10
—
GROWTH RATE IN REAL TERMS OF :
PRIVATE CONSUMPTION EXPENDITURE GOVERNMENT CONSUMPTION EXPENDITURE GROSS DOMESTIC FIXED CAPITAL FORMATION
TRANSFER COSTS OF LAND AND BUILDINGS BUILDING AND CONSTRUCTION
PRIVATE PUBLIC
REAL ESTATE DEVELOPERS' MARGIN
PLANT, MACHINERY AND EQUIPMENT
PRIVATE
FRIDAY, NOVEMBER 22, 1991
FORECAST
FOR 1991 AS RELEASED ON 23.8.1991
(%)
CURRENT UPDATE
RELEASED ON 22.11.1991
(%)
5
6
7.4
8.5
14
30
5.3
2.8
5.5
3.5
5
1.5
6
4.5
9.3
12.9
9
12.5
20
30
12.4
15.8
PUBLIC
TOTAL EXPORTS OF GOODS
DOMESTIC EXPORTS
RE-EXPORTS
IMPORTS OF GOODS
14.6
1.5
19
0.5 25 18.5
EXPORTS OF SERVICES
6
7
IMPORTS OF SERVICES
8
8
GROSS DOMESTIC PRODUCT (GDP) PER CAPITA GDP
4
4
2.9
3.1
GROWTH RATE IN MONEY TERMS OF :
GDP
13.4
13.4
PER CAPITA GDP #
12.1
12.4
RATE OF INCREASE IN :
GDP DEFLATOR
DOMESTIC DEMAND DEFLATOR CONSUMER PRICE INDEX (A)
9
9.3 12
9
8.8
12
# THE POPULATION FIGURE USED FOR COMPUTING PER CAPITA GDP HAS
BEEN REVISED ON THE BASIS OF THE 1991 POPULATION CENSUS RESULTS.
IN THE EXTERNAL SECTOR, THE STRENGTHENING OF THE HONG KONG DOLLAR ALONG WITH THE U.S. DOLLAR EARLIER IN THE YEAR IS STILL AFFECTING THE PRICE COMPETITIVENESS OF HONG KONG'S PRODUCTS IN SOME OF THE MAJOR MARKETS, NOTABLY EUROPE AND JAPAN.
MOREOVER, THE PERFORMANCE OF DOMESTIC EXPORTS TO THE UNITED STATES IS STILL WEAK. THE CONTINUED GROWTH OF DOMESTIC EXPORTS TO THE ASIA-PACIFIC REGION WILL PROBABLY PROVIDE ONLY A PARTIAL OFFSET TO THE SETBACK ELSEWHERE.
/THE DOMESTIC