|
3
I
FRIDAY, NOVEMBER 6, 1992
THE GROWTH RATE OF OVERALL GDP FOR THE SECOND QUARTER OF 1992 WAS COMPARATIVELY LOWER THAN THE GROWTH RATES RECORDED FOR THE VARIOUS FINAL DEMAND COMPONENTS, INCLUDING PRIVATE CONSUMPTION EXPENDITURE, GROSS DOMESTIC FIXED CAPITAL FORMATION AND TOTAL EXPORTS OF GOODS SERVICES.
AND
THIS IS BECAUSE THE INCREASES FOR THE VARIOUS FINAL DEMAND COMPONENTS WERE SUPPORTED TO A CONSIDERABLE EXTENT BY A LARGE INCREASE IN IMPORTS, APART FROM THE INCREASE IN LOCAL PRODUCTION.
GDP REFLECTS HOW MUCH THE LOCAL ECONOMY HAS PRODUCED AND IS ACTUALLY THE SUM OF ALL FINAL DEMAND COMPONENTS NET OF THEIR CORRESPONDING IMPORT CONTENTS.
ALSO RELEASED TODAY ARE THE REVISED GDP ESTIMATES FOR THE FIRST QUARTER OF 1992. HAVING INCORPORATED LATEST DATA AVAILABLE FROM VARIOUS SOURCES, THE REVISED (NOVEMBER 92) ESTIMATES SHOW THAT THE GROWTH RATE OF GDP IN REAL TERMS FOR THE FIRST QUARTER OF 1992 REMAINED AT 4.7%.
BASED ON THE LATEST GDP ESTIMATES FOR THE FIRST AND SECOND QUARTERS OF 1992, THE GDP GREW BY 4.7% IN REAL TERMS IN THE FIRST HALF OF 1992 OVER THE SAME PERIOD LAST YEAR,
THE LATEST ESTIMATES OF QUARTERLY GDP FROM THE FIRST QUARTER OF 1990 TO THE SECOND QUARTER OF 1992 ARE PUBLISHED IN A REPORT ENTITLED "QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT, 2ND QUARTER 1992".
THE REPORT IS NOW ON SALE AT $2 A COPY AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, HONG KONG; AND AT THE PUBLICATION SALES COUNTER OF THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER I, 12 HARBOUR ROAD,
WAN CHAI.
ENQUIRIES MAY BE DIRECTED TO THE NATIONAL INCOME BRANCH OF CENSUS AND STATISTICS DEPARTMENT BY CALLING 582 5077.
THE
/EXPENDITURE-BASED