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Macro
Macau is set to overtake Qatar as richest according to IMF
CKN
2018/08/10 09:53:38
203

Aug 10, 2018 (China Knowledge) - The International Monetary Fund (IMF) has projected Macau, a Special Administrative Region (SAR) of China, to reach USD 143,116 per capita by 2020. This could Macau, an autonomous territory on the Pearl River Delta comprising of Hong Kong SAR, Guangzhou, Shenzhen, Zhuhai, and several other major cities in Guangdong Province, to be the richest city in the world.

The SAR better known as the gaming mecca in the southern part of China will see its GDP to further boost to USD 172,681 by 2023 published in IMF’s Global Economic Outlook. At the beginning of this century Macau’s GDP per capital was only USD 34,500, according to IMF data.

The 2023 project on Macau by IMF also means the gap with Qatar could distance the oil-rich Middle East nation by some 10%. While other places that will top the list by 2020 include Singapore, Norway, Ireland, Norway, U.A.E and Luxembourg.

Besides Macau and Hong Kong, some Chinese prefecture-level cities and the 5 municipalities are seeing the mushroom of special theme mega industrial areas and townships with high GDP per capita. Some notably ones include Beijing E-Town that attracted world’s most advance tech and biomedical companies, and Yuhuangshan Nan’s private equity town could attract some RMB 2 trillion registered investment financial funds.

Today large populated cities and municipalities in China with GDP over USD 10,000 per capital numbered more than 90.

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