, Hong Kong

Gross national income up 10.1% in Q2

Meanwhile, Hong Kong's GDP increased by 7.3% in the same quarter.

Hong Kong's gross national income (GNI) increased by 10.1% in the second quarter of 2021 over a year earlier to $760.3b (approximately US$97.7b) at current market prices, according to the latest data from the Census and Statistics Department (C&SD).

The gross domestic product (GDP), estimated at $676.2b (US$86.9b) at current market prices in the same quarter, or a 7.3% increase year-on-year. The value of GNI was bigger than GDP by $84.2b (US$10.8b) in the second quarter of 2021, which was equivalent to 12.4% of GDP in that quarter, mainly attributable to a net inflow of investment income.

The total inflow of primary income came at $478.7b (US$96.3b) in the second quarter of 2021 and is equivalent to 70.8% of GDP, an increase of 8.2% over a year earlier.

Meanwhile, total primary income outflow was estimated at $394.5b (US$50.7b) in the second quarter of 2021, which is equivalent to 58.3% of GDP in that quarter. This also translates to a year-on-year increase of 3.4%.

Statistics on GDP and GNI from 2019 onwards and primary income flows from 2020 are subject to revision when more data become available.

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