TNAG-1999-FCO40-2846-Meeting-between-Douglas-Hurd--Secretary-of-State-for-Foreign-1990 — Page 37

55790/sbn

STATISTICAL SNAPSHOT

BASIC ECONOMIC DATA

(All data 1989 and US dollar unless otherwise stated)

HONG KONG

Economic Indicators

Real GDP growth: 2.5%

GDP: US$ 63 bn

GDP per capita: $10,939

Inflation:

10.1% (Dec 88/Dec 89)

Financial Indicators

Interest rates:

Prime lending rate: 10% 3-month interbank: 8.375%

Currency: Hong Kong dollar

Exchange rate: HK$7.8/US$ (pegged) £=HK$12.6 (Dec 89)

Ml Growth: 6.8%

Budget Surplus: 2.1% of GDP

Domestic Exports:

$28.7 bn

Re-exports:

$44.4 bn

Imports fob:

$72.0 bn

Merchandise trade surplus:

$1.1 bn

Current account surplus:

$6.2 bn

National Accounts

%GDP

GDP by Production

% of total (1988)

Private consumption:

57.9

Manufacturing

22.1

Public consumption:

7.3

Finance and business

27.1

Gross investment:

26.4

Exports GNFS:

135.4

Imports GNFS:

127.4

Distributive trades Community service Other

23.2

14.9

12.7

Change in stocks

0.3

Major Domestic Exports

% of total

Key Markets

% of total

Clothing

32.4

USA

32.2

Watches and Clocks

8.8

FRG

7.0

Textiles

7.5

UK

6.5

Telecommunications goods

7.1

China

19.3

Electronic components

8.0

Japan

5.8

Other (unspecified)

36.5

Major imports

% of total

Key suppliers

% of total

Raw materials

12.6

China

34.9

Consumer goods

37.4

Japan

16.6

Foodstuffs

Capital goods

Gold

Other

25.8

EEC

4.5

7.1

(UK)

2.3

7.5

Taiwan

9.2

9.6

USA

8.2

Demographic Indicators

Population:

Employment

% of total (1988)

5.81 mn

Manufacturing

30.7

Population growth:

1.3%

Finance and business

8.4

Labour force:

2.89 mn

Trade

18.6

Unemployment:

1.4%

Tourism etc

6.8

Population Density:

{e800k per 250) km

6:7

June 1990