Pedestrians donning face mask as they cross the road in Central, Hong Kong, July 28, 2020. (PARKER ZHENG/CHINA DAILY)

HONG KONG - Hong Kong's Gross National Income (GNI) decreased by 7.5 percent in the second quarter of 2020 from a year earlier, according to the Census and Statistics Department of the Hong Kong Special Administrative Region government.

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After netting out the effect of price changes over the same period, Hong Kong's GNI decreased by 8.2 percent in real terms in the second quarter of 2020 from a year earlier

Hong Kong's GNI, the total income earned by Hong Kong residents from engaging in economic activities, stood at HK$698.7 billion (about US$90 billion) at current market prices.

The gross domestic product (GDP), estimated at HK$637.9 billion at current market prices in the same quarter, recorded a 8.1 percent decrease over the same period.

After netting out the effect of price changes over the same period, Hong Kong's GNI decreased by 8.2 percent in real terms in the second quarter of 2020 from a year earlier. The corresponding GDP in the same quarter decreased by 9.0 percent in real terms.

The mainland continued to be the largest source of Hong Kong's total primary income inflow in the second quarter of 2020, accounting for 39.6 percent, the department said.  

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Hong Kong's total inflow of primary income, which mainly comprises investment income, estimated at HK$442.4 billion in the second quarter, recorded a decrease of 7.5 percent from a year earlier. Meanwhile, total primary income outflow, estimated at HK$381.6 billion, was down 8.5 percent from a year earlier.