Markets Actual Q1 Q2 Q3 Q4 2020
Currency 8.00 8.01 8.01 8.01 8.01 8.01
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -4.50 0.3 0.9 1.5 1.8 0.1
Unemployment Rate (%) 1.70 1.6 1.7 1.8 1.8 2
Inflation Rate (%) 2.56 3 3.2 2.9 3 3
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.5
Balance of Trade (Thousand MOP) -7531866.58 -7084740 -6000000 -6000000 -7086235 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 35 35 34
Retail Sales MoM (%) 1.30 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 Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -4.50 0.3 0.9 1.5 1.8 0.1
GDP (USD Billion) 54.55 53.2 53.2 53.2 53.2 52.7
GDP Constant Prices (MOP Million) 99656.00 102668 102559 100403 101450 101551
Gross Fixed Capital Formation (MOP THO) 14500.00 12701 13492 14718 14761 14776
GDP per capita (USD) 58054.10 56408 56408 56408 56408 55731
GDP per capita PPP (USD) 108831.30 115000 115000 115000 115000 115000
Gross National Product (MOP Million) 366753.70 367304 368404 369504 373355 373729
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.70 1.6 1.7 1.8 1.8 2
Unemployed Persons (Thousand ) 7.30 7.4 7.4 7.4 6.8 6.8
Population (Million) 0.66 0.68 0.68 0.68 0.68 0.69
Wages (MOP/Monthly) 17000.00 16500 16500 16500 17500 17500
Wages In Manufacturing (MOP/Monthly) 10000.00 15500 15500 15500 16000 16000
Labor Force Participation Rate (%) 70.10 69.7 69.7 69.7 70.2 70.2
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.56 3 3.2 2.9 3 3
Consumer Price Index CPI (points) 117.28 118 120 120 121 124
Inflation Rate Mom (%) 0.20 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) 5.31 2.9 2.9 2.9 2.4 2.4
CPI Transportation (points) 126.06 126 129 129 129 133
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.5
Interbank Rate (%) 2.43 2.43 2.18 2.18 2.18 2.68
Money Supply M2 (MOP Million) 672913.61 647000 647000 647000 655000 655000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (Thousand MOP) -7531866.58 -7084740 -6000000 -6000000 -7086235 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 35 35 34
Imports (Thousand MOP) 8663984.39 7580000 7320000 7320000 8190000 8210000
Exports (Thousand MOP) 1132117.81 1090000 1320000 1320000 1210000 1270000
Tourist Arrivals 3083406.00 3266100 3540700 2960800 3162000 3354700
Tourism Revenues (MOP Million) 15198.00 17900 17900 17900 18000 18000
Foreign Direct Investment (MOP Million) 18676.80 -14000 -14000 -14000 -14000 -14000
Government Actual Q1 Q2 Q3 Q4 2020
Government Budget Value (MOP Million) 9053.90 16800 16800 16800 16500 16500
Government Spending (MOP THO) 10502.00 8500 10118 10660 10691 10702
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) 15.00 18.8 18.8 18.8 12.6 12.6
Industrial Production Mom (%) 1.90 7.9 7.9 7.9 2.7 2.7
Manufacturing Production (%) 20.60 4.8 4.8 4.8 3.2 3.2
Changes in Inventories (MOP THO) 552.00 -17 -17 -17 -10 -10
Electricity Production (Gigawatt-hour) 55.90 78 78 78 97 97
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) 1.30 13.8 13.8 13.8 13.8 13.8
Retail Sales YoY (%) -0.70 3.6 3.2 3.2 3.8 3.4
Consumer Spending (MOP THO) 26198.00 26049 26639 26591 26670 26696
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 270.50 274 274 274 272 272


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.