, Hong Kong

Gross national income inched up 3.5% to $537.3b in 1Q14

GDP also jumped 4.6%.

According to the Census & Statistics Department, Hong Kong's gross national income rose 3.5% year-on-year to $537.3 billion in the first quarter, while Gross Domestic Product grew 4.6% to $530 billion.

Hong Kong’s GNI was larger than its GDP by $7.3 billion, representing a net external primary income inflow of the same amount, and equivalent to 1.4% of GDP in that quarter.

After netting out the effect of price changes, Hong Kong's GNI increased 1.7% in real terms year-on-year and the corresponding GDP grew 2.5%.

Total primary income inflow into Hong Kong, estimated at $272 billion and equivalent to 51.3% of GDP rose 12.1% over a year earlier. Total primary income outflow, estimated at $264.7 billion and equivalent to 50% of GDP, increased 15% year-on-year. Taking the inflow and outflow together, a net external primary income inflow of $7.3 billion was recorded.

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