ECONOMIC PERFORMANCE IN 1999
 

  1. Estimated rates of change in the Gross Domestic Product and its expenditure components and in the main price indicators in 1999 :
                   (%)

    (i) Growth rates in real terms of :

      Private consumption expenditure
       
       
       
      1.1
       
      Government consumption expenditure
       
       
       
      3.5
       
      Gross domestic fixed capital formation
       
       
       
      -17.6
       
                of which:
      building and construction
      -10.8
      real estate developers' margin
      -26.6
      machinery and equipment
       
      -19.4
       
       
       
      Total exports of goods

       

      3.7
      domestic exports
      -7.2
      re-exports
      5.4
      Imports of goods 0.1
      Exports of services 5.5
      Imports of services
       
       
       
      -0.9
       
      Gross Domestic Product (GDP)
       
       
       
      2.9
       

        Per capita GDP

      0.6

        Per capita GDP at current market prices

      HK$179,808
      (US$23,200)

    (ii) Rates of change in :
     

      Composite Consumer Price Index -4.0
      Consumer Price Index (A) -3.3
      GDP deflator -5.6
       

       

  2. Performance of domestic exports and re-exports

    (i) Annual growth rates in real terms of :
     

      Domestic exports Re-exports
      (%) (%)
      1997 2 7
      1998 -8 -4
      1999 -7 5
       

       

    (ii) Shares of domestic exports and re-exports in the value of total exports :
     

      Domestic exports Re-exports
      (%) (%)
      1994 19 81
      1995 17 83
      1996 15 85
      1997 15 85
      1998 14 86
      1999 13 87
       

       

  3. Annual growth rates in real terms of retained imports :

     


       
      Retained imports

       Total
      Foodstuffs and
      consumer goods
      Raw materials and
      semi-manufactures
      Capital
      goods
      (%) (%) (%) (%)
      1997   8   7   7  22
      1998 -14  -21  -18   -9
      1999 -12 -12 -11 -25

       

  4. Hong Kong's visible and invisible trade balance in 1999 :

     

      (HK$Billion)
      Total exports 1,349
      Imports* 1,396
      Visible trade balance -47
      Invisible trade balance# 101
      Combined visible and invisible trade balance# 54

      *   Including an estimate of imports of gold for industrial use.
      #   Preliminary figure.

       

  5. Annual averages of the unemployment and underemployment rates :

     

      Unemployment rate Underemployment rate 
      (%) (%)
      1997 2.4 1.2
      1998 4.7 2.5
      1999 6.1 3.0
       

       

  6. Annual rates of change in the Consumer Price Indices :

     

    Composite CPI CPI(A) CPI(B) CPI(C)
    (%) (%) (%) (%)
    1997 5.8 5.7 5.8 6.1
    1998 2.8 2.6 2.8 3.2
    1999 -4.0 -3.3 -4.7 -3.7

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