2018 Gross Domestic Product

2018 Gross Domestic Product

Census and Statistics Department Hong Kong Special Administrative Region

Enquiries on GDP by expenditure component can be directed to the National Income Branch (1) of the Census and Statistics Department

Address : 22/F, Wanchai Tower, 12 Harbour Road, Wan Chai, Hong Kong. Tel. : (852) 2582 5077 Fax : (852) 2157 9295 E-mail : gdp-e@.hk

Enquiries on GDP by economic activity can be directed to the National Income Branch (2) of the Census and Statistics Department

Address : 10/F, Trade and Industry Tower, 3 Concorde Road, Kowloon, Hong Kong. Tel. : (852) 3903 7005 Fax : (852) 3902 3045 E-mail : gdp-p@.hk

Enquiries on GNI can be directed to the Balance of Payments Branch (2) of the Census and Statistics Department

Address : 10/F, Trade and Industry Tower, 3 Concorde Road, Kowloon, Hong Kong. Tel. : (852) 3903 7054 Fax : (852) 2116 0370 E-mail : gni@.hk

Website of the Census and Statistics Department .hk

Published in February 2019

This publication is available in download version only

Contents

Page

1. Introduction

5

Conceptual framework and methods of compiling GDP

5

Nomenclature, revision and publication of GDP statistics

7

Seasonally adjusted GDP

9

2. Statistical Tables

10

(A) Annual and quarterly GDP by expenditure component

11

Main tables

Table 1

GDP by major expenditure component

(a) At current market prices

12

(b) Year-on-year percentage change in nominal terms

16

(c) In chained (2016) dollars

20

(d) Year-on-year percentage change in real terms

24

Table 2

Implicit price deflators of GDP and its major expenditure components

(a) Index (Year 2016=100)

28

(b) Year-on-year percentage change of implicit price deflators

29

Table 3

Ratio of major expenditure components to GDP at current market prices

30

Table 4

Private consumption expenditure by component

(a) At current market prices

32

(b) In chained (2016) dollars

34

(c) Year-on-year percentage change in real terms

36

Table 5

Consumption expenditure in the domestic market by commodity and service group

(a) At current market prices

38

(b) Percentage distribution at current market prices

40

(c) In chained (2016) dollars

42

Table 6

Government consumption expenditure by social and economic function

44

at current market prices

Table 7

Government consumption expenditure by component

(a) At current market prices

45

(b) In chained (2016) dollars

46

(c) Year-on-year percentage change in real terms

47

Table 8

Individual and collective consumption

(a) At current market prices

48

(b) Year-on-year percentage change in nominal terms

49

- 1 -

2018 Gross Domestic Product

Census and Statistics Department, Hong Kong Special Administrative Region

Contents ---- Continued

Table 9 Table 10 Table 11

Gross domestic fixed capital formation by type of asset and by private / public sector (a) At current market prices (b) In chained (2016) dollars (c) Year-on-year percentage change in real terms Exports and imports of services by service component (a) At current market prices (b) In chained (2016) dollars (c) Year-on-year percentage change in real terms Seasonally adjusted GDP (in chained (2016) dollars) and implicit price deflator of GDP - Percentage change over the preceding quarter

Page

50 52 54

56 60 64 68

Supplementary tables

Table 12 Exports and imports of goods and services based on the standards stipulated

in the System of National Accounts 2008, other than the change of ownership

principle

(a) At current market prices

70

(b) In chained (2016) dollars

72

Table 13

Exports and imports of services by service component based on the standards stipulated in the System of the National Accounts 2008, other than the change of ownership principle

(a) At current market prices

74

(b) In chained (2016) dollars

78

(B) Annual GDP by economic activity at current prices

83

Table 14 GDP by major economic activity

(a) At current prices

84

(b) Percentage contribution to GDP at basic prices

84

(c) Year-on-year percentage change in nominal terms

86

Table 15 Gross output, intermediate consumption, value added and factor income

88

by major economic activity at current prices

Table 16 Value added of selected economic activities

(a) At current prices

94

(b) Percentage contribution to GDP at basic prices

94

(c) Year-on-year percentage change in nominal terms

98

(C) Annual and quarterly GDP by economic activity in chained (2016) dollars

103

Table 17 GDP by major economic activity

(a) In chained (2016) dollars

104

(b) Year-on-year percentage change in real terms

106

Table 18 Value added of selected economic activities

(a) In chained (2016) dollars

108

(b) Year-on-year percentage change in real terms

109

- 2 -

2018 Gross Domestic Product

Census and Statistics Department, Hong Kong Special Administrative Region

Contents ---- Continued

Page

3. Methods and Data Sources for Compilation of GDP by the

110

Expenditure Approach

Current price GDP by expenditure component

110

Private consumption expenditure

110

Government consumption expenditure

114

Gross domestic capital formation

115

Building and construction

116

Costs of ownership transfer

116

Machinery, equipment and intellectual property products

117

Changes in inventories

117

Exports and imports of goods and services

118

Exports and imports of goods

118

Exports and imports of services

118

Chain volume measures of GDP by expenditure component

120

Implicit price deflators of GDP and its components

124

Limitations of the compilation system

125

Private consumption expenditure

125

Government consumption expenditure

126

Gross domestic capital formation

126

Exports and imports of services

126

Seasonally adjusted GDP and its major expenditure components

127

Real Gross Domestic Income

128

4. Methods and Data Sources for Compilation of GDP by the

129

Production Approach

Current price annual GDP by economic activity

129

Agriculture, fishing, mining and quarrying

129

Manufacturing; electricity, gas and water supply, and waste management

129

Construction

130

Import / export, wholesale and retail trades

131

Accommodation and food services

131

Transportation, storage, postal and courier services

132

Information and communications

133

- 3 -

2018 Gross Domestic Product

Census and Statistics Department, Hong Kong Special Administrative Region

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