Appendix 6 : Table 1

(a) Gross Domestic Product (GDP)

(b) GDP by Expenditure Component



				1997	2001	@	2002	@


Ratio of expenditure components to GDP at current
	market prices (%)
	Private consumption expenditure			60.0	58.3		55.7
	Government consumption expenditure			8.4	10.1		10.3
	Gross domestic fixed capital formation			33.6	26.7		23.9
	Changes in inventories			0.9	–0.2		0.3
	Exports of goods (f.o.b.)			108.3	115.8		122.8
	Exports of services			21.7	25.3		27.7
	Less:		Imports of goods (f.o.b.)	118.2	121.1		126.0
			Imports of services	14.6	14.8		14.9
	GDP			100.0	100.0		100.0
Year-on-year rates of change of GDP and expenditure
	components (%)
	In nominal terms
		GDP		+11.0	–0.7		–0.6
		Private consumption expenditure		+11.1	+0.2		–5.0
		Government consumption expenditure		+8.9	+7.2		+2.0
		Gross domestic fixed capital formation		+19.4	–1.6		–11.1
		Exports of goods (f.o.b.)		+4.2	–5.8		+5.4
		Imports of goods (f.o.b.)		+5.2	–5.3		+3.4
		Exports of services		–1.2	+1.7		+9.0
		Imports of services		+4.6	–1.0		–0.4
	In real terms
		GDP		+5.1	+0.6		+2.3
		Private consumption expenditure		+6.9	+1.4		–1.6
		Government consumption expenditure		+2.4	+6.0		+2.4
		Gross domestic fixed capital formation		+12.6	+2.9		–4.4
		Exports of goods (f.o.b.)		+6.1	–3.3		+8.6
		Imports of goods (f.o.b.)		+7.3	–1.9		+7.9
		Exports of services		–2.1	+5.9		+12.1
		Imports of services		+4.0	–0.2		–0.8



					1997	2000	2001	@


Percentage contribution of economic activities to GDP
	at current factor cost (%)
	Agriculture and fishing				0.1	0.1	0.1
	Mining and quarrying				§	§	§
	Manufacturing				6.4	5.8	5.2
	Electricity, gas and water				2.6	3.2	3.3
	Construction				5.7	5.2	4.8
	Services				85.1	85.7	86.5
		Wholesale, retail and import/export trades, restaurants and			25.7	26.4	26.7
			hotels
		Transport, storage and communications			9.1	10.2	10.2
		Financing, insurance, real estate and business services			26.5	23.7	22.6
		Community, social and personal services			17.4	20.5	21.8
		Ownership of premises			13.5	12.6	13.1
		Less:		Adjustment for financial intermediation services	7.1	7.8	7.9
				indirectly measured

	Total				100.0	100.0	100.0

GDP at factor cost (HK$ billion)					1,267.5	1,228.9	1,216.4

(d) GDP by Economic Activity at Constant (2000) Prices



			2001	@	2002	@


Year-on-year rates of change in real terms of value added
	of major economic activities (%)
	Manufacturing		–8.6		–8.9
	Construction		–4.3		–0.8
	Services		+1.4		+3.2
		of which:
		Wholesale, retail and import/export trades, restaurants and hotels	–0.3		+5.1
		Transport, storage and communications	+2.1		+4.2
		Financing, insurance, real estate and business services	–0.6		+0.8
		Community, social and personal services	+3.9		+0.8


Notes:	As a result of the major revision to the Gross Domestic Product (GDP) introduced in August 2002, figures presented in this table have been revised accordingly and hence may be different from those presented in earlier editions. The objective of the major revision to GDP is to enhance the quality and international comparability of GDP statistics in Hong Kong. The 2002 round of major revision was achieved through (a) incorporating improved estimation methods and new data sources; (b) implementing latest international statistical standards; and (c) updating the base year of constant price GDP series to 2000. § Less than 0.05%
Source:	National Income Branches (1) and (2), Census and Statistics Department. (Enquiry Telephone No.: 2582 5077)