Hong Kong’s Gross National Income (GNI) fell 0.6% year-on-year to $767.2 billion in the fourth quarter last year, while Gross Domestic Product (GDP), estimated at $744.4 billion, fell 1.2% in the quarter, the Census & Statistics Department announced today.

The city’s GNI, which denotes the total income earned by Hong Kong residents from engaging in economic activities, was larger than GDP by $22.9 billion in the fourth quarter.

After netting out the effect of price changes, Hong Kong’s GNI decreased 3.3% in real terms in the fourth quarter from a year earlier, while the corresponding GDP fell 2.9%.

Total primary income inflow into Hong Kong, estimated at $383.2 billion in the quarter and equivalent to 51.5% of GDP, was up 0.6% compared to a year earlier.

Total primary income outflow, estimated at $360.3 billion and equivalent to 48.4% of GDP, decreased 0.7% year-on-year.