23-13 Hong Kong's Balance of Payments Account |
|  |  | (HKD 100 million) |
Standard Components① | 1998 | 1999 | 2000@ | 2001@ |
Current Account② | 342.83 | 934.47 | 709.60 | 915.25 |
Goods | -606.67 | -245.01 | -638.32 | -649.70 |
Services | 785.52 | 951.15 | 1260.37 | 1334.68 |
Income | 287.62 | 347.77 | 217.68 | 361.37 |
Current Transfers | -123.64 | -119.43 | -130.13 | -131.10 |
Capital and Financial Account② | -315.14 | -833.74 | -578.63 | -857.17 |
Capital Transfers | -184.45 | -138.12 | -120.44 | -90.59 |
Direct Investment | -171.92 | 405.11 | 199.76 | 1080.68 |
Portfolio Investment | 1710.52 | 2568.12 | 1907.82 | -3093.17 |
Financial Derivatives | 255.50 | 792.25 | 16.61 | 391.08 |
Other Investment | -2450.59 | -3682.43 | -1799.17 | 1220.13 |
Reserve Assets (Net Change)③ | 525.81 | -778.67 | -783.21 | -365.30 |
Net Errors and Omissions④ | -27.70 | -100.74 | -130.97 | -58.08 |
Overall Balance of Payments | -525.81 | 778.67 | 783.21 | 365.30 |
| (in deficit) | (in surplus) | (in surplus) | (in surplus) |
Notes: In line with the latest major revision of GDP data series, relevant BoP figures for 1998 to 2001 have been revised.
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 many 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. |
@Figures are subject to revision later on as more data become available. |