External direct investment in Macau increased 662.4% year-on-year to 26.86 billion patacas (US$3.35 billion) in 2018 as gambling and banking investors reinvested more profits, reported the Statistics and Census Bureau.
External direct investment flows from gaming and financial activities totaled 19.01 billion patacas and 7.38 billion patacas, respectively. Property development, leasing and sales were down by 1.16 billion patacas.
In terms of the country/territory of residence of direct investors, the flow came mainly from the British Virgin Islands (10.53 billion patacas), mainland China (5.93 billion patacas), the Cayman Islands (5.27 billion patacas) and Hong Kong (4.07 billion patacas).
External direct investment income totalled 72.33 billion patacas during the year under review, up 18.8% year-on-year. Financial activities (13.62 billion patacas) and wholesale and retail trade (8.03 billion patacas) grew by 15.0%, 14.5% and 61.4%, respectively.
External direct investment stocks totaled 292.83 billion patacas at the end of 2018, up 9.8% year-on-year, and from Hong Kong reached 84.03 billion patacas, up 6.9% on year.
Investment from the British Virgin Islands (80.79 billion patacas), mainland China (51.32 billion patacas) and the Cayman Islands (46.06 billion patacas) increased 14.9%, 9.4% and 9.1%, respectively, with the gaming industry reaching 132.52 billion patacas (+17.7% over 2017), of which 43.8% came from the British Virgin Islands and 32.3% from the Cayman Islands. (Macauhub)