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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.80 1.7 1.7 1.7 1.7 2 percent
Inflation Rate 3.11 3.1 3.2 3.1 2.6 3 percent
Interest Rate 2.25 2.5 2.75 2.75 3 3.25 percent
Balance of Trade -6103219.89 -6213446 -5932152 -6196972 -5931507 -5937528 Thousand MOP
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 8.08
8.07 8.07 8.07 8.07 8.07
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 9.20
percent
6.9 6.5 5.8 10.1 6.9
GDP 50.36
USD Billion
53.1 53.1 55.2 55.2 60.5
GDP Constant Prices 103062.00
MOP Million
100993 113817 109040 102881 127753
Gross Fixed Capital Formation 17616.00
MOP THO
18944 22616 18638 22389 25386
GDP per capita 55936.80
USD
56000 56000 56500 56500 56920
GDP per capita PPP 104861.90
USD
104246 90242 97007 97007 100521
Gross National Product 329498.00
MOP Million
340866 350915 348609 362777 393885
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.80
percent
1.7 1.7 1.7 1.7 2
Employed Persons 380.50
Thousand
382 382 385 385 388
Unemployed Persons 7.50
Thousand
7.43 7.33 7.42 7.34 7.36
Population 0.65
Million
0.65 0.65 0.66 0.66 0.68
Wages 16000.00
MOP/Monthly
15500 15500 15500 16777 16000
Wages In Manufacturing 13000.00
MOP/Monthly
15000 15000 15500 11980 16000
Labor Force Participation Rate 70.80
percent
70.9 70.91 70.91 70.91 70.91
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.11
percent
3.1 3.2 3.1 2.6 3
Consumer Price Index CPI 112.84
Index Points
113 115 115 116 122
Inflation Rate Mom 0.36
percent
0.25 0.25 0.25 0.25 0.25
Food Inflation 2.57
percent
2.44 2.39 2.36 2.34 2.32
Gdp Deflator 104.20
Index Points
105 107 107 107 113
Import Prices 126.80
Index Points
124 128 130 127 128
CPI Transportation 119.11
Index Points
117 118 120 122 126
Export Prices 118.30
Index Points
116 111 116 113 113
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent
2.5 2.75 2.75 3 3.25
Interbank Rate 2.09
percent
2.34 2.59 2.59 2.84 3.09
Money Supply M1 81363.89
MOP Million
82290 71700 85180 86635 75600
Money Supply M2 610236.87
MOP Million
621277 473000 641181 651143 477000
Deposit Interest Rate 0.00
percent
0.25 0.5 0.5 0.75 1
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -6103219.89
Thousand MOP
-6213446 -5932152 -6196972 -5931507 -5937528
Exports 1074107.21
Thousand MOP
976154 984298 986624 985804 985833
Imports 7177327.10
Thousand MOP
7189599 6915889 7183596 6917310 6923361
Current Account 98442.40
MOP Million
102986 177000 106469 105805 105116
Current Account to GDP 27.50
percent
31 31 32 32 34
Tourist Arrivals 2704745.00
2808400 2710000 2827800 2827100 2960000
Terms Of Trade 99.80
Index Points
93.61 87.23 89.32 89.34 88.39
Tourism Revenues 16415.00
MOP Million
16700 17066 16601 16444 16677
Foreign Direct Investment -10819.70
MOP Million
-11203 -11621 -11927 -12233 -14007
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Budget Value 18652.59
MOP Million
19673 17033 20538 17107 15926
Government Spending 7780.00
MOP THO
9295 13230 8231 9930 14851
Government Revenues 32672.64
MOP Million
34797 35090 35157 35309 35538
Fiscal Expenditure 14020.05
MOP Million
15124 18044 14618 18202 19612
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -40.40
percent
-14.76 5.72 35.65 30.69 12.68
Industrial Production Mom -32.60
percent
15.3 0.69 -4.7 3.9 2.97
Manufacturing Production -2.80
percent
1.05 4.37 4.85 1.25 3.26
Changes in Inventories -19.00
MOP THO
-20.12 920 -16.95 -18.03 1020
Corruption Index 51.00
Points
52 53 53 53 56
Corruption Rank 46.00
47 46 47 47 48
Electricity Production 43.20
Gigawatt-hour
98.37 90 78.02 82.37 97
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales MoM 8.30
percent
9.45 16.5 7 -3.02 12.7
Retail Sales YoY 23.00
percent
23.51 2.5 20.11 19.6 4.8
Consumer Spending 24976.00
MOP THO
25550 26116 26425 27973 29314
Disposable Personal Income 41423.00
MOP
42332 42822 43031 43240 37009
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 258.00
Index Points
252 260 265 266 272
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 28.50
celsius
28.07 20.64 16.08 24.12 22.96