MACAO, December 23 – Gross National Income (GNI) refers to the total income earned by residents (including individuals and institutions) of an economy by engaging in various economic activities within or outside the economy, corresponding to the gross domestic product (GDP) plus the total income inflows from external factors (income received by residents abroad), minus the total income outflows from external factors (income received by non-residents in Macao).

GNI at current prices was MOP 242.56 billion in 2020, which is MOP 38.15 billion more than GDP at current prices (MOP 204.41 billion), which represents a net inflow of income. external factors of the same amount. In 2020, the GNI per capita was 356,001 MOP, against a GDP per capita of 300,007 MOP.

After discounting the effect of price changes, GNI fell 39.2% year-on-year in real terms in 2020, compared to a 54.0% drop in GDP. GNI per capita fell 39.9% year on year in real terms, compared to a drop of 54.5% in GDP per capita.

Total income outflow from external factors

In 2020, total external factor income outflows declined 86.0% year-on-year to MOP 16.94 billion, mainly due to lower direct investment income received by non-companies. -residents and investors from investments in Macau. In addition, other investment income (MOP 17.94 billion), compensation of employees (MOP 11.14 billion) and portfolio investment income (MOP 5.00 billion) fell by 16 , 8%, 16.4% and 6.8% respectively.

Total income input from external factors

In 2020, total external factor income inflows declined 21.7% year-on-year to MOP 55.09 billion, due to a 27.8% decline in other investment income (MOP 29.96 billion of MOP) received by resident companies and foreign investors. At the same time, income from reserve assets (MOP 2.13 billion) fell 38.7% year-on-year. In contrast, portfolio investment income (MOP 23.36 billion) increased by 2.7%.