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5)
GDP REFLECTS HOW MUCH THE LOCAL ECONOMY HAS PRODUCED AND IS ACTUALLY THE SUM OF ALL
ALL FINAL DEMAND COMPONENTS NET' OF THEIR CORRESPONDING IMPORT CONTENTS.
THE
ESTIMATES OF INDIVIDUAL EXPENDITURE COMPONENTS OF GDP FOR THIRD QUARTER OF 1991 WERE UPDATED BASED ON THE LATEST DATA AVAILABLE FROM VARIOUS SOURCES.
THE REVISED OVERALL GROWTH RATE FOR THE QUARTER WAS 3.5%, SLIGHTLY LOWER THAN THE PRELIMINARY ESTIMATE OF 3.6% RELEASED IN MARCH 1992.
THE IMPLICIT PRICE DEFLATOR OF GDP, AS A BROAD MEASURE OF OVERALL INFLATION IN THE ECONOMY, ROSE BY 10.3% IN THE FOURTH QUARTER OF 1991 OVER THE SAME QUARTER OF 1990.
FOR 1991 AS A WHOLE, THE IMPLICIT PRICE DEFLATOR OF GDP INCREASED BY 9.8% OVER 1990.
THE LATEST ESTIMATES OF QUARTERLY GDP FROM THE FIRST QUARTER OF 1990 TO THE FOURTH QUARTER OF 1991 ARE PUBLISHED IN A REPORT ENTITLED "QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT, 4TH QUARTER 1991".
THE REPORT IS NOW ON SALE AT $2 PER COPY AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, THE CONNAUGHT PLACE, CENTRAL; AND AT THE PUBLICATION SALES COUNTER OF CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI.
ENQUIRIES MAY BE DIRECTED TO THE NATIONAL INCOME BRANCH OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL 582 5077.
NOTE TO EDITORS:
TWO TABLES WILL BE FAXED. FIGURES ON THE GDP ESTIMATES FOR THIRD AND FOURTH QUARTERS OF 1991 ARE PRESENTED IN TABLE 1. ANNUAL GDP ESTIMATES FOR 1991 ARE PRESENTED IN TABLE 2.
THE
REVISED
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