MACAO, Dec. 31 -- Macao's national income per-capita reaches 520,004 patacas (about 65,172 U.S. dollars) in 2015, the special administrative region's statistics service said in its latest report on Saturday.
Macao's Statistics and Census Service (DSEC) said that Gross National Income (GNI) at current prices was 333.58 billion patacas (41.8 billion dollars) in 2015, less than Gross Domestic Product (GDP) at current prices by MOP 29.06 billion (3.64 billion dollars), representing a net external factor income outflow of the same amount equivalent to 8.0 percent of GDP in 2015, lower than the percentage (14.3 percent) registered in 2014.
In 2015, per-capita GNI was 520,004 patacas and per-capita GDP was 565,301 patacas (about 70,849 dollars).
The report showed that in 2015, total outflow of external factor income dropped by 33.0 percent year-on-year to 65.77 billion patacas (8.24 billion dollars), mainly due to a 39.9 percent decrease in direct investment income earned by some non-resident enterprises and investors from investment in Macao. Besides that, portfolio investment income and other investment income increased by 27.1 percent and 12.2 percent respectively to 965 million and 11.55 billion patacas (121 million and 1.45 billion dollars).
On the other hand, total inflow of external factor income in 2015 rose by 5.3 percent year-on-year to 36.71 billion patacas (4.6 billion dollars), attributable to an 8.4 percent increase in portfolio investment income and a 3.8 percent rise in other investment income earned by some resident enterprises and investors from abroad. Meanwhile, direct investment income also increased by 14.2 percent year-on-year to 938 million patacas (118 million dollars).
After discounting the effect of price changes, Macao's GNI and GDP in 2015 fell by 13.5 percent and 21.5 percent year-on-year respectively in real terms; meanwhile, per-capita GNI and per-capita GDP went down by 16.2 percent and 23.9 percent respectively.
The rate of decrease in GNI in real terms was smaller than that in GDP in 2015, mainly due to a significant drop in net external factor income outflow.
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.
