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Economic Statistics in Hong Kong SAR, China1 National Statistical Website: http://www.censtatd.gov.hk/ World Bank Economic Grouping: High income 2 Population (millions, 2014): 7.2 2 GDP per capita (2005 PPP, 2012): 44,808 Advocacy Coordination ▪ Agencies involved in economic statistics: ○ The Government of the Hong Kong Special Administrative Region: Census and Statistics Department; Treasury ○ Hong Kong Monetary Authority ▪ Statistical law protects confidentiality and independence of statistical information ▪ Centralized statistical system ○ Responsibilities are clearly defined for agencies involved in the production of the Core Set ▪ Publication policies in place and available to users/staff ▪ Contact points publicized for each statistical subject area ▪ User consultations are organized by producers of economic statistics ▪ Awareness of relevance, among users, of official statistics to economic policy making is considered sufficient and there are activities in place to improve upon it International Collaboration ▪ Interested in participating in RPES as a provider but not as a recipient of technical assistance ▪ IMF-SDDS subscriber ▪ Participant in International Comparison Programme for calculating purchasing power parities Statistical Infrastructure Key Collections/Compilations Frequency Timeliness National Accounts Quarterly 2 months Standards/Classifications Balance of Payments Quarterly 3 months Labour Force Survey Monthly 2-3 weeks Household Income/Expenditure Survey Every 5 years 6 months Enterprise/Establishment Survey Annually 11 months Population Census Every 10 years 7 months - SNA 2008 - ISIC Rev. 4 - WCO’s Harmonized System Product Classification - COICOP - COFOG - BoP coherent with BPM6 × × Economic Census N/A N/A Agricultural Census N/A N/A Quality assessment framework is available and used to monitor the quality of economic statistics outputs Centralized national metadata repository is available and statistical releases are accompanied with metadata Centralized business register is currently used for multiple statistical products Established methods for identifying ‘births’ and ‘deaths’ of businesses IT systems are considered adequate for producing the Core Set of Economic Statistics 1 This national summary was prepared by ESCAP Statistics Division in November, 2013. Results of the Capacity Screening questionnaire were received in November, 2013 from 50 of the 58 member countries who were contacted. Further information on RPES and the Core Set is available here: http://www.unescap.org/official-documents/committee-on-statistics/session/2 2 ESCAP Statistical Yearbook for Asia and the Pacific 2014: http://www.unescap.org/resources/statistical-yearbook-asia-and-pacific-2014 NSDS information for developed countries is not included in the national summary. Technical Skills Human resources are considered adequate for producing the Core Set Documentation of internal processes and staff manuals are available Reported frequencies for indicators in the Core Set compared to RPES recommendations Table Legend Meet or Exceed Recommendations ● Below Recommendations × Unavailable or No Response Core Indicator Reported Freq. RPES recommendations Consumer price index (CPI) Monthly Quarterly Producer price index (PPI) Quarterly Quarterly Commodity price index Unavailable Monthly × External merchandise trade price indices Monthly Monthly Wages / Earnings data Quarterly Quarterly Labour costs index / Wage index Quarterly Quarterly GDP (production) nominal and real Quarterly Quarterly GDP (expenditure) nominal and real Quarterly Quarterly External trade – merchandise Monthly Monthly External trade – services Quarterly Quarterly Short-term indicator (STI) - industry output Quarterly Quarterly STI – services output Quarterly Quarterly STI – consumer demand Monthly Quarterly STI – fixed investment Quarterly Quarterly STI – inventories Unavailable Quarterly × Economy structure statistics Annually Every 5 years Productivity Ad-hoc Annually ● Integrated national accounts Unavailable Annually × Institutional sector accounts Unavailable Annually × Balance of payments (BOP) Quarterly Quarterly International investment position (IIP) Quarterly Annually External debt Quarterly Quarterly Income distribution Every 5 years Every 5 years Assets / liabilities of depository corporations Monthly Monthly Broad money and credit aggregates Monthly Monthly Interest rate statistics Daily Monthly General government operations Monthly Quarterly General government debt Monthly Quarterly Labour supply and demand Quarterly Annually Labour Market Hours worked Annually Quarterly ● Natural Resources and Environment Natural resources Unavailable Annually × Price and Costs Demand and Output Income and Wealth Money and Banking Government Summary of Responses to all 31 Indicators in the Core Set (comparison of two columns in the table above) Meet or Exceed Recommendations 24 Below Recommendations Unavailable or No Response 2 5
