Macau’s Gross National Income reaches US$46.62 billion in 2017

28 December 2018

Gross National Income (GNI) at current prices in Macau reached 372.96 billion patacas (US$46.620 billion) in 2017, an increase of 10.3% compared to the value reached in 2016, according to official information.

The Statistics and Census Bureau also reported that gross national income per capita amounted to 574,668 patacas (US$ 71,833), 9.7% more than in 2016 and Gross Domestic Product per capita reached 625,254 patacas (US$78,156), 9.2% more than a year earlier.

When compared to the Gross Domestic Product (GDP) of 2017 at current prices (405.790 billion patacas), GNI was lower by 32.83 billion patacas, with this amount representing the net outflows of external factor incomes.

The total outflows from external factors, which refer to income obtained by non-resident companies and investors in the territory, totalled 75.01 billion patacas in 2017, rising by 21.8% year-on-year, mainly due to direct investment income (58.71 billion patacas) increasing by 22.7%.

Total inflows of external factors totalled 42.18 billion patacas, up 32.6% from 2016, mainly due to income from other investments (23.00 billion patacas) and investment portfolio income (15.48 billion patacas) increasing by 23.8% and 37.0%, respectively.

GNI refers to the total income that residents of an economy derive from performing economic activities within and outside that economy, which corresponds to GDP plus income obtained by resident investors who have invested abroad, minus income earned by non-resident investors in Macau. (macauhub)