GNP up 6.9% in 4Q 2010

Hong Kong's Gross National Product grew to $477.2 billion, while GDP rose 8.1% to $477.7 billion.

According to Hong Kong Information Services Department, both the GNP and GDP are on the rise.

After netting out the effect of price changes, GNP rose 5% in real terms in the fourth quarter yoy while increase in GNP was 6.2%.

The Mainland continued to be the largest source of Hong Kong’s external factor income inflow in Q4, accounting for 38.9%. This was followed by the British Virgin Islands with a share of 32.5%. Regarding external factor income outflow, the Mainland and the British Virgin Islands remained the most important destinations in Q4, accounting for 31.1% and 26.8%.

For last year as a whole, Hong Kong’s GNP increased 7.2% over a year earlier to $1.7847 trillion at current market prices. The difference of $36.6 billion from GDP for the same year, estimated at $1.7481 trillion, represented a net factor income inflow of the same amount and equivalent to 2.1% of GDP in the year.