Gross national income reaches 406 billion patacas

Gross national income at current prices amounted to 406.02 billion (about $50.63 billion) in 2018, according to the latest data released by the Statistics and Census Service, MOP38.64 billion less than gross domestic product at current prices.

At the same time per capita gross national income was MOP614,950, compared to per capita gross domestic product of MOP673,481.

Gross national income refers to the total income earned by residents (including individuals and institutions) of an economy from engaging in various economic activities within or outside the economy. It corresponds to gross domestic product plus income earned by residents from abroad, minus income earned by non-residents from investment in Macau.

In 2018, the total outflow of external factor income went up by 23.1% year-on-year to MOP94.91 billion, mainly due to a 19% increase in direct investment income earned by some non-resident enterprises and investors from investment in Macau.

After discounting the effect of price changes, gross national income rose by 6.8% year-on-year in real terms in 2018, as against a 5.4% increase in gross domestic product.

Meanwhile, per capita gross national income went up by 5% year-on-year in real terms, as compared to a 3.6% growth in per capita gross domestic product. DB