SUPPLEMENT

ECONOMIC PROSPECTS FOR 1996


Forecast growth rates of the GDP and its expenditure components and rates of increase in the main price indicators in 1996:

(i) Growth rates in real terms of :
(%)(%)
Private consumption expenditure4
Government consumption expenditure5
Gross domestic fixed capital formation6.1
    transfer costs of land and buildings
5
    building and construction
6.6
    real estate developers' margin
-6
    machinery and equipment
8.6
Total exports of goods10
    domestic exports
0.5
    re-exports
12
Imports of goods7.8
Exports of services10
Imports of services7
Gross domestic product (GDP)5
    Per capita GDP
2.8
    Per capita GDP at current prices
HK$197,400
(US$25,300)
(ii) Rates of increase in:
Consumer Price Index (A)7.5
GDP deflator7


[1996-97 Budget Speech]