ECONOMIC PROSPECTS FOR 1998
 

Forecast growth rates of the GDP and its expenditure components and rates of increase in the main price indicators in 1998:

(i) Growth rates in real terms of :

     
     
    (%)
     
    (%)
     
    Private consumption expenditure
     
     
     
    3
     
    Government consumption expenditure
     
     
     
    4
     
    Gross domestic fixed capital formation
     
     
     
    2.5
     
    transfer costs of land and buildings
    -35    
    building and construction
     -1.1  
    real estate developers' margin
      6    
    machinery and equipment
     
      7  
     
     
     
    Total exports of goods   4.8
    domestic exports
      1    
    re-exports
     
      5.5
     
     
     
    Imports of goods
     
     
     
    4.1
     
    Exports of services
     
     
     
    3.5
     
    Imports of services
     
     
     
    1.3
     
    Gross domestic product (GDP)   3.5
    Per capita GDP
      1.0
    Per capita GDP at current prices
    HK$212,200  
      (US$27,200)  

(ii) Rates of increase in:

    Composite Consumer Price Index
     
     
     
    5
     
    Consumer Price Index (A)   4.5
    GDP deflator   3


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