China News Agency, Hong Kong, March 30. The Hong Kong SAR Government's Census and Statistics Department released preliminary statistics on the total income and related figures of Hong Kong residents in the fourth quarter of 2019 and the full year of 2019. For the full year of 2019, Hong Kong's total local residents' income at current market prices rose by 1.6% over the previous year to 3.0163 trillion yuan (HK $, the same below).
The data shows that the total income of Hong Kong residents (referred to the total income earned by Hong Kong residents through engaging in various economic activities) calculated at the current market price in the fourth quarter of 2019 fell by 0.6% to 767.2 billion yuan (HK $, Same below).
The GDP in the same quarter at current market prices was estimated at 744.4 billion yuan, a year-on-year decrease of 1.2%. The total income of local residents in the fourth quarter of 2019 was 22.9 billion yuan more than the GDP, which was equivalent to 3.1% of GDP in the quarter, mainly due to the net inflow of investment income.
From the data of the whole year of 2019, this is 148.2 billion yuan more than the 28.682 billion yuan of GDP in the same year, indicating that there is an equal amount of net inflow of primary income, which is equivalent to 5.2% of the GDP of the year. The total inflow of initial income for the whole year of 2019 was 1,670.6 billion yuan, equivalent to 58.2% of GDP over the same period, while the total outflow of initial income for the same period was 1,522.5 billion, equivalent to 53.1% of GDP over the same period. After deducting the effect of price changes, Hong Kong's total local residents' income in 2019 fell by 1.1% in real terms from 2018.
Analysed by country / region, in the fourth quarter of 2019, Mainland China continued to be the most important source of Hong Kong's total inflow of initial income, accounting for 42.3% of the total inflow in the quarter. This was followed by the British Virgin Islands at 22.8%. In terms of total outflow of initial income, the British Virgin Islands and Mainland China continued to be the most important destinations in the fourth quarter of 2019, accounting for 26.7% and 24.8% of the total outflow during the quarter, respectively. (Finish)