Table 030 : Gross Domestic Product (GDP), implicit price deflator of GDP and per capita GDP | Census and Statistics Department

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Year	Quarter	GDP					Implicit price deflator of GDP		Per capita GDP
		At current market prices		In chained (2017) dollars @			Implicit price deflator of GDP		At current market prices		In chained (2017) dollars @
		HK$ million	Year-on-year % change	HK$ million	Year-on-year % change	Quarter-to-quarter % change in the seasonally adjusted GDP	Year 2017=100	Year-on-year % change	HK$	Year-on-year % change	HK$	Year-on-year % change
2016		2,490,617	3.9	2,564,130	2.2	N.A.	97.1	1.6	339,478	3.2	349,498	1.5
2017 r		2,662,836	6.9	2,662,836	3.8	N.A.	100.0	3.0	360,247	6.1	360,247	3.1
2018 r		2,842,883	6.8	2,742,787	3.0	N.A.	103.6	3.6	381,544	5.9	368,110	2.2
2018	Q1 r	686,367	8.6	670,819	4.6	1.9	102.3	3.8	N.A.	N.A.	N.A.	N.A.
	Q2 r	675,260	7.3	654,271	3.6	-0.3	103.2	3.7	N.A.	N.A.	N.A.	N.A.
	Q3 r	726,352	6.8	696,011	2.8	0.1	104.4	3.8	N.A.	N.A.	N.A.	N.A.
	Q4 r	754,904	4.7	721,686	1.2	-0.5	104.6	3.4	N.A.	N.A.	N.A.	N.A.
2019	Q1 r	714,039	4.0	675,108	0.6	1.3	105.8	3.4	N.A.	N.A.	N.A.	N.A.

Notes :	Figures in this table are the latest data released on 17 May 2019.
	r	Revised figures
	@	The reference year for the chain volume measures of GDP and its components has been revised from 2016 to 2017. Re-referencing affects the levels, but not the rates of change, of the chain volume measures. Apart from re-referencing, the volume estimates for 2018 previously valued at 2016 prices have also been revalued at 2017 prices. This rebasing of the volume measures affects the real growth rates of the annual and quarterly GDP for 2018.
	In Hong Kong, the first released figures on GDP by expenditure component in respect of a period are called “advance estimates”. When more data become available, the figures will be revised. This routine revision is in accordance with the international practice to compile and release GDP figures at the earliest possible time by using only partial data. All those figures published subsequently, on revision, are called “revised figures”. In general, the figures are finalised when data from all regular sources are incorporated.
	'0.0'	denotes increase or decrease of less than 0.05%
	N.A.	Not applicable
	The GDP for 2019 is forecast to increase by 2% to 3% in real terms. For more information on the forecast of GDP, please click here.
	Changes over time in the GDP at current prices can be factored into two components, reflecting: (a) changes in the prices of goods and services produced or purchased ; and (b) changes in their volumes.
	Changes of chained dollar estimates of GDP reflect changes in the volume of production or consumption of goods and services from one period to another. The effect of changes in prices has been removed.
	In the seasonally adjusted GDP series, since seasonal effects have been removed statistically, figures for consecutive quarters can be compared more meaningfully. When the year-on-year changes for the quarterly figures in the original GDP series and the quarter-to-quarter changes in the seasonally adjusted GDP series are analysed together, the trend of the GDP can be more clearly discerned.
Source :	National Income Section (1)1, Census and Statistics Department (Enquiry telephone no. : 2582 5077 Enquiry e-mail : gdp-e@censtatd.gov.hk)

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