Hong Kong’s gross national income inches up by 0.3% in Q3

The city’s GDP meanwhile dipped by 0.2%.

Hong Kong’s gross national income increased by 0.3% in the third quarter of 2022 to $792.7b, according to recent government data.

The Gross Domestic Product (GDP), estimated at $729.8b at current market prices in the same quarter, recorded a 0.2% decrease compared to a year earlier. The value of GNI was larger than GDP by $62.8b in the third quarter of 2022, which was equivalent to 8.6% of GDP in that quarter, mainly attributable to a net inflow of investment income.

After netting out the effect of price changes over the same period, Hong Kong's GNI decreased by 2.6% in real terms in the third quarter of 2022 from a year earlier. The corresponding GDP in the same quarter decreased by 4.5% in real terms.
      
Hong Kong's total inflow of primary income, which mainly comprises investment income, estimated at $480.2 billion in the third quarter of 2022 and equivalent to 65.8% of GDP in that quarter, recorded an increase of 7.8% over a year earlier. Meanwhile, total primary income outflow, estimated at $417.4 billion in the third quarter of 2022 and equivalent to 57.2% of GDP in that quarter, also increased by 7.9% over a year earlier.