HK gross national income up 4.6 pct in Q3

Hong Kong's gross national income (GNI) rose 4.6 percent year-on-year to 550.1 billion HK dollars ( 70.98 billion US dollars) in the third quarter, while gross domestic product (GDP) grew 4.7 percent to 549.7 billion HK dollars, the city's Census & Statistics Department said Friday.

Hong Kong's GNI was larger than its GDP by 400 million HK dollars, representing a net external primary income inflow of the same amount, and equivalent to 0.1 percent of GDP in that quarter, statistics showed.

After netting out the effect of price changes, Hong Kong's GNI increased 5.4 percent in real terms year-on-year, and the corresponding GDP grew 2.9 percent.

Total primary income inflow into Hong Kong, estimated at 285.3 billion HK dollars and equivalent to 51.9 percent of GDP, rose 7.6 percent over a year earlier. Total primary income outflow, estimated at 284.9 billion HK dollars and equivalent to 51.8 percent of GDP, increased 7.8 percent year-on-year.

Taking the inflow and outflow together, a net external primary income inflow of 400 million HK dollars was recorded.