G.F. 323
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機密
14.
Visible trade balance and terms of trade
30.
The visible trade deficit which was less in 1975 than in
1974 narrowed further in 1976. The terms of trade which had been
deteriorating since 1973, started to improve in the second quarter of
1975. The terms of trade index (that is the ratio of the export unit
value index to the import unit value index) was 102 (1973 = 100) in
the third quarter of 1976. In Cctober and November 1976, it was
respectively at 101 and 100. This slight deterioration was expected
as world demand for raw materials increased and the demand for exports
levelled off from the rapid groth experienced in the second half of
1975 and the first half of 1975.
Tables 15 and 167
Tourism
31.
real terms.
In 1976, a total of about 1.5 million tourists visited Hong
Kong. This was the highest yearly figure ever recorded and represented
an increase of 15% over 1975. Total expenditure of tourists in Hong
Kong in 1976 is estimated to be about HK$3,200 million, an increase of
26% over 1975. Tourists, however, are now spending less per head in
Between 1961 and 1976, the number of tourists visiting
Hong Kong increased at an average annual rate of 14%; total tourist
expenditure in real terms, on the other hand, increased at an average
annual rate of 8%. Each tourist in 1961 spent on average about HK$2,300
(in 1965 prices); but spent only about HK$1,100 in 1976 (also in 1966
prices). In 1976, Hong Kong residents made about 1.7 million trips
to Macau, 836,000 trips to China and 505,000 trips to other parts of
the world. These were respectively 8%, 10% and 12, higher than in
1975 and represented average annual rates of increase from 1970 to
1976 of 8%, 16% and 24%.
[Table 17 ]
CONFIDENTIAL
機密
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