ENG-2002 — Page 547

Table 3

(Chapter 3: The Economy)

Balance of Payments Account

APPENDICES

HK$ Million

2001@

2002@

Current Account Balance

95,795

136,348

Balance on goods

Balance on services

Net income flow

--64.970

-40,019

133,468

163,419

41,174

27,423

Net flow in current transfers

-13.878

-14,475

Capital and Financial Account Balance

-97,359

-191,417

Net flow in capital transfers

-9,155

-15,725

Net change() in financial non-reserve assets

-51.674

-194,233

Direct investment

96.948

-31,007

Portfolio investment

-322,045

-290,749

Financial derivatives

39,640

10.616

Other investment

133.783

116.906

Net change() in reserve assets

-36,530

18,541

Net Errors and Omissions(2)

1,565

55,069

Overall Balance of Payments

36,530

-18,541

(in surplus)

(in deficit)

Notes: In accordance with the Balance of Payments accounting rules, a positive value for the balance figure in the current account represents a surplus whereas a negative value represents a deficit. For the capital and financial account, a positive value indicates a net capital and financial inflow and a negative value indicates a net outflow. As increases in external assets are debit entries and decreases are credit entries, a negative value for net change in reserve assets represents a net increase and a positive value represents a net decrease.

In line with the latest major revision of GDP data series, figures presented in this table have been revised and hence may be different from those presented in earlier editions.

(1) The estimates on net change in reserve and non-reserve assets under the Balance of Payments framework are transaction figures. Effects

from valuation changes (including price changes and exchange rate changes) and reclassifications are excluded.

(2) In principle, the net sum of credit entries and debit entries is zero. In practice, discrepancies between the credit and debit entries may however occur for various reasons as the data are collected from many sources. Equality between the sum of credit entries and debit entries is brought about by the inclusion of a balancing item which reflects net errors and omissions.

Source: Balance of Payments Branch (1), Census and Statistics Department.

(Enquiry Telephone No.: 2116 8677)

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