the year. d Figures less than million are shown as e Data include electricity and gas supply; water supply; sewerage, waste management, and remediation activities; public administration; and social and personal services. f Refers to import/export trade and wholesale. g Refers to retail, accommodation, and food services. Accommodation services cover hotels, guesthouses, boardinghouses, and other establishments providing short-term accommodation. The retail, accommodation, and food services industries as a whole is generally referred to as the consumption- and tourism-related segment. h Data include activity for postal and courier services. i Data include professional and business services. j GDP by economic activities is compiled based on Hong Kong Standard Industrial Classification Version 2.0 and worked back to k In, the overall GDP level compiled using the expenditure approach is adopted as the single measure of GDP. The sum of value added of respective economic activities at current basic prices plus taxes on products plus statistical discrepancy is equal to GDP by expenditure component at current market prices. l Refers to agriculture, fishing, mining, and quarrying.

9 Key Indicators for Asia and the Pacific m Refers to professional and business services. n Data include social and personal services. o Refers to ownership of premises. p Refers to taxes on products. q Refers to manufacturing; electricity, gas, steam, and air-conditioning supply; water supply; sewerage, waste management, and remediation activities; and construction. r Data include final consumption of NPISHs. s Data include acquisitions less disposals of valuables. t Trade in goods and services statistics presented are compiled based on the recommendations made in the System of National Accounts 2008 except the one on adopting the change of ownership principle in recording goods sent abroad for processing and merchanting. u GDP and real gross national income in chained (2014) dollars compiled using the annually reweighted chain linking approach have been rereferenced from 2013 to Component and aggregate data series are estimated separately using component and aggregate indexes, thereby losing additivity. v Refers to balance on secondary income. w Starting from the reference year 2009, the index of industrial production and producer price index for manufacturing industries are compiled based on Hong Kong Standard Industrial Classification Version 2.0, which adopts the basic framework and principles of the International Standard Industrial Classification of All Economic Activities Revision 4. x The average monthly household expenditure (in Hong Kong dollars) of CPI was HK$5,500 HK$89,999 with the base period of October 2014 September The CPIs from October 2014 onward are compiled based on expenditure weights obtained from the 2014/15 Household Expenditure Survey. The CPIs for earlier periods were compiled based on old weights and have been rescaled to the new base period for linking with the new index series. In deriving the year-on-year rates of change, indices of more than one decimal place are used in the calculation. The year-on-year rates of change before October 2015 were derived using the index series in the base periods at that time (for instance the 2009/10-based index series), compared with the index a year earlier in the same base period. y Nonfood CPI was derived from the general CPI, with an assigned weight of for food CPI. z Refers to manufacturing industries. aa Includes short-term exchange fund placements in the monetary aggregate. ab Refers to General Revenue Account and Funds, excluding transfers between them. ac Total revenue is the sum of operating revenue and capital revenue, which excludes net proceeds from issuance of bonds and notes. ad Excludes net proceeds from issuance of bonds and notes based on the currency in which the debt instruments are denominated. ae Total spending is the sum of operating expenditure and capital spending, which excludes repayment of bonds and notes. af Includes the consolidated account (i.e., General Revenue Account and Fund Accounts) before repayment of bonds and notes. Figures exclude nonbudgetary surplus/deficit; hence, the item refers to the overall budgetary surplus/deficit. Data for grants and net lending are not available. ag Refers to public expenditure by policy area group. Public expenditure comprises government expenditure plus expenditure (operating and capital) by the Trading Funds and the Housing Authority. Expenditure figures for 2016/2017 and before have been aligned to conform with the definitions and policy area group classifications adopted in the 2017/2018 estimate. ah Defense is not applicable after the establishment of the Hong Kong Special Administrative Region on 1 July ai In the BOP compilation framework of, the entire data series has been revised since September 2012 following the completion of a technical exercise by CSD to incorporate the latest international statistical standards in BPM6. aj In accordance with the accounting rules adopted in BPM6, a positive value for the balance figure in the current and capital account represents a surplus whereas a negative value represents a deficit. In the financial nonreserve assets, increases in net financial assets and net financial liabilities are shown with positive signs, and net transactions are computed by subtracting the liabilities from the assets. Thus, a positive value in the net transactions represents a net lending, while a negative value represents a net borrowing. For the overall BOP balance, a positive value represents a surplus whereas a negative value represents a deficit. ak Figures are the sum of quarterly figures converted from Hong Kong dollars to US dollars using the average of period exchange rates from the IMF. al Following the recommendation in BPM6, the term primary income has been adopted to replace the former term income. am Following the recommendation in BPM6, the term secondary income has been adopted to replace the former term current transfers. an For purposes of analysis, a positive value in reserves and related items represents a net decrease while a negative value represents a net increase. ao Figures were converted from Hong Kong dollars to US dollars using the end of period exchange rates from the IMF. ap The entire data series of external debt has been revised following the completion of a technical revision exercise by the Census and Statistics Department in September 2012 to incorporate the latest international statistical standards as stipulated in BPM6. The series was revised back to aq From 2002 onward, data include debt liabilities under direct investment relationships. Sources: Population Labor Force National Accounts Production Indexes

10 10 Key Indicators for Asia and the Pacific 2017 Energy Price Indexes Nonfood Price Index Money and Banking Government Finance External Trade Asian Development Bank estimates. Hong Kong Monetary Authority. Official communication, 28 April 2017; Monthly Statistical Bulletin, April 2004; past communication. Direction of Trade IMF. Direction of Trade Statistics. (accessed 26 May 2017). Balance of Payments CSD. Official communication, 28 April International Reserves IMF. International Financial Statistics. (accessed 2 June 2017). Exchange Rates External Indebtedness For : Organisation for Economic Co-operation and Development. Statistical Compendium 2005/2 (CD-ROM). For :