|Unit||Mil. HKD, SA|
|Source||Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)|
Quarterly national accounts for Hong Kong SAR (China); detailed expenditure and production approaches; in current and constant prices; with levels, growth and deflators. Quarterly from 1973.
Gross Domestic Product is a measure of the total cost of production of all occupant producing units of a country or territory in a stated period, before subtracting allowance for consumption of fixed capital.
Per capita GDP of a country or territory is found by dividing total GDP in a year by the population of that country or territory in the identical year.
GDP can be measured using alternate methods. For Hong Kong, GDP is collected using the expenditure approach and the production approach.
For chained prices, the currency reference year is updated every year. As of 2019 it is 2017.
Collection of GDP through the expenditure approach is the total final expenditures on goods and services (including private consumption expenditure, government consumption expenditure, gross domestic fixed capital formation, changes in inventories and exports of goods and services), minus imports of goods and services.
The collection structure of GDP and Gross National Income (GNI) agrees fundamentally with the global principles as specified in the System of National Accounts 2008 (2008 SNA). GDP by expenditure component at current market prices and in volume terms are collected. Modifications in "volume measure of GDP" (also denoted as changes in real terms) mirror modifications in the volumes of goods and services produced or purchased from one period to another.
We compute certain identities in NSA terms. We compute seasonally adjusted counterparts for level series (whereas the percent-change and deflator series are reported in SA terms by HKSARG).
For chained prices, the currency reference year is updated annually.
In calculating the year-on-year growth rate of private consumption expenditure (PCE) for 1992, the 1991 figures was adjusted to exclude the expenditure of ex-subvented hospitals (now called public hospitals). This is because, after the establishment of the Hospital Authority, ex-subvented hospitals started to function as instruments of the government to implement the provision of subsidised hospital services to the general public. In this regard, ex-subvented hospitals, which were previously classified as PCE, are now classified as government consumption services (GCE). The adjustment to the PCE figure for 1991 is for comparability with the figure for 1992. This avoids any distortion of the year-on-year growth rates due to the change in classification. For details, see paragraphs 3.26 and 3.27 of the annual GDP report at http://www.censtatd.gov.hk/hkstat/sub/sp250.jsp?productCode=B1030002
At the source:
At IMF (SDDS):