Markets Actual Q3 Q4 Q1 Q2 2021
Currency 7.98 7.98 7.98 7.98 7.98 7.98

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -48.70 -8 1.8 0.1 1 0.1
Unemployment Rate (%) 2.50 2.6 2.7 2.9 2.8 3
Inflation Rate (%) 0.94 1.2 3 3 2.8 3
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (Thousand MOP) -4327300.00 -6000000 -7086235 -6980000 -6980000 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 34 34 34
Retail Sales MoM (%) 14.80 13.8 13.8 13.8 13.8 13.8
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -48.70 -8 1.8 0.1 1 0.1
GDP (USD Billion) 53.86 51.8 51.8 53.7 53.7 53.7
GDP Constant Prices (MOP Million) 54397.00 95670 106778 54451 54941 106885
Gross Fixed Capital Formation (MOP THO) 8257.00 13340 18391 8265 8340 18410
GDP per capita (USD) 55110.50 54510 54510 55731 55731 55731
GDP per capita PPP (USD) 123965.30 115000 115000 115000 108164 126165
Gross National Product (MOP Million) 397997.00 382077 405161 398395 401977 405566

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 2.50 2.6 2.7 2.9 2.8 3
Unemployed Persons (Thousand ) 10.10 7.4 6.8 6.8 6.8 6.8
Population (Million) 0.67 0.68 0.68 0.69 0.69 0.69
Labor Force Participation Rate (%) 70.80 69.7 70.2 70.2 70.2 70.2
Wages (MOP/Monthly) 16000.00 16500 17500 17500 17500 17500
Wages In Manufacturing (MOP/Monthly) 10800.00 15500 16000 16000 16000 16000

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.94 1.2 3 3 2.8 3
Consumer Price Index CPI (points) 116.90 118 121 121 120 124
Inflation Rate Mom (%) -0.43 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) 3.73 2.9 2.4 2.4 2.4 2.4
CPI Transportation (points) 121.77 127 130 129 125 134

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.47 0.81 0.81 0.81 0.81 0.81
Money Supply M2 (MOP Million) 712227.00 647000 655000 655000 655000 655000
Deposit Interest Rate (%) 0.24 0.1 0.1 0.1 0.1 0.1

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (Thousand MOP) -4327300.00 -6000000 -7086235 -6980000 -6980000 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 34 34 34
Imports (Thousand MOP) 5103500.00 7320000 8190000 8190000 8190000 8210000
Exports (Thousand MOP) 775200.00 1320000 1210000 1210000 1210000 1270000
Tourist Arrivals 22556.00 95500 100000 1150000 1150000 3354700
Tourism Revenues (MOP Million) 16243.00 17900 18000 18000 18000 18000
Foreign Direct Investment (MOP Million) -19964.00 -9189 -9189 -9006 -9006 -9006

Government Actual Q3 Q4 Q1 Q2 2021
Government Budget Value (MOP Million) 1499.63 16800 16500 16500 16500 16500
Government Spending (MOP THO) 9055.00 9662 13597 9064 9146 13611

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

Business Actual Q3 Q4 Q1 Q2 2021
Industrial Production (%) 22.90 18.8 12.6 12.6 12.6 12.6
Industrial Production Mom (%) 2.60 7.9 2.7 2.7 2.7 2.7
Manufacturing Production (%) 17.60 4.8 3.2 3.2 3.2 3.2
Changes in Inventories (MOP THO) 404.00 -17 -10 -10 -10 -10
Electricity Production (Gigawatt-hour) 52.00 78 97 97 97 97

Consumer Actual Q3 Q4 Q1 Q2 2021
Retail Sales MoM (%) 14.80 13.8 13.8 13.8 13.8 13.8
Retail Sales YoY (%) -44.80 3.5 3.8 3.8 3.8 3.4
Consumer Spending (MOP THO) 22765.00 24102 27721 22788 22993 27749

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 264.70 267 267 266 266 266


This page has economic forecasts for Macau including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Macau economy.