Principal Indicators
GNI (Million MOP) 395,036 394,062 -1.0
GDP (Million MOP) 446,429 445,118 -2.6
Per-capita GNI (MOP) 598,313 585,096 -3.0
Per-capita GDP (MOP) 676,152 660,903 -4.5
Major Components of GNI
External factor income
Total inflow 56,238 69,539 23.7
Total outflow 107,631 120,595 12.0
Net flow -51,393 -51,056 ..
Direct investment income
Inflow 2,126 1,785 -16.1
Outflow 74,129 80,512 8.6
Net flow -72,003 -78,727 ..
Portfolio investment income
Inflow 17,994 22,775 26.6
Outflow 4,121 5,365 30.2
Net flow 13,873 17,410 25.5
Other investment income
Inflow 33,188 41,512 25.1
Outflow 17,021 21,564 26.7
Net flow 16,167 19,948 23.4
Income on reserve assets
Inflow 2,929 3,467 18.4
Net flow 2,929 3,467 18.4
Compensation of employees
Outflow 12,327 13,121 6.4
Net flow -12,327 -13,121 ..
Other primary income
Outflow 33 33 -
Net flow -33 -33 ..
Note : Figures are revised according to the latest data available.
www.dsec.gov.mo 2020.12
GNI and GDP
Current pricesYear-on-year (%) 2019
2018
Current prices (Million MOP)
Real growth (%) 2019
2018
GROSS NATIONAL INCOME
2019
Alameda Dr. Carlos d' Assumpção No. 411-417, Dynasty Plaza, 17th floor, Macao Tel: (853) 8399 5311 Fax: (853) 2830 7825 E-mail : info@dsec.gov.mo Official Statistics. Reproduction of these data is allowed provided the source is quoted.
- 100 0 100 200 300 400 500
2018 2019
Billion MOP
GDP GNI Net flow of external factor income
2018 2019
Government of Macao Special Administrative Region Statistics and Census Service 統 計 暨 普 查 局
– Gross National Income (GNI) at current prices amounted to MOP 394.06 billion in 2019, which was MOP 51.06 billion less than Gross Domestic Product (GDP) at current prices (MOP 445.12 billion), representing a net external factor income outflow of the same amount that was equivalent to 11. 5% of GDP in 2019, similar to the percentage registered in 2018.
– Per-capita GNI was MOP 585,096, as compared to per-capita GDP at MOP 660,903.
– GNI and per-capita GNI decreased by 1.0% and 3.0% in real terms respectively year-on-year.
Total inflow of external factor income reflects income earned by resident enterprises and investors from abroad. In 2019, total inflow of external factor income increased by 23.7% year-on-year to MOP 69.54 billion, attributable to a 25.1% rise in other investment income (MOP 41.51 billion) and a 26.6% growth in portfolio investment income (MOP 22.78 billion) earned by some resident enterprises and investors from abroad. Meanwhile, income on reserve assets (MOP 3.47 billion) rose by 18.4% year-on-year. In contrast, direct investment income (MOP 1.78 billion) fell by 16.1%.
Total outflow of external factor income reflects income earned by non-resident enterprises and investors from investment in Macao. In 2019, total outflow of external factor income went up by 12.0%
year-on-year to MOP 120.60 billion, mainly due to an 8.6% increase in direct investment income (MOP 80.51 billion) earned by some non-resident enterprises and investors from investment in Macao.
Furthermore, other investment income (MOP 21.56 billion) and portfolio investment income (MOP 5.37 billion) recorded growth of 26.7% and 30.2% respectively.
After discounting the effect of price changes, GNI fell by 1.0%
year-on-year in real terms in 2019, as against a 2.6% decrease in GDP; meanwhile, per-capita GNI went down by 3.0% year-on-year in real terms, as compared to a 4.5% fall in per-capita GDP.
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Historical Data
GDP (Million MOP) 438,516 359,806 360,460 404,966 446,429
Net outflow of external factor income (Million MOP) 70,097 38,425 35,439 44,486 51,393
GNI (Million MOP) 368,419 321,381 325,021 360,480 395,036
Per-capita GNI (MOP) 592,457 500,984 503,245 555,439 598,313
Glossary
Gross National Income (GNI):
1.
2.
Symbols and abbreviations:
MOP - Macao Pataca .. Not applicable
For additional information:
http://www.dsec.gov.mo/e/gni.aspx 2｜Gross National Income
External factor income:
Refers to total income earned by residents of an economy from engaging in various economic activities within or outside the economy in the accounting period.
Refers to income earned by residents from investment outside an economy or by non-residents from investment within the economy, comprising direct investment income, portfolio investment income, other investment income, income on reserve assets, compensation of employees and other primary income.
2018 2017
2016 2015
2014
2019 For an institution, it refers to the producing unit that operates principally in that economy; however, for those that do not actually operate or engage in real production (e.g. holding company) but are legally incorporated in that economy, they are also considered as resident producing units.
For an individual, it 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.
Refers to individuals or institutions of an economy who maintain their centre of economic interest within the territory of that economy. In practice,
- Absolute value equals zero
Resident:
External Factor Income at Current Prices
Real Growth Rates of GNI and GDP-1.0 -2.6
-30 -20 -10 0 10 20
2015 2016 2017 2018 2019
%
GNI GDP
-60 -40 -20 0 20 40 60 80 100 120 140
2015 2016 2017 2018 2019
Billion MOP
Total inflow Total outflow Net flow
