* Paper I
(P.2 of 2)
Core Programme gathers momentum, there may be some renewed pressure on resources in the latter part of the year.
The forecast inflation rate for 1992 is 9.5% and actual growth the increase in 1991 was 12%.
Over the medium term (1993 1996), the trend growth rate of GDP in real terms is projected to be 5% per annum, and the trend inflation rate, in terms of GDP deflator, 8.5% per annum.
:
Key Sectors
Share in GDP :
Manufacturing
Wholesale, retail, import and export
Transport, communications, financing
and insurance
Community, social and personal
services
Total exports of goods
17%
24%
30%
15%
$899 billion (1992
forecast) or 123%
of CDP
Total imports of goods.
$921 billion (1992) forecast) or 126%
of GDP.
(Note: All figures are in HKS. Under the linked exchange
rate system operated in Hong Kong, US$1 HK$7.8)
Economic Services Branch
Government Secretariat
12 October 1992