HK GNI up 7.7%

2017-06-15 15:01:04

Hong Kong's Gross National Income rose 7.7% year-on-year to $647.2 billion in the first quarter, while Gross Domestic Product grew 6.3% to $627.4 billion, the Census & Statistics Department announced today.

The city?s GNI was larger than its GDP by $19.8 billion, representing a net external primary income inflow of the same amount, and equivalent to 3.2% of GDP in that quarter.

After netting out the effect of price changes, Hong Kong's GNI increased 5% in real terms compared to a year earlier, while the corresponding GDP grew 4.3%.

Total primary income inflow into Hong Kong - estimated at $294.2 billion and equivalent to 46.9% of GDP - was up 9% compared to the previous year.

Total primary income outflow - estimated at $274.4 billion and equivalent to 43.7% of GDP - increased 5.9% year-on-year.

Taking the inflow and outflow together, a net external primary income inflow of $19.8 billion was recorded in the first quarter.

Read Full Article