Hong Kong's gross national income (GNI), which denotes the total income of the residents from engaging in various economic activities, rose by 8.1 percent in the second quarter of this year over a year earlier to Hk$847.5 billion, official data showed on Monday.

The gross domestic product estimated at HK$757.3 billion at current market prices in the same quarter, recorded a 7.6 percent increase year-on-year, according to preliminary statistics released by the Census and Statistics Department.

The value of GNI was larger than GDP by HK$90.2 billion in Q2 of 2024, which was equivalent to 11.9 percent of GDP in the quarter, mainly attributable to a net inflow of investment income, said the government.

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After netting out the effect of price changes over the same period, the city’s GNI rose by 6 percent in real terms in the second quarter of this year over a year earlier. In real terms, the corresponding GDP in the same quarter increased by 3.3 percent, the data showed.

Hong Kong's total inflow of primary income, which mainly comprises investment income, estimated at HK$596.2 billion in Q2, saw a 1.9 percent increase over a year earlier. Total primary income outflow, estimated at HK$506.0 billion in the same quarter, also increased by 0.1 percent over a year earlier.

The Chinese mainland continued to be the largest source of Hong Kong's total primary income inflow in the second quarter of this year, accounting for 39.3 percent. This was followed by the British Virgin Islands, with a share of 16.6 percent, showed the data.

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Regarding total primary income outflow, the mainland and the British Virgin Islands were the most important destinations in Q2 of 2024, accounting for 37.5 percent and 19.6 percent respectively.