- 3-
earlier.
Imports rose by 14.7% in real terms in the third quarter of 1994 over a year
On exports of services, the growth rate in real terms rose to 7.7% in the third quarter of 1994 over the same quarter in 1993.
Underlying this growth was a significant increase in the various services closely related to visible trade. The corresponding growth rate for imports of services was 7.4%.
The implicit price deflator of GDP, as a broad measure of overall inflation in the economy, rose by 6.4% in the third quarter of 1994 over the same quarter in 1993.
According to the revised (February 95) estimates, the year-on-year growth rates in real terms of GDP for the first and second quarters of 1994 are revised slightly, to 5.6% and 5.3% respectively.
Based on the latest estimates, GDP grew by 5.4% in real terms in the first three quarters of 1994 over the same period in 1993.
The latest GDP figures for the period from the first quarter of 1992 to the third quarter of 1994 are presented in Tables 1 and 2.
The latest quarterly estimates of GDP for the same period are published in a report entitled "Quarterly Estimates of Gross Domestic Product, 3rd Quarter 1994".
This bilingual report is now on sale at $6.5 a copy at the Government Publications Centre, Queensway Government Offices, Low Block, ground floor, 66 Queensway, Hong Kong, and at the Publications Section of the Census and Statistics Department, 19th floor, Wanchai Tower, 12 Harbour Road, Wan Chai, Hong Kong.
Telephone enquiries may be directed to the National Income Branch (1) of the Census and Statistics Department on telephone 2582 5077.