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 (2018) dollars @			Implicit price deflator of GDP		At current market prices		In chained (2018) dollars @
		HK$ million	Year-on-year % change	HK$ million	Year-on-year % change	Quarter-to-quarter % change in the seasonally adjusted GDP	Year 2018=100	Year-on-year % change	HK$	Year-on-year % change	HK$	Year-on-year % change
2017		2,659,384	6.8	2,756,666	3.8	N.A.	96.5	2.9	359,780	6.0	372,941	3.0
2018 r		2,835,161	6.6	2,835,161	2.8	N.A.	100.0	3.7	380,507	5.8	380,507	2.0
2019 r		2,865,679	1.1	2,799,736	-1.2	N.A.	102.4	2.4	381,714	0.3	372,930	-2.0
2019	Q1 r	707,866	3.4	699,338	0.7	0.8	101.2	2.7	N.A.	N.A.	N.A.	N.A.
	Q2 r	694,280	3.0	678,398	0.4	-0.3	102.3	2.7	N.A.	N.A.	N.A.	N.A.
	Q3 r	719,326	-0.5	698,211	-2.8	-3.0	103.0	2.3	N.A.	N.A.	N.A.	N.A.
	Q4 r	744,207	-1.2	723,789	-3.0	-0.5	102.8	1.8	N.A.	N.A.	N.A.	N.A.
2020	Q1 r	662,938	-6.3	637,135	-8.9	-5.3	104.0	2.8	N.A.	N.A.	N.A.	N.A.

Notes :	Figures in this table are the latest data released on 15 May 2020.
	r	Revised figures
	@	The reference year for the chain volume measures of GDP and its components has been revised from 2017 to 2018. Re-referencing affects the levels, but not the rates of change, of the chain volume measures. Apart from re-referencing, the volume estimates for 2019 previously valued at 2017 prices have also been revalued at 2018 prices. This rebasing of the volume measures affects the real growth rates of the annual and quarterly GDP for 2019.
	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. All those figures published subsequently, after the advance figures, are called "revised figures". These "revised figures" are still subject to further regular revision later on when more data are incorporated. 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. In general, the figures are finalised when finalised data from all regular sources are incorporated.
	'0.0'	denotes increase or decrease of less than 0.05%
	N.A.	Not applicable
	The rate of change of GDP in real terms for 2020 is forecast to be -4% to -7%. 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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