Gross national income soars in 2010

Macau’s gross national income (GNI) at current prices amounted to MOP201.88 billion (US$25.2 billion) in 2010, up by 25.0 percent in real terms. In comparison with gross domestic product for the same period, GNI was lower by MOP24.39 billion, with the difference further widening in comparison to the MOP15.34 billion registered in 2009, the Statistics and Census Service said today. GNI measures the total income earned by residents of an economy from engaging in various economic activities within or outside the economy, corresponding to GDP plus the total inflow of external factor income minus the total outflow. Having GNI indicators bellow those for GDP implies that the income earned by non-local investors from Macau was higher than the foreign investment income earned by local investors from abroad. Income earned by non-local investors from Macau increased by 35.0 percent in 2010 upon a substantial surge in direct investment income. However, foreign investment income earned by local investors from abroad declined by 5.4 percent in the same period.