Economic Trend News
- Hong Kong's GDP up 6.9% in second quarter
Date: 17-Sep-2007 Sources: (Xinhua Online)
HONG KONG, Sept. 14 (Xinhua) -- Hong Kong's Gross Domestic Product (GDP) increased 6.9 percent in real terms for the second quarter year on year, while its Gross National Product (GNP) rose 10.8 in real terms, according to statistics released Friday by the Hong Kong Census and Statistics Department.
In the second quarter of 2007, Hong Kong's GDP, estimated at 375.3 billion HK dollars (48.1 billion U.S. dollars) at current market prices in the same quarter, recorded a 7.7 percent increase during the period. After netting out the effect of price changes, Hong Kong's GDP increased by 6.9 percent in real terms.
Hong Kong's GNP increased by 11.8 percent in the second quarter over a year earlier to 381.4 billion HK dollars (48.9 billion U.S. dollars) at current market prices. After netting out the effect of price changes, Hong Kong's GNP increased by 10.8 percent in real terms.
Total factor income inflow into Hong Kong, estimated at 205.6 billion HK dollars (26.4 billion U.S. dollars) in the second quarter of 2007 and equivalent to 54.8 percent of GDP in that quarter, increased substantially by 25.5 percent over a year earlier.
Total factor income outflow, estimated at 199.5 billion HK dollars (25.6 billion U.S. dollars) in the second quarter of 2007 and equivalent to 53.2 percent of GDP of the same period, also recorded an increase of 16.4 percent over a year earlier.
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