Macau’s Gross National Income grows 13 pct

2014-1-2

From：Macau Daily Times

Macau’s Gross National Income (GNI) at current prices amounted to MOP301.72 billion (USD37.78 billion) in 2012, up 13 percent year-on-year in real terms, according to the figures released yesterday by the city’s Statistics and Census Service.
The figure was 13.4 percent lower than Macau’s Gross Domestic Product (GDP) of 2012, which reached 348.22 billion patacas ($43.6 billion).
Besides, per-capita GNI amounted to 530,221 patacas ($66,383), 81,709 patacas lower than per-capita GDP of 611,930 patacas ($76,613).
As the income earned by non-resident investors from investment in Macau was higher than the foreign income earned by resident investors from abroad, and the value of both GNI and per-capita GNI were lower than GDP and per-capita GDP, according to the statistics agency.
Although there had always been a net outflow of external factor income in Macau, portfolio investment income and other investment income earned by resident investors from abroad rose significantly by 55.8 percent and 43.1 percent respectively in 2012, contributing to an increase of 34.1 percent year-on-year in total inflow of external factor income, higher than the increase of 21.2 percent in income earned by non-resident investors from Macau.
As a result, the difference between GNI and GDP as a percentage of GDP narrowed down slightly, from 13.5 percent in 2011 to 13.4 percent in 2012.
GNI is the total income earned by residents of an economy from engaging in various economic activities within or outside the economy, corresponding to GDP plus total inflow of external factor income minus total outflow.

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