Published:
Hong Kong first quarter GDP up 7.2%
Robust momentum in external trade regained in the first quarter boosted GDP from 6.4% in the previous quarter.
Gross Domestic Product increased by 7.2% in real terms year on year in the first quarter, compared to the 6.4% increase in the previous quarter.
The Census & Statistics Department said on Monday the net output in the import and export, wholesale and retail trades sector increased by 14% in real terms in the first quarter, from a year earlier, up on the 9.1% increase in the fourth quarter of 2010.
The accelerated growth was attributable to the strong momentum in external trade regained in the first quarter.
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