In the second quarter of 2008, the Gross Domestic Product (GDP) increased by 4.2% in real terms over a year earlier, moderating from the 7.3% growth in the first quarter of 2008. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+7.3%

year-on-year
% change
in real terms

2nd Qtr 2008

+4.2%

year-on-year
% change
in real terms

Private consumption expenditure (PCE) grew by 3.1% in real terms in the second quarter of 2008 over a year earlier, moderating from the 7.9% increase in the first quarter. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+7.9%

year-on-year
% change
in real terms

2nd Qtr 2008

+3.1%

year-on-year
% change
in real terms

Gross domestic fixed capital formation (GDFCF) recorded an increase of 4.3% in real terms in the second quarter of 2008, smaller than the 9.9% growth in the first quarter. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+9.9%

year-on-year
% change
in real terms

2nd Qtr 2008

+4.3%

year-on-year
% change
in real terms

In June 2008, the volume of Hong Kong's re-exports of goods decreased by 3.6% over June 2007, while that of domestic exports dropped significantly, by 24.9%. Taken together, the volume of total exports of goods decreased by 4.6%. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

+8.0%

year-on-year
% change
in real terms

Jun 2008

-4.6%

year-on-year
% change
in real terms

In June 2008, the volume of Hong Kong's domestic exports of goods dropped significantly, by 24.9% over June 2007. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

-17.8%

year-on-year
% change
in real terms

Jun 2008

-24.9%

year-on-year
% change
in real terms

In June 2008, the volume of Hong Kong's re-exports of goods decreased by 3.6% over June 2007. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

+9.2%

year-on-year
% change
in real terms

Jun 2008

-3.6%

year-on-year
% change
in real terms

In June 2008, the volume of Hong Kong's imports of goods decreased by 2.8% over June 2007. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

+11.4%

year-on-year
% change
in real terms

Jun 2008

-2.8%

year-on-year
% change
in real terms

Exports of services increased by 7.1% in real terms in the second quarter of 2008 over a year earlier, after a 10.2% increase in the first quarter. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+10.2%

year-on-year
% change
in real terms

2nd Qtr 2008

+7.1%

year-on-year
% change
in real terms

Imports of services grew by 2.6% in real terms in the second quarter of 2008. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+10.1%

year-on-year
% change
in real terms

2nd Qtr 2008

+2.6%

year-on-year
% change
in real terms

After netting out the effect of price changes, Hong Kong's GNP increased by 4.3% in real terms in the first quarter of 2008 over a year earlier, compared with an increase of 9.7% in the fourth quarter of 2007. (Full press release)

Detailed statistics
Concepts and Methods

4th Qtr 2007

+9.7%

year-on-year
% change
in real terms

1st Qtr 2008

+4.3%

year-on-year
% change
in real terms

Hong Kong recorded a surplus amounting to $55.0 billion in its BoP account (at 13.4% of GDP) in the first quarter of 2008, as compared with a surplus of $78.3 billion (at 17.4% of GDP) in the fourth quarter of 2007. (Full press release)

Detailed statistics
Concepts and Methods

4th Qtr 2007

+78.3

(HK$ billion)

1st Qtr 2008

+55.0

(HK$ billion)

According to the Composite CPI, overall consumer prices rose by 6.1% in June 2008 over a year earlier, larger than the 5.7% increase in May. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

+5.7%

year-on-year
% change

Jun 2008

+6.1%

year-on-year
% change

The implicit price deflator (IPD) of GDP, as a broad measure of overall inflation in the economy, recorded a year-on-year increase of 2.0% in the second quarter of 2008, compared with the 2.3% increase in the first quarter. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+2.3%

year-on-year
% change

2nd Qtr 2008

+2.0%

year-on-year
% change

After netting out the effect of price changes, the volume of total retail sales increased by 4.0% (provisional) in June 2008 compared with a year earlier. (Full press release)

Detailed statistics
Concepts and Methods

May 2008

+5.6%

year-on-year
% change
in real terms

Jun 2008

+4.0%

year-on-year
% change
in real terms
(provisional)

After discounting the effect of price changes, total restaurant receipts rose by 8.5% (provisional) in volume in the second quarter of 2008 as compared to a year earlier. (Full press release)

Detailed statistics
Concepts and Methods

1st Qtr 2008

+10.2%

year-on-year
% change
in real terms

2nd Qtr 2008

+8.5%

year-on-year
% change
in real terms
(provisional)

Total labour force increased by around 4 500, from 3 654 300 in April - June 2008 to 3 658 800 (provisional figure) in May - July 2008. (Full press release)

Detailed statistics
Concepts and Methods

Apr - Jun
2008

3 654.3

('000)

May - Jul
2008

3 658.8

('000)
(provisional figure)

Total employment increased by around 1 400, from 3 532 800 in April - June 2008 to 3 534 200 (provisional figure) in May - July 2008. (Full press release)

Detailed statistics
Concepts and Methods

Apr - Jun
2008

3 532.8

('000)

May - Jul
2008

3 534.2

('000)
(provisional figure)

The number of unemployed persons (not seasonally adjusted) increased by around 3 100, from 121 500 in April - June 2008 to 124 600 (provisional figure) in May - July 2008. (Full press release)

Detailed statistics
Concepts and Methods

Apr - Jun
2008

121.5

('000)

May - Jul
2008

124.6

('000)
(provisional figure)

The seasonally adjusted unemployment rate declined from 3.3% in April - June 2008 to 3.2% (provisional figure) in May - July 2008. (Full press release)

Detailed statistics
Concepts and Methods

Apr - Jun
2008

3.3%

May - Jul
2008

3.2%

(provisional figure)

The underemployment rate held stable at 1.9% in April - June 2008 and May - July 2008 (provisional figure). (Full press release)

Detailed statistics
Concepts and Methods

Apr - Jun
2008

1.9%

May - Jul
2008

1.9%

(provisional figure)

The average wage rate for all the major sectors surveyed, as measured by the wage index, rose by 3.8% in nominal terms in March 2008 over a year earlier. (Full press release)

Detailed statistics
Concepts and Methods

Dec 2007

+2.7%

year-on-year
% change
in nominal terms

Mar 2008

+3.8%

year-on-year
% change
in nominal terms

The Hong Kong population was 6 985 200 (provisional) at mid-2008, representing an increase of 59 300 (provisional) or 0.9% (provisional) over mid-2007. (Full press release)

Detailed statistics
Concepts and Methods

End - 2007

6 952.8

('000)

Mid - 2008

6 985.2

('000)
(provisional)