Statistics on Hong Kong's Gross National Product (GNP) and External Factor Income Flows (EFIF) for the third quarter of 2007 are released December 14 by the Census and Statistics Department.
In the third quarter of 2007, Hong Kong's GNP increased by 9.3% over a year earlier to $424.5 billion at current market prices. The Gross Domestic Product (GDP), estimated at $413.8 billion at current market prices in the same quarter, recorded a 9.8% increase during the period.
Compared with GDP, the value of Hong Kong's GNP was larger by $10.7 billion in the third quarter of 2007, representing a net external factor income inflow of the same amount, and equivalent to 2.6% of GDP in that quarter.
After netting out the effect of price changes, Hong Kong's GNP increased by 5.8% in real terms in the third quarter of 2007 over a year earlier. This was lower than the corresponding increase of 6.2% recorded for GDP in the same quarter.
Total factor income inflow into Hong Kong, estimated at $224.4 billion in the third quarter of 2007 and equivalent to 54.2% of GDP in that quarter, increased markedly by 38.6% over a year earlier.
At the same time, total factor income outflow, estimated at $213.7 billion in the third quarter of 2007 and equivalent to 51.6% of GDP of the same period, also recorded a significant increase of 41.9% over a year earlier. Taking the inflow and outflow together, a net external factor income inflow of $10.7 billion was recorded in the third quarter of 2007.
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