Information from the Statistics and Census Service (DSEC) indicated that Gross National Income (GNI) at current prices increased by 18.9% year-on-year to MOP 347.78 billion in 2013, lower than Gross Domestic Product (GDP) at current prices (MOP 413.47 billion) by MOP 65.69 billion, representing a net external factor income outflow of the same amount, and equivalent to 15.9% of GDP. In 2013, per-capita GNI was MOP 586,681, up by 14.2% year-on-year; per-capita GDP was MOP 697,502, up by 15.6%.
Total outflow of external factor income reflects income earned by non-resident enterprises and investors from investment in Macao. In 2013, total outflow of external factor income reached MOP 87.70 billion, up by 26.2% year-on-year, mainly due to a 30.2% increase in direct investment income (MOP 78.96 billion) earned by some non-resident enterprises and investors from investment in Macao. Portfolio investment income (MOP 373 million) and other investment income (MOP 7.21 billion) also increased by 82.9% and 0.4% respectively.
Total inflow of external factor income reflects income earned by resident enterprises and investors from abroad. In 2013, total inflow of external factor income rose by 18.6% year-on-year to MOP 22.01 billion, attributable to a 43.3% increase in portfolio investment income (MOP 6.56 billion) and a 22.7% rise in other investment income (MOP 13.94 billion) earned by some resident enterprises and investors from abroad. On the contrary, direct investment income tumbled by 79.4%. Besides, income on reserve assets (MOP 1.20 billion) increased by 7.5% year-on-year.
After removing the effect of prices, GNI and GDP increased by 15.8% and 11.9% in real terms year-on-year; meanwhile, per-capita GNI and per-capita GDP rose by 11.1% and 7.4% respectively.
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 Macao.
