| HK's GNP increases 10.4% in Q2 |
HONG KONG, Sept. 12 (Xinhua) -- Hong Kong's Gross National Product (GNP) in second quarter of this year rose to 426.2 billion HK dollars (54.71 billion U.S. dollars), up 10.4 percent in the same period of last year, Hong Kong Census and Statistics Department said on Friday.
According to a statistics released by the department, the Gross Domestic Product (GDP), was estimated at 404.1 billion HK dollars (51.87 billion U.S. dollars), up 6.3 percent.
Compared with the GDP, the value of Hong Kong's GNP was larger by 22 billion HK dollars (2.82 billion U.S. dollars), representing a net external factor income inflow of the same amount, and equivalent to 5.5 percent of GDP in that quarter.
After netting out the effect of price changes, Hong Kong's GNP rose 8.1 percent in real terms. This was higher than the corresponding increase of 4.2 percent recorded for GDP.
Total factor income inflow into Hong Kong, estimated at 264.7 billion HK dollars (33.98 billion U.S. dollars) and equivalent to 65.5 percent of GDP in that quarter, rose 28.8 percent over a year earlier, the department said.
Total factor income outflow, estimated at 242.7 billion HK dollars (31.15 billion U.S. dollars) and equivalent to 60 percent of GDP of the same period, also soared 21.6 percent over a year earlier.
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