GNI per capita reached MOP587K last year

The Gross National Income (GNI) of Macau reached 327.78 billion patacas in 2013, a jump of 18.9 per cent year-on-year. This suggests that the GNI per capita of Macau residents was 586,681 patacas, the latest survey by the Statistics and Census Service (DSEC) shows.
According to DSEC, after removing the effect of prices, the city’s GNI in 2013 had increased by 15.8 per cent year-on-year. The growth was higher than that of Gross Domestic Product (GDP) during the same period, which was up 11. 9 per cent year-on-year.
Nevertheless, the total amount of GNI is some 65.69 billion patacas behind that of GDP, which totalled 413.47 billion patacas at current prices in 2013.
GDP and GNI are always perceived as two different sides of a coin. GNP, as defined by DSEC, refers to the total income earned by residents from an economy by engaging in various economic activities within or outside the economy, which equals GDP plus income earned by resident investors from abroad, minus income earned by non-resident investors from investment in Macau.
However, DSEC has a different definition for ‘residents’ from the authorities here in the survey. The ‘resident’ in this survey is referred to as ‘individuals or institutions of an economy who maintain their centre of economic interest within the territory of that economy’, DSEC writes.
More specifically, an individual resident refers to a person who has stayed or intends to stay in that economy for at least 12 months, irrespective of nationality or legal status.
External factor income In fact, last year, ‘non-residents’ in Macau earned more than ‘residents’ outside of the city.
In 2013, the total outflow of external factor income, which reflects income earned by non-resident enterprises and investors from investment in the Special Administrative Region, reached 87.7 billion patacas, which is a year-on-year growth of 26.2 per cent.
The increase, according to DSEC, is primarily due to the increase of some 30 per cent in direct investment income by some non-resident enterprises and investors from investment in Macau, totalling 78.96 billion patacas.
In addition, portfolio investment income and other investment income also registered increases of 82.9 per cent and 0.4 per cent, reaching 373 million patacas and 7.21 billion patacas, respectively.
Meanwhile, the total inflow of external factor income, which refers to income earned by resident enterprises and investors from aboard, also posted growth of 18.6 per cent year-on-year, reaching a total of 22.01 billion patacas.
This is attributable to the increase of 43.3 per cent in portfolio investment income of 6.56 billion patacas in 2013, as well as 22.7 per cent growth in other investment income of 13.94 billion earned by residents, enterprises and investors overseas, according to DSEC.