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(Chapter 3: The Economy)
| (a) Gross
Domestic Product (GDP) |
 |
| |
1998 |
 |
2002 |
@ |
2003 |
@ |
|
| |
|
|
|
|
|
|
| GDP (HK$ billion) |
|
|
|
|
|
|
|
At current market prices |
1,279.9 |
|
1,259.8 |
|
1,234.9 |
|
| |
At constant (2000)
market prices |
1,130.8 |
|
1,323.7 |
|
1,367.6 |
|
| Per capita
GDP (HK$) |
|
|
|
|
|
|
| |
At current market prices |
195,585 |
|
185,615 |
|
181,527
|
|
| |
At constant (2000)
market prices |
172,813 |
|
195,027 |
|
201,027 |
|
| (b) GDP by
Expenditure Component |
|
| |
1998 |
|
2002 |
@ |
2003 |
@ |
|
| |
|
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| Ratio of expenditure
components to GDP at current market prices (%) |
|
|
|
|
|
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|
Private consumption
expenditure(1) |
61.5 |
|
57.8 |
|
57.1 |
|
| |
Government consumption
expenditure |
9.1 |
|
10.4 |
|
10.5 |
|
| |
Gross domestic fixed
capital formation |
30.4 |
|
23.2 |
|
22.3 |
|
| |
Changes in inventories |
-1.2 |
|
0.2 |
|
0.6 |
|
| |
Exports of goods (f.o.b.) |
105.3 |
|
124.0 |
|
141.6 |
|
| |
Exports of services(1) |
20.1 |
|
26.8 |
|
28.4 |
|
| |
| Less: |
Imports of goods (f.o.b.) |
|
110.0 |
|
127.1 |
|
145.3 |
|
| |
|
15.1 |
|
15.4 |
|
15.3 |
|
| |
GDP |
100.0 |
|
100.0 |
|
100.0 |
|
| Year-on-year rates
of change of GDP and expenditure components (%) |
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|
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In nominal terms |
|
|
|
|
|
|
| |
|
GDP |
-4.8 |
|
-0.8 |
|
-2.0 |
|
| |
|
Private consumption
expenditure(1) |
-4.6 |
|
-4.8 |
|
-3.1 |
|
| |
|
Government consumption
expenditure |
+3.4 |
|
+1.8 |
|
-0.9 |
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| |
|
Gross domestic fixed
capital formation |
-14.0 |
|
-12.1 |
|
-6.0 |
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| |
|
Exports of goods (f.o.b.) |
-7.4 |
|
+5.5 |
|
+12.0 |
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| |
|
Exports of services(1) |
-5.6 |
|
+9.8 |
|
+3.7 |
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| |
|
Imports of goods (f.o.b.) |
-11.4 |
|
+3.4 |
|
+12.0 |
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| |
|
Imports of services |
-1.4 |
|
+0.5 |
|
-2.2 |
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In real terms |
|
|
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|
GDP |
-5.0 |
|
+2.3 |
|
+3.3 |
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| |
|
Private consumption
expenditure(1) |
-6.8 |
|
-1.2 |
|
 |
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Government consumption
expenditure |
+0.7 |
|
+2.4 |
|
+1.9 |
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|
Gross domestic fixed
capital formation |
-7.3 |
|
-4.3 |
|
-0.1 |
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| |
|
Exports of goods (f.o.b.) |
-4.3 |
|
+8.7 |
|
+14.2 |
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| |
|
Exports of services(1) |
-0.4 |
|
+12.2 |
|
+5.5 |
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|
Imports of goods (f.o.b.) |
-7.3 |
|
+7.9 |
|
+13.1 |
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Imports of services |
+1.6 |
|
+0.2 |
|
-4.4 |
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| (c) GDP
by Economic Activity at Current Prices |
|
| |
1998 |
|
2001 |
|
2002 |
@ |
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| Percentage contribution
of economic activities to GDP at current factor cost (%) |
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Agriculture and fishing |
0.1 |
|
0.1 |
|
0.1 |
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Mining and quarrying |
§ |
|
§ |
|
§ |
|
| |
Manufacturing |
6.0 |
|
5.2 |
|
4.5 |
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Electricity, gas and
water |
3.0 |
|
3.3 |
|
3.4 |
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Construction |
5.9 |
|
4.9 |
|
4.4 |
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Services |
84.9 |
|
86.5 |
|
87.5 |
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Wholesale, retail and import/export
trades, restaurants and hotels |
25.0 |
|
26.7 |
|
26.9 |
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Transport, storage and communications |
9.2 |
|
10.2 |
|
10.6 |
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Financing, insurance, real estate
and business services |
24.6 |
|
22.5 |
|
22.2 |
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Community, social and personal
services |
19.3 |
|
21.8 |
|
22.2 |
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Ownership of premises |
14.2 |
|
13.1 |
|
13.2 |
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| |
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| Less: |
Adjustment for financial intermediation
services indirectly measured |
|
7.4 |
|
7.9 |
|
7.7 |
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Total |
100.0 |
|
100.0 |
|
100.0 |
|
| |
|
 |
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| |
GDP at factor cost
(HK$ billion) |
1,205.3 |
|
1,215.4 |
|
1,205.9 |
|
| (d) GDP
by Economic Activity at Constant (2000) Prices |
|
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|
2002 |
@ |
2003 |
@ |
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| |
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| Year-on-year rates
of change in real terms of value added |
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of major economic
activities (%)
|
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Manufacturing |
|
|
-9.8 |
|
-10.2 |
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Construction |
|
|
-0.8 |
|
-4.3 |
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Services |
|
|
+3.5 |
|
+3.7 |
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of which:
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Wholesale, retail and
import/export trades, restaurants and hotels |
|
+4.4 |
|
+9.5 |
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Transport, storage
and communications |
|
+6.2 |
|
-0.2 |
|
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Financing, insurance,
real estate and business services |
|
+1.7 |
|
+3.6 |
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Community, social and
personal services |
|
+0.6 |
|
-1.0 |
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Notes: |
|
(1) |
Figures have been revised to incorporate
the new data on destination consumption expenditure of incoming
visitors and travellers released by the Hong Kong Tourism
Board in November 2003. For details, please refer to the feature
article 'Statistics on Inbound Tourism' in the December 2003
issue of the Hong Kong Monthly Digest of Statistics.
|
Change within ±0.05% |
|
§ |
Less than 0.05% |
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Source: |
National Income Branches (1) and (2), Census and
Statistics Department.
(Enquiry Telephone No.: 2582 5077) |
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