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Macao's per capita income reaches 611,999 patacas in 2014

Xinhua, December 30, 2015 Adjust font size:

Macao's Gross National Income (GNI) at current prices amounted to 380.23 billion patacas (about 47.63 billion U.S. dollars) in 2014, up 6.7 percent year-on-year in real terms, the region's Statistics and Census Service(DSEC) said in a press release on Wednesday.

Meanwhile, Macao's per-capita GNI in 2014 rose 1.8 percent to 611,999 patacas, said the release.

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.

According to the DSEC figure, the total outflow of external factor income which reflects the income earned by non-resident enterprises and investors from investment in Macao reached 98.13 billion patacas, up by 11.9 percent year-on-year, while the total inflow of external factor income that reflects income earned by resident enterprises and investors from abroad climbed by 53.5 percent year-on-year to 35.06 billion patacas.

As export prices of goods and services grew further than the import prices of goods and services, the external real purchasing power of Macao rose, which was reinforced by the decrease in the net outflow of external factor income over 2013, GNI increased by 6.7 percent in real terms and per-capita GNI also rose by 1.8 percent in real terms. Endit