Statistics on Hong Kong's Gross National Product (GNP) and External Factor Income Flows (EFIF) for the first quarter of 2012 were released today (June 14) by the Census and Statistics Department (C&SD).
In the first quarter of 2012, Hong Kong's GNP edged up by 0.1% over a year earlier to $472.1 billion at current market prices. The Gross Domestic Product (GDP), estimated at $466.1 billion at current market prices in the same quarter, recorded a 3.2% increase over the same period. Compared with GDP, the value of GNP was larger by $6.0 billion in the first quarter of 2012, representing a net external factor income inflow of the same amount, and equivalent to 1.3% of GDP in that quarter.
After netting out the effect of price changes, Hong Kong's GNP decreased by 2.6% in real terms in the first quarter of 2012 compared with a year earlier. The corresponding GDP in the same quarter increased by 0.4%. (y)
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