Table 3
(Chapter 3: The Economy)
Balance of Payments Account
APPENDICES
HK$ Million
2001@
2002@
Current Account Balance
95,795
136,348
Balance on goods
Balance on services
Net income flow
--64.970
-40,019
133,468
163,419
41,174
27,423
Net flow in current transfers
-13.878
-14,475
Capital and Financial Account Balance
-97,359
-191,417
Net flow in capital transfers
-9,155
-15,725
Net change() in financial non-reserve assets
-51.674
-194,233
Direct investment
96.948
-31,007
Portfolio investment
-322,045
-290,749
Financial derivatives
39,640
10.616
Other investment
133.783
116.906
Net change() in reserve assets
-36,530
18,541
Net Errors and Omissions(2)
1,565
55,069
Overall Balance of Payments
36,530
-18,541
(in surplus)
(in deficit)
Notes: In accordance with the Balance of Payments accounting rules, a 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.
In line with the latest major revision of GDP data series, figures presented in this table have been revised and hence may be different from those presented in earlier editions.
(1) The estimates on net change in reserve and non-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.
(2) In 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.
Source: Balance of Payments Branch (1), Census and Statistics Department.
(Enquiry Telephone No.: 2116 8677)
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