XN000022-1995-12-06 — Page 36

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Differences between GNP and GDP in HK's economy

Following is a question by Dr the Hon Law Cheung-kwok and a written reply by the Secretary for Financial Services, Mr Rafael Hui, in the Legislative Council today (Wednesday):

Question:

Regarding the collection of statistical data in recent years to compile the territory's Gross national Product (GNP) figures, will the Government inform the Council of the following:

(a) when will the GNP figures be released; and

(b) what are the major differences between the GNP and the Gross Domestic

Product (GDP) in the present structure of the territory's economy?

Reply:

(a) Based on the latest results of the first round of the annual Survey of External Factor Income Flows, preliminary estimates of GNP, in respect of reference year 1993, are now available. They were released on 13 November 1995 white the final GNP estimates will be released in March 1996.

The timetable for releasing GNP estimates is as follows:

GNP Release Date

Reference year

Preliminary Estimates

Final Estimates*

1993

Nov 1995

Mar 1996

1994

Aug/Sep 1996

Mar 1997

1995

May/June 1997

Mar 1998

1996**

Mar 1999

Mar 1998

Note: (*) To be released at the same time as the final estimates of GDP