Is Macau richer than HK?

Moreover, Macau's GDP per capita is seven times higher than the rest of China, highlighting the territory's position as a leading economic powerhouse within the country.

Macau has undergone significant economic growth since its handover to China in 1999. This growth has been reflected in the steady increase in the territory's GDP per capita.

Among the many factors contributing to Macau's economic success is its thriving tourism industry, which has attracted visitors from around the world. However, the territory's growth is not solely reliant on tourism, as evidenced by its diverse range of industries.

In 2018, Macau's GDP per capita, measured at purchasing power parity, reached a remarkable figure of USD 122,435. This represents a more than fourfold increase from the pre-handover era.

Macau's economic performance is particularly impressive when compared to its neighboring regions. Its GDP per capita is nearly double that of Hong Kong, a financial hub in its own right.