11.
Regarding external trade in goods, total exports grew by 11.3% in real terms in the fourth quarter of 1994 over a year earlier. Within these, re-exports continued to provide the main impetus to growth, and registered a year-on-year growth rate of 13.8% in real terms. Domestic exports also recovered to show an increase of 1.8% in real terms. Imports rose by 17.1% in real terms in the fourth quarter of 1994 over a year earlier.
On exports of services, the growth rate in real terms was 8.2% in the fourth quarter of 1994 over the same quarter in 1993. The corresponding growth rate for imports of services was 9.0%.
The implicit price deflator of GDP, as a broad measure of overall inflation in the economy, rose by 6.9% in the fourth quarter of 1994 over the same quarter in 1993. For the year as a whole, it rose by an average of 7.7%.
Summaries of the latest GDP figures for the period from the first quarter of 1993 to the fourth quarter of 1994 are presented in Tables 1 and 2.
More detailed quarterly estimates of GDP are published in a report entitled "Quarterly Estimates of Gross Domestic Product, 4th Quarter 1994".
This bilingual report is now on sale at $6.5 per 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 2582 5077.