t of living. Prospects for
1995-96 remain bright so long as major trading partners continue to be
reasonably prosperous and so long as investors feel China will support
free market practices after the takeover in 1997.

National product: GDP - purchasing power parity - $136.1 billion (1994
est.)

National product real growth rate: 5.5% (1994 est.)

National product per capita: $24,530 (1994 est.)

Inflation rate (consumer prices): 8.5% (1994)

Unemployment rate: 1.9% (1994 est.)

Budget:
revenues: $19.2 billion
expenditures: $19.7 billion, including capital expenditures of $NA
(FY93/94)

Exports: $168.7 billion (including re-exports of $121.0 billion
)(f.o.b., 1994 est.)
commodities: clothing, textiles, yarn and fabric, footwear, electrical
appliances, watches and clocks, toys
partners: China 32%, US 23%, Germany 5%, Japan 5%, UK 3% (1993 est.)

Imports: $160 billion (c.i.f., 1994 est.)
commodities: foodstuffs, transport equipment, raw materials,
semimanufactures, petroleum; a large share is re-exported
partners: China 36%, Japan 19%, Taiwan 9%, US 7% (1993 est.)

External debt: none (1993)

Industrial production: growth rate 2% (1993 est.)

Electricity:
capacity: 8,930,000 kW
production: 33 billion kWh
consumption per capita: 4,628 kWh (1993)

Industries: textiles, clothing, tourism, electronics, plastics, toys,
watches, clocks

Agriculture: minor role in the economy; local farmers produce 26%
fresh vegetables, 27% live poultry; 8% of land area suitable for
farming

Illicit drugs: a hub for Southeast Asian heroin trade; transshipment
and major financial and money-laundering center; increasing indigenous
amphetamine and cocaine abuse

Economic aid:
recipient: US commitments, including Ex-Im (FY70-87), $152 million;
Western (non-US) countries, ODA and OOF bilateral commitments
(1970-89), $923 million

Currency: 1 Hong Kong dollar (HK$) = 100 cents

Exchange rates: Hong Kong dollars (HK$) per US$ - 7.800 (1994), 7.800
(1993), 7.741 (1992), 7.771 (1991), 7.790 (1990); note - linked to the
US dollar at the rate of about 7.8 HK$ per 1 US$ since 1985

Fiscal year: 1 April - 31 March

@Hong Kong:Transportation

Railroads:
total: 35 km
standard gauge: 35 km 1.435-m gauge

Highways:
total: 1,100 km
paved: 794 km
unpaved: gravel, crushed stone, earth 306 km

Ports: Hong Kong

Merchant marine:
total: 217 ships (1,000 GRT or over) total