Hong Kong’s GNI rises by 6.8% in Q1

Its gross national income grew to $756.1b. 

Hong Kong’s gross national income (GNI) grew by 6.8% to $756.1b in the first quarter of the year, the Census and Statistics Department (C&SD) reported. 

The city’s gross domestic product (GDP), meanwhile, grew by 4.6% to $716.6b over the same quarter. 

“The value of GNI was larger than GDP by $39.4b in the first quarter of 2023, which was equivalent to 5.5% of GDP in that quarter, mainly attributable to a net inflow of investment income,” the report noted. 

Read more: Digitally-skilled employees can boost HK’s annual GDP by US$47.5b: study 

The C&SD added that after netting out the effect of price changes, the GNI increased by 4.1% in real terms, whilst the corresponding GDP increased by 2.7%. 

Hong Kong's total inflow of primary income was particularly estimated at $434.1b in the first quarter of 2023 and equivalent to 60.6% of GDP in that quarter, recorded a significant increase of 21.2% over a year earlier. 

Total primary income outflow, estimated at $394.7 billion in the first quarter of 2023 and equivalent to 55.1% of GDP in that quarter, also increased significantly by 17.8% over a year earlier.