Markets Actual Q2 Q3 Q4 Q1 2020
Currency 8.08 8.09 8.09 8.09 8.09 8.09
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.10 2.5 2.7 3 3.2 3.5
Unemployment Rate (%) 1.70 1.9 1.9 1.9 1.9 2
Inflation Rate (%) 2.79 2.6 3.7 3.3 3 3
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Balance of Trade (Thousand MOP) -4751760.00 -7085104 -7279332 -7084740 -7084740 -7086235
Current Account (MOP Million) 134526.90 125000 125000 125000 154000 154000
Current Account to GDP (%) 27.50 32 32 32 34 34
Retail Sales MoM (%) 1.90 -3 8.4 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 Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.10 2.5 2.7 3 3.2 3.5
GDP (USD Billion) 50.36 55.2 55.2 55.2 60.5 60.5
GDP Constant Prices (MOP Million) 109869.00 102463 102595 113165 113385 117126
Gross Fixed Capital Formation (MOP THO) 19699.00 18132 15460 20290 20329 21000
GDP per capita (USD) 55936.80 56500 56500 56500 56920 56920
GDP per capita PPP (USD) 104861.90 112000 112000 112000 115000 115000
Gross National Product (MOP Million) 366753.70 371338 371705 377756 378490 390978
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 1.70 1.9 1.9 1.9 1.9 2
Unemployed Persons (Thousand ) 6.90 6.8 7.1 7.4 7.4 6.8
Population (Million) 0.65 0.67 0.67 0.66 0.67 0.67
Wages (MOP/Monthly) 16000.00 16500 16500 16500 16500 17500
Wages In Manufacturing (MOP/Monthly) 13000.00 15000 15200 15500 15500 16000
Labor Force Participation Rate (%) 71.50 70.1 69.9 69.7 69.7 70.2
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.79 2.6 3.7 3.3 3 3
Consumer Price Index CPI (Index Points) 115.31 116 118 118 119 122
Inflation Rate Mom (%) 0.68 0.1 0.2 0.2 0.2 0.3
Food Inflation (%) 2.51 2.7 3.2 2.9 2.9 2.4
CPI Transportation (Index Points) 123.38 122 125 124 127 128
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Interbank Rate (%) 1.60 1.6 1.6 1.6 1.6 1.6
Money Supply M2 (MOP Million) 654236.93 634000 642000 647000 647000 655000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (Thousand MOP) -4751760.00 -7085104 -7279332 -7084740 -7084740 -7086235
Current Account (MOP Million) 134526.90 125000 125000 125000 154000 154000
Current Account to GDP (%) 27.50 32 32 32 34 34
Tourist Arrivals 3545701.00 2762900 2782600 2820000 2820000 2960000
Tourism Revenues (MOP Million) 18352.00 17400 17700 17900 17900 18000
Foreign Direct Investment (MOP Million) 18676.80 -12500 -12500 -12500 -14000 -14000
Government Actual Q2 Q3 Q4 Q1 2020
Government Spending (MOP THO) 12817.00 9349 9964 13202 13227 13664
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) -24.20 30.9 23.7 18.8 18.8 12.6
Industrial Production Mom (%) 18.70 4.5 5.8 7.9 7.9 2.7
Manufacturing Production (%) 13.70 5.2 5.1 4.8 4.8 3.2
Changes in Inventories (MOP THO) -344.00 -19 -267 -17 -17 -10
Electricity Production (Gigawatt-hour) 75.30 82.3 80.9 78 78 97
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales MoM (%) 1.90 -3 8.4 13.8 13.8 13.8
Retail Sales YoY (%) 2.30 5.3 21.5 22.6 22.6 29.1
Consumer Spending (MOP THO) 26167.00 26238 25988 26952 27004 27895
Disposable Personal Income (MOP) 41423.00 42459 42541 42666 42749 44159
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 270.50 266 269 274 274 272


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.