Macau | Macau with highest GDP per capita in Greater Bay Area in 2016

Macau (MNA) – The Macau SAR had the highest GDP per capita at RMB466,650 (MOP598,393) of the city cluster in the Greater Bay Area in 2016 according to official data released on the Guangdong-Hong Kong-Macao Greater Bay Area website, recently launched by the Statistics and Census Service (DSEC).

The official data also reveals that the gross domestic product of the city cluster in the Greater Bay Area amounted to RMB9.22 trillion (US$1.46 trillion) in 2016, of which Hong Kong accounted for 23 per cent.

In terms of investment, about 2,214 enterprises from the Greater Bay Area were established in the MSAR in 2016.

The data reveals that of the total number of enterprises which have invested in the city 1,682 were enterprises from the neighbouring SAR, Hong Kong, accounting for some 76 per cent of the total.

Following Hong Kong is another neighbour, Zhuhai City, with 310 enterprises having invested in the MSAR.

Enterprises from the Greater Bay Area invested some MOP70.8 billion (US$8.76 million) during 2016, with those from Hong Kong accounting for a large proportion of investments at MOP68.9 billion. By contrast, given the small number of existing enterprises in the city – only 53 local companies invested in the Greater Bay Area – 27 of them chose to invest in Zhuhai City.

DSEC data shows that MOP7.96 billion had been invested by local enterprises in the Bay Area.

Meanwhile, the employed population of the city cluster in the Greater Bay Area amounted to more than 43 million in 2016, with the unemployment rate of each city holding steady at a relatively low level of between 1.9 per cent and 3.4 per cent.

The external trade of the Bay Area exceeded US$1.90 trillion, of which Hong Kong made up 52 per cent, at US$978.7 billion, followed by Shenzhen, at US$398.4 billion.

[Edited by Sheyla Zandonai]