Macau recorded a Current Account surplus of 33 percent of the country's Gross Domestic Product in 2019. source: World Bank

Current Account to GDP in Macau averaged 32.23 percent from 2002 until 2019, reaching an all time high of 43.20 percent in 2011 and a record low of 17.10 percent in 2006. This page provides - Macao Current Account To Gdp - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Macau is expected to reach 35.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Current Account to GDP is projected to trend around 34.00 percent in 2021 and 32.50 percent in 2022, according to our econometric models.

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Macau Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
33.00 35.20 43.20 17.10 2002 - 2019 percent Yearly

Macau Trade Last Previous Highest Lowest Unit
Balance of Trade -10122500.00 -7026400.00 634540.00 -12468600.00 Thousand MOP [+]
Current Account 142813.60 157998.90 178664.00 18673.00 MOP Million [+]
Current Account to GDP 33.00 35.20 43.20 17.10 percent [+]
Imports 11424678.46 7755079.11 13425600.00 730990.00 Thousand MOP [+]
Exports 1302179.59 728666.34 2377502.00 357945.69 Thousand MOP [+]
Tourist Arrivals 754541.00 427122.00 3623116.00 11041.00 [+]
Capital Flows 95503.00 139586.80 149652.10 -19805.60 MOP Millions [+]
Foreign Direct Investment -38642.80 -19964.00 9467.00 -40626.00 MOP Million [+]
Terms Of Trade 99.90 100.50 110.20 89.90 points [+]
Tourism Revenues 1012.00 0.00 18419.00 0.00 MOP Million [+]

Macau Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.