Macau - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 1.90 2 2 2 1.9 2 percent
Inflation Rate 2.88 2.3 2.5 2.6 2.4 3 percent
Interest Rate 2.00 2.25 2.25 2.5 2.75 3.25 percent
Balance of Trade -6647400.00 -5556353 -5823995 -5756188 -5763098 -5761533 Thousand MOP
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 8.07
8.08 8.08 8.08 8.08 8.08
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 8.00
percent
6.4 6.9 6.5 5.8 6.9
GDP 44.80
USD Billion
44.15 45.77 65.35 72.87 80.38
GDP Constant Prices 106870.00
MOP Million
96433 100993 113817 98675 127753
Gross Fixed Capital Formation 21236.00
MOP THO
20185 18752 22616 19889 25386
GDP per capita 51511.40
USD
49132 47614 47614 50092 52875
GDP per capita PPP 96565.90
USD
92105 95322 90242 97007 100521
Gross National Product 329498.00
MOP Million
340042 340866 378989 348609 425396
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 1.90
percent
2 2 2 1.9 2
Employed Persons 380.50
Thousand
373 370 367 365 342
Unemployed Persons 7.50
Thousand
7.56 7.57 7.57 7.57 7.57
Population 0.65
Million
0.65 0.65 0.65 0.65 0.65
Wages 15500.00
MOP/Monthly
15500 15500 15500 15500 16000
Wages In Manufacturing 8800.00
MOP/Monthly
15000 15000 15000 15500 16000
Labor Force Participation Rate 70.60
percent
70.45 70.55 70.61 70.65 70.7
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.88
percent
2.3 2.5 2.6 2.4 3
Consumer Price Index CPI 112.03
Index Points
112 113 114 114 120
Inflation Rate Mom 0.32
percent
0.23 0.28 0.3 0.31 0.32
Food Inflation 2.86
percent
3 3.09 3.14 3.16 3.2
Gdp Deflator 105.80
Index Points
104 103 103 103 103
Import Prices 121.60
Index Points
108 108 108 108 108
CPI Transportation 118.02
Index Points
115 116 118 119 124
Export Prices 108.30
Index Points
108 116 109 116 109
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.00
percent
2.25 2.25 2.5 2.75 3.25
Interbank Rate 1.57
percent
1.82 1.82 2.07 2.32 2.82
Money Supply M1 78101.59
MOP Million
69598 69424 71700 72111 75600
Money Supply M2 604204.02
MOP Million
630462 639559 473000 648266 477000
Deposit Interest Rate 0.00
percent
0.31 0.32 0.33 0.44 1.67
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -6647400.00
Thousand MOP
-5556353 -5823995 -5756188 -5763098 -5761533
Exports 1030800.00
Thousand MOP
891022 904465 896671 897089 897395
Imports 7678200.00
Thousand MOP
6447375 6728460 6647673 6660187 6658927
Current Account 98442.40
MOP Million
89696 90201 177000 76422 13969
Current Account to GDP 27.50
percent
31 31 31 32 34
Tourist Arrivals 2960879.00
2907900 2920100 2710000 2914900 2960000
Terms Of Trade 99.90
Index Points
99.94 107 100 107 101
Tourism Revenues 18186.00
MOP Million
16295 16288 16289 16289 16289
Foreign Direct Investment -10819.70
MOP Million
-10786 -11203 -11621 -11927 -14007
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Budget Value 18652.59
MOP Million
16224 16224 16224 16224 16224
Government Spending 12423.00
MOP THO
8952 9201 13230 8369 14851
Government Revenues 32672.64
MOP Million
31790 31790 31790 31790 31790
Fiscal Expenditure 14020.05
MOP Million
15566 15566 15566 15566 15566
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -1.10
percent
14.79 34.13 21.54 29.74 26.48
Industrial Production Mom -27.40
percent
7.22 7.17 -2.43 2.89 3.02
Manufacturing Production 6.70
percent
12.74 13.41 14.41 14.2 11.74
Changes in Inventories -32.00
MOP THO
18.65 41.58 920 86.3 1020
Corruption Index 51.00
Points
52 52 53 53 56
Corruption Rank 46.00
47 47 46 47 48
Electricity Production 132.50
Gigawatt-hour
157 164 90 166 97
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales MoM 8.30
percent
-6.3 9.45 16.5 7 12.7
Retail Sales YoY 23.00
percent
25.55 23.51 2.5 20.11 4.8
Consumer Spending 24522.00
MOP THO
25219 25260 26116 26670 29314
Disposable Personal Income 41423.00
MOP
41843 42332 42822 43031 37009
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 258.00
Index Points
240 252 260 242 272
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 12.00
percent
12 12 12 12 12
Corporate Tax Rate 12.00
percent
12 12 12 12 12
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 28.50
celsius
25.1 28.07 20.64 16.08 22.96