Hong Kong GNP Rises 7.2% in 2010

The Census and Statistics Department of Hong Kong announced on Monday the city's Gross National Product (GNP) rose 7.2 percent year-on-year to 1,784.7 billion HK dollars at current market prices.

After netting out the effect of price changes, Hong Kong's GNP climbed 6.2 percent in real terms in 2010 from a year earlier.

In the fourth quarter of 2010, GNP grew 6.9 percent over a year earlier to 477.2 billion HK dollars at current market prices.

The Gross Domestic Product (GDP), estimated at 477.7 billion HK dollars at current market prices in the same quarter, recorded a 8. 1 pct rise during the period.

The value of GNP was 0.5 billion HK dollars less than GDP in the fourth quarter of 2010, representing a net external factor income outflow of the same amount, and equivalent to 0.1 percent of GDP in that quarter.

After netting out the effect of price changes, Hong Kong's GNP increased by 5 percent in real terms in the fourth quarter over a year earlier, with a corresponding increase of 6.2 percent in GDP.