Economy - overview:
After opening up its locally-controlled casino industry to foreign competition in 2001, the territory attracted tens of billions of dollars in foreign investment, transforming Macau into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau's gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for more than 70% of total government revenue. In 2008, Macau introduced measures to cool the rapidly developing sector. Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010, largely on the back of tourism from mainland China and the gaming sectors. This city of nearly 552,300 hosted nearly 25 million visitors in 2010. Almost 53% came from mainland China. Macau's traditional manufacturing industry slowed greatly since the termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) between Macau and mainland China that came into effect in January 2004 offers Macau-made products tariff-free access to the mainland; nevertheless, China is Macau's second largest goods export market, behind Hong Kong, and followed by the United States. However, exports in 2010 were less than US$900 million, while gaming receipts were almost US$24 billion, a 58% increase over 2009. Macau continues to face the challenges of managing its growing casino industry, money laundering, and the need to diversifying the economy away from heavy dependence on gaming revenues. Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Macau on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Macau Economy 2012 information contained here. All suggestions for corrections of any errors about Macau Economy 2012 should be addressed to the CIA.
$18.47 billion (2009 est.)
country comparison to the world: 130
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$22.1 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
1% (2009 est.)
country comparison to the world: 187
[see also: GDP - real growth rate country ranks ]
$33,000 (2009)
country comparison to the world: 39
[see also: GDP - per capita country ranks ]
agriculture: 0.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 2.8%
[see also: GDP - composition by sector - industry country ranks ]
services: 97.1% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
330,900 (2010 est.)
country comparison to the world: 161
[see also: Labor force country ranks ]
manufacturing: 4.3%
construction: 8.7%
transport and communications: 5.5%
wholesale and retail trade: 13.3%
restaurants and hotels: 12.7%
gambling: 13.3%
public sector: 6.7%
financial services: 2.4%
other services and agriculture: 33.2% (2010)
2.9% (2010)
country comparison to the world: 24
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
10.6% of GDP (2011 est.)
country comparison to the world: 182
[see also: Investment (gross fixed) country ranks ]
revenues: $10.98 billion
[see also: Budget revenues country ranks ]
expenditures: $4.288 billion (2011 est.)
[see also: Budget expenditures country ranks ]
49.7% of GDP (2011 est.)
country comparison to the world: 17
[see also: Taxes and other revenues country ranks ]
30.3% of GDP (2011 est.)
country comparison to the world: 1
[see also: Budget surplus (+) or deficit (-) country ranks ]
3.9% (2011 est.)
country comparison to the world: 89
[see also: Inflation rate (consumer prices) country ranks ]
5.3% (31 December 2011 est.)
country comparison to the world: 158
[see also: Commercial bank prime lending rate country ranks ]
$2.901 billion (31 December 2011 est.)
country comparison to the world: 116
[see also: Stock of narrow money country ranks ]
$28.2 billion (31 December 2011 est.)
country comparison to the world: 77
[see also: Stock of broad money country ranks ]
$1.372 billion (31 December 2010 est.)
country comparison to the world: 149
[see also: Stock of domestic credit country ranks ]
$46.1 billion (31 February 2011 est.)
country comparison to the world: 95
[see also: Market value of publicly traded shares country ranks ]
only 2% of land area is cultivated, mainly by vegetable growers; fishing, mostly for crustaceans, is important; some of the catch is exported to Hong Kong
tourism, gambling, clothing, textiles, electronics, footwear, toys
-23.7%
country comparison to the world: 166
[see also: Industrial production growth rate country ranks ]
1.1 billion kWh (2010 est.)
country comparison to the world: 145
[see also: Electricity - production country ranks ]
3.66 billion kWh (2010 est.)
country comparison to the world: 122
[see also: Electricity - consumption country ranks ]
0 kWh (2010 est.)
[see also: Electricity - exports country ranks ]
2.79 billion kWh (2010 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 193
[see also: Oil - production country ranks ]
17,000 bbl/day (2010 est.)
country comparison to the world: 134
[see also: Oil - consumption country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 187
[see also: Oil - exports country ranks ]
15,400 bbl/day (2009 est.)
country comparison to the world: 129
[see also: Oil - imports country ranks ]
0 cu m (2010 est.)
country comparison to the world: 211
[see also: Natural gas - production country ranks ]
154.7 million cu m (2010)
country comparison to the world: 101
[see also: Natural gas - consumption country ranks ]
0 cu m (2010 est.)
country comparison to the world: 137
[see also: Natural gas - exports country ranks ]
154.5 million cu m (2010 est.)
country comparison to the world: 69
[see also: Natural gas - imports country ranks ]
174,000 cu m (2010 est.)
country comparison to the world: 104
[see also: Natural gas - proved reserves country ranks ]
$6.238 billion (2009 est.)
country comparison to the world: 32
[see also: Current account balance country ranks ]
$870 million (2010 est.)
country comparison to the world: 158
note: includes reexports
[see also: Exports country ranks ]
clothing, textiles, footwear, toys, electronics, machinery and parts
Hong Kong 43.1%, China 15.8%, US 11.2%, Germany 4% (2010 est.)
$5.5 billion (2010 est.)
country comparison to the world: 116
[see also: Imports country ranks ]
raw materials and semi-manufactured goods, consumer goods (foodstuffs, beverages, tobacco), capital goods, mineral fuels and oils
China 31.1%, Hong Kong 10.5%, France 9.2%, Japan 8.6%, US 5.9% (2010 est.)
$23.73 billion (2010) (2010)
country comparison to the world: 54
[see also: Reserves of foreign exchange and gold country ranks ]
$0 (2010)
country comparison to the world: 200
[see also: Debt - external country ranks ]
$12.1 billion (2008 est.)
country comparison to the world: 80
[see also: Stock of direct foreign investment - at home country ranks ]
$240 million (2009 est.)
country comparison to the world: 80
[see also: Stock of direct foreign investment - abroad country ranks ]
patacas (MOP) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12