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Macau’s GNI rises 10.3 pct in 2017

Macau’s gross national income (GNI) rose by 10.3 percent year-on-year in real terms in 2017, while per-capita GNI went up by 9.7 percent year-on-year in real terms

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UPDATED: 22 Dec 2023, 5:49 am

Macau’s gross national income (GNI) rose by 10.3 percent year-on-year in real terms in 2017, while per-capita GNI went up by 9.7 percent year-on-year in real terms, the Statistics and Census Bureau (DSEC) said Thursday.

According to a DSEC statement, GNI at current prices amounted to 372.96 billion patacas last year, which was 32.83 billion patacas less than gross domestic product (GDP) at current prices in 2017, representing a net external factor income outflow of the same amount that was equivalent to 8.1 percent of GDP in 2017, slightly lower than the percentage (8.2 percent) recorded in 2016.

In 2017, per-capita GNI was 574,668 patacas, as compared to per-capita GDP at 625,254 patacas, the report added.

GNI refers to the total income earned by residents of an economy from engaging in various economic activities within or outside the economy, corresponding to GDP plus income earned by resident investors from abroad, minus income earned by non-resident investors from investment in Macau.

Total outflow of external factor income reflects income earned by non-resident enterprises and investors from investment in Macau. In 2017, total outflow of external factor income went up by 21.8 percent year-on-year to 75.01 billion patacas.

Total inflow of external factor income reflects income earned by resident enterprises and investors from abroad. In 2017, total inflow of external factor income increased by 32.6 percent year-on-year to 42.18 billion patacas.

UPDATED: 22 Dec 2023, 5:49 am

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