Table 1 : Hong Kong's Balance of Payments Account

Current Account Balance for the year of 2001 was HK$ million 95763
Current Account Balance for the year of 2002 was HK$ million 137277
Current Account Balance for the 1st Qtr of 2002 was HK$ million 30034
Current Account Balance for the 2nd Qtr of 2002 was HK$ million 19943
Current Account Balance for the 3rd Qtr of 2002 was HK$ million 41993
Current Account Balance for the 4th Qtr of 2002 was HK$ million 45306
Current Account Balance for the 1st Qtr of 2003 was HK$ million 36494
Current Account Balance for the 2nd Qtr of 2003 was HK$ million 19730

Balance on Goods for the year of 2001 was HK$ million -64970
Balance on Goods for the year of 2002 was HK$ million -39406
Balance on Goods for the 1st Qtr of 2002 was HK$ million -12444
Balance on Goods for the 2nd Qtr of 2002 was HK$ million -16381
Balance on Goods for the 3rd Qtr of 2002 was HK$ million -4979
Balance on Goods for the 4th Qtr of 2002 was HK$ million -5603
Balance on Goods for the 1st Qtr of 2003 was HK$ million -15985
Balance on Goods for the 2nd Qtr of 2003 was HK$ million -9811

Balance on Services for the year of 2001 was HK$ million 133436
Balance on Services for the year of 2002 was HK$ million 163735
Balance on Services for the 1st Qtr of 2002 was HK$ million 31160
Balance on Services for the 2nd Qtr of 2002 was HK$ million 37805
Balance on Services for the 3rd Qtr of 2002 was HK$ million 42695
Balance on Services for the 4th Qtr of 2002 was HK$ million 52075
Balance on Services for the 1st Qtr of 2003 was HK$ million 40660
Balance on Services for the 2nd Qtr of 2003 was HK$ million 31470

Net Factor income flow for the year of 2001 was HK$ million 41174
Net Factor income flow for the year of 2002 was HK$ million 27423
Net Factor income flow for the 1st Qtr of 2002 was HK$ million 14779
Net Factor income flow for the 2nd Qtr of 2002 was HK$ million 2137
Net Factor income flow for the 3rd Qtr of 2002 was HK$ million 8099
Net Factor income flow for the 4th Qtr of 2002 was HK$ million 2408
Net Factor income flow for the 1st Qtr of 2003 was HK$ million 15950
Net Factor income flow for the 2nd Qtr of 2003 was HK$ million 1539

Net flow in Current transfers for the year of 2001 was HK$ million -13878
Net flow in Current transfers for the year of 2002 was HK$ million -14475
Net flow in Current transfers for the 1st Qtr of 2002 was HK$ million -3461
Net flow in Current transfers for the 2nd Qtr of 2002 was HK$ million -3618
Net flow in Current transfers for the 3rd Qtr of 2002 was HK$ million -3822
Net flow in Current transfers for the 4th Qtr of 2002 was HK$ million -3573
Net flow in Current transfers for the 1st Qtr of 2003 was HK$ million -4131
Net flow in Current transfers for the 2nd Qtr of 2003 was HK$ million -3469

Capital and Financial Account Balance for the year of 2001 was HK$ million -97359
Capital and Financial Account Balance for the year of 2002 was HK$ million -191417
Capital and Financial Account Balance for the 1st Qtr of 2002 was HK$ million -46809
Capital and Financial Account Balance for the 2nd Qtr of 2002 was HK$ million -30363
Capital and Financial Account Balance for the 3rd Qtr of 2002 was HK$ million -57056
Capital and Financial Account Balance for the 4th Qtr of 2002 was HK$ million -57189
Capital and Financial Account Balance for the 1st Qtr of 2003 was HK$ million -38356
Capital and Financial Account Balance for the 2nd Qtr of 2003 was HK$ million -6276

Net flow in Capital transfers for the year of 2001 was HK$ million -9155
Net flow in Capital transfers for the year of 2002 was HK$ million -15725
Net flow in Capital transfers for the 1st Qtr of 2002 was HK$ million -2998
Net flow in Capital transfers for the 2nd Qtr of 2002 was HK$ million -7586
Net flow in Capital transfers for the 3rd Qtr of 2002 was HK$ million -1912
Net flow in Capital transfers for the 4th Qtr of 2002 was HK$ million -3229
Net flow in Capital transfers for the 1st Qtr of 2003 was HK$ million -1948
Net flow in Capital transfers for the 2nd Qtr of 2003 was HK$ million -2825

Net change in Financial non-reserve assets for the year of 2001 was HK$ million -51674
Net change in Financial non-reserve assets for the year of 2002 was HK$ million -194233
Net change in Financial non-reserve assets for the 1st Qtr of 2002 was HK$ million -39950
Net change in Financial non-reserve assets for the 2nd Qtr of 2002 was HK$ million -25897
Net change in Financial non-reserve assets for the 3rd Qtr of 2002 was HK$ million -62844
Net change in Financial non-reserve assets for the 4th Qtr of 2002 was HK$ million -65542
Net change in Financial non-reserve assets for the 1st Qtr of 2003 was HK$ million -26017
Net change in Financial non-reserve assets for the 2nd Qtr of 2003 was HK$ million -25186

Net flow in Direct investment for the year of 2001 was HK$ million 96948
Net flow in Direct investment for the year of 2002 was HK$ million -31007
Net flow in Direct investment for the 1st Qtr of 2002 was HK$ million -10139
Net flow in Direct investment for the 2nd Qtr of 2002 was HK$ million 15254
Net flow in Direct investment for the 3rd Qtr of 2002 was HK$ million -32735
Net flow in Direct investment for the 4th Qtr of 2002 was HK$ million -3387
Net flow in Direct investment for the 1st Qtr of 2003 was HK$ million 3016
Net flow in Direct investment for the 2nd Qtr of 2003 was HK$ million 34843

Net flow in Portfolio investment for the year of 2001 was HK$ million -322045
Net flow in Portfolio investment for the year of 2002 was HK$ million -290749
Net flow in Portfolio investment for the 1st Qtr of 2002 was HK$ million 7056
Net flow in Portfolio investment for the 2nd Qtr of 2002 was HK$ million -117765
Net flow in Portfolio investment for the 3rd Qtr of 2002 was HK$ million -82478
Net flow in Portfolio investment for the 4th Qtr of 2002 was HK$ million -97561
Net flow in Portfolio investment for the 1st Qtr of 2003 was HK$ million -54803
Net flow in Portfolio investment for the 2nd Qtr of 2003 was HK$ million -25874

Net flow in Financial derivatives for the year of 2001 was HK$ million 39640
Net flow in Financial derivatives for the year of 2002 was HK$ million 10616
Net flow in Financial derivatives for the 1st Qtr of 2002 was HK$ million 12316
Net flow in Financial derivatives for the 2nd Qtr of 2002 was HK$ million 6054
Net flow in Financial derivatives for the 3rd Qtr of 2002 was HK$ million -5706
Net flow in Financial derivatives for the 4th Qtr of 2002 was HK$ million -2048
Net flow in Financial derivatives for the 1st Qtr of 2003 was HK$ million 12122
Net flow in Financial derivatives for the 2nd Qtr of 2003 was HK$ million 22044

Net flow in Other investment for the year of 2001 was HK$ million 133783
Net flow in Other investment for the year of 2002 was HK$ million 116906
Net flow in Other investment for the 1st Qtr of 2002 was HK$ million -49183
Net flow in Other investment for the 2nd Qtr of 2002 was HK$ million 70560
Net flow in Other investment for the 3rd Qtr of 2002 was HK$ million 58075
Net flow in Other investment for the 4th Qtr of 2002 was HK$ million 37454
Net flow in Other investment for the 1st Qtr of 2003 was HK$ million 13649
Net flow in Other investment for the 2nd Qtr of 2003 was HK$ million -56198

Net change in Reserve assets for the year of 2001 was HK$ million -36530
Net change in Reserve assets for the year of 2002 was HK$ million 18541
Net change in Reserve assets for the 1st Qtr of 2002 was HK$ million -3861
Net change in Reserve assets for the 2nd Qtr of 2002 was HK$ million 3120
Net change in Reserve assets for the 3rd Qtr of 2002 was HK$ million 7700
Net change in Reserve assets for the 4th Qtr of 2002 was HK$ million 11582
Net change in Reserve assets for the 1st Qtr of 2003 was HK$ million -10392
Net change in Reserve assets for the 2nd Qtr of 2003 was HK$ million 21735

Net errors and omissions for the year of 2001 was HK$ million 1597
Net errors and omissions for the year of 2002 was HK$ million 54140
Net errors and omissions for the 1st Qtr of 2002 was HK$ million 16775
Net errors and omissions for the 2nd Qtr of 2002 was HK$ million 10420
Net errors and omissions for the 3rd Qtr of 2002 was HK$ million 15063
Net errors and omissions for the 4th Qtr of 2002 was HK$ million 11883
Net errors and omissions for the 1st Qtr of 2003 was HK$ million 1862
Net errors and omissions for the 2nd Qtr of 2003 was HK$ million -13454

Overall Balance of Payments for the year of 2001 was HK$ million 36530 (in surplus)
Overall Balance of Payments for the year of 2002 was HK$ million -18541 (in deficit)
Overall Balance of Payments for the 1st Qtr of 2002 was HK$ million 3861 (in surplus)
Overall Balance of Payments for the 2nd Qtr of 2002 was HK$ million -3120 (in deficit)
Overall Balance of Payments for the 3rd Qtr of 2002 was HK$ million -7700 (in deficit)
Overall Balance of Payments for the 4th Qtr of 2002 was HK$ million -11582 (in deficit)
Overall Balance of Payments for the 1st Qtr of 2003 was HK$ million 10392 (in surplus)
Overall Balance of Payments for the 2nd Qtr of 2003 was HK$ million -21735 (in deficit)


Notes :
(1) In accordance with the Balance of Payments accounting rules, a positive value for the balance figure in the current account represents a 
    surplus whereas a negative value represents a deficit. For the capital and financial account, a positive value indicates a net capital 
    and financial inflow and a negative value indicates a net outflow. As increases in external assets are debit entries and decreases are 
    credit entries, a negative value for net change in reserve assets represents a net increase and a positive value represents a net 
    decrease.

(2) The estimates on net change in reserve assets under the Balance of Payments framework are transaction figures. Effects from valuation 
    changes (including price changes and exchange rate changes) and reclassifications are excluded.

(3) In principle, the net sum of credit entries and debit entries is zero. In practice, discrepancies between the credit and debit entries 
    may occur for various reasons, as the data are collected from many sources. Equality between the sums of credit entries and debit entries 
    is brought about by the inclusion of a balancing item which reflects net errors and omissions.