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People's Daily Online>>China Business

Hong Kong's GNP up 7 pct in 4Q of 2011

(Xinhua)

08:51, March 16, 2012

HONG KONG, March 15 (Xinhua) -- Hong Kong's gross national product (GNP) rose 7 percent to 511.3 billion HK dollars (about 65.9 billion U.S. dollars) in the fourth quarter, 2011 from a year ago, the city's statistics department said here Thursday.

Gross domestic product (GDP) rose 6.5 percent to 505 billion HK dollars in the fourth quarter of last year.

Compared with GDP, Hong Kong's GNP was larger by 6.3 billion HK dollars, representing a net external factor income inflow of the same amount, and equivalent to 1.2 percent of GDP in that quarter.

After netting out the effect of price changes, Hong Kong's GNP grew 3.4 percent in real terms compared to the corresponding 3 percent rise recorded for GDP.

Total factor income inflow into Hong Kong, estimated at 264.9 billion HK dollars and equivalent to 52.4 percent of GDP, increased 1.4 percent. Total factor income outflow, estimated at 258.6 billion HK dollars and equivalent to 51.2 percent of GDP, recorded a 0.4 percent increase.

Taking the inflow and outflow together, a net external factor income inflow of 6.3 billion HK dollars was recorded.

Within total factor income inflow, direct investment income decreased 0.7 percent, portfolio investment income increased 0.9 percent, while other investment income increased 72.5 percent.

Within total factor income outflow, direct investment income dropped 2.5 percent, portfolio investment income grew 25.9 percent, while other investment income increased 64.5 percent.

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