- 8
MONDAY, AUGUST 9, 1993
AS
WAS 15.2%. 8.9%.
REGARDS EXPORTS OF SERVICES, THE GROWTH RATE IN REAL TERMS THE CORRESPONDING GROWTH RATE FOR IMPORTS OF SERVICES WAS
THE IMPLICIT PRICE DEFLATOR OF GDP, AS A BROAD MEASURE OF OVERALL INFLATION IN THE ECONOMY, ROSE BY 9.5% IN THE FIRST QUARTER OF 1993 OVER THE SAME QUARTER IN 1992, FOLLOWING AN INCREASE OF 10.2% IN THE FOURTH QUARTER OF 1992.
ALONG WITH THE RELEASE OF THE PRELIMINARY GDP ESTIMATE FOR THE FIRST QUARTER OP
1993, GDP ESTIMATES FOR 1991 AND 1992 HAVE BREN REVISED, TAKING INTO ACCOUNT LATEST DATA SOURCES, INCLUDING MAINLY THE RESULTS OF THE 1991 ANNUAL ECONOMIC SURVEYS AND THE 1992 SURVEY OF RE- EXPORT TRADE.
GENERALLY SPEAKING, THE EXTENT OF REVISION IS RELATIVELY MINOR. THE REAL GROWTH RATE OF GDP FOR 1991 IS SLIGHTLY REVISED DOWNWARDS FROM 4.2% TO 4.1%, THAT FOR 1992 IS REVISED UPWARDS FROM 5.0% TO 5.3%.
FOR THE PRODUCTION-BASED GDP, THE REVISED (AUG 93) ESTIMATE FOR 1991 SHOWS THAT, AMONG THE VARIOUS ECONOMIC ACTIVITIES, WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES, RESTAURANTS AND HOTELS ACCOUNTED FOR THE LARGEST SHARE (25.4%) OF GDP, FOLLOWED BY FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES (22.7%), COMMUNITY, SOCIAL AND PERSONAL SERVICES (15.7%) AND MANUFACTURING INDUSTRIES (15.2%).
THE LATEST ESTIMATES OF EXPENDITURE-BASED GDP FROM THE FIRST QUARTER OF 1991 TO THE FIRST QUARTER OF 1993 ARE PUBLISHED IN A REPORT ENTITLED "QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT, 1ST QUARTER 1993"
THE REVISED (
(AUGUST 93) PRODUCTION-BASED GDP ESTIMATES FOR 1991 ARE ALSO INCLUDED IN THE PUBLICATION.
THE REPORT IS NOW ON SALE AT $4.5 A COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, HONG KONG; AND AT THE PUBLICATIONS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER, HARBOUR ROAD, WAN CHAI.
12
ENQUIRIES MAY BE DIRECTED TO THE NATIONAL INCOME BRANCH OF CENSUS AND STATISTICS DEPARTMENT BY DIALLING 582 5077.
THE
IN
THE LATEST EXPENDITURE-BASED GDP FIGURES ARE PRESENTED TABLES 1 AND 2. THE REVISED PRODUCTION-BASED GDP FIGURES FOR 1991 ARE PRESENTED IN TABLE 3.
/TABLE 1