GNP, GDP improve in 4Q 2011

Hong Kong's gross national product rose 7% to $511.3 billion in the fourth quarter last year over the same period in 2010.

The Census & Statistics Department also reported that the city’s gross domestic product improved 6.5% to $505 billion.

After factoring in inflation, however, Hong Kong's GNP grew 3.4% in real terms compared to the corresponding 3% rise recorded for GDP.

Hong Kong's GNP was larger than its GDP by $6.3 billion. This represents a net external factor income inflow of the same amount and is equivalent to 1.2% of GDP in the quarter.

Money flowing into Hong Kong, estimated at $264.9 billion and equivalent to 52.4% of GDP, rose by 1.4%. Total factor income outflow, estimated at $258.6 billion and equivalent to 51.2% of GDP, saw a 0.4% increase.

Direct investment income inched downwards by 0.7%; portfolio investment income crept upwards by 0.9% while other investment income rose 72.5%.

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