HONG KONG - Hong Kong's gross national product (GNP) in the fourth quarter of 2009 dropped 0.7 percent year-on-year to HK$456.2 billion ($58.8 billion), the HK Special Administrative Region government said Monday.
The Census and Statistics Department said that the gross domestic product (GDP) in the same quarter rose 2.8 percent to HK$446 billion.
For 2009 as a whole, HK's GNP fell 4.3 percent over a year earlier, to HK$1,683 billion at current market prices. After netting out the effect of price changes, the GNP dropped 4.4 percent in real terms in 2009.
In real terms, the fourth quarter GNP also went down 0.9 percent compared to the corresponding rise of 2.6 percent in GDP.
The difference between Hong Kong's GDP and GNP in the fourth quarter of last year represented a net external factor income inflow of HK$10.2 billion, which was equivalent to 2.3 percent of GDP in the quarter.
The total difference between the GDP and GNP represented a net factor income inflow of HK$49.4 billion, which was equivalent to 3 percent of GDP in the year.
