Markets Actual Q4 Q1 Q2 Q3 2020
Currency 8.05 8.06 8.06 8.06 8.06 8.06
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 1.60 6.5 7.1 7.5 6.7 4.9
Unemployment Rate (%) 1.80 1.7 1.8 1.9 1.9 2
Inflation Rate (%) 3.35 3.2 3.1 2.6 3.7 3
Interest Rate (%) 2.50 2.75 2.75 3 3.25 3.75
Balance of Trade (Thousand MOP) -7463384.53 -7013014 -7274747 -7085104 -7279332 -7087735
Current Account (MOP Million) 134526.90 102000 125000 125000 125000 154000
Current Account to GDP (%) 27.50 31 32 32 32 34
Retail Sales MoM (%) 1.90 16.5 7.03 -3 8.4 10.82
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 1.60 6.5 7.1 7.5 6.7 4.9
GDP (USD Billion) 50.36 53.1 55.2 55.2 55.2 60.5
GDP Constant Prices (MOP Million) 100920.00 114582 111427 108701 107682 127529
Gross Fixed Capital Formation (MOP THO) 14008.00 23877 19363 19161 14947 26575
GDP per capita (USD) 55936.80 56000 56500 56500 56500 56920
GDP per capita PPP (USD) 104861.90 109000 112000 112000 112000 115000
Gross National Product (MOP Million) 329498.00 350915 352892 354210 351574 390565
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 1.80 1.7 1.8 1.9 1.9 2
Employed Persons (Thousand ) 387.60 382 388 394 388 395
Unemployed Persons (Thousand ) 6.90 7.2 6.9 6.8 7.1 6.8
Population (Million) 0.65 0.66 0.67 0.67 0.67 0.68
Wages (MOP/Monthly) 16000.00 16000 16500 16500 16500 17500
Wages In Manufacturing (MOP/Monthly) 13000.00 14500 14500 15000 15200 16000
Labor Force Participation Rate (%) 70.80 71.3 70.6 70.1 69.9 70.2
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.35 3.2 3.1 2.6 3.7 3
Consumer Price Index CPI (Index Points) 113.73 115 115 116 118 122
Inflation Rate Mom (%) 0.16 0.3 0.2 0.1 0.2 0.3
Import Prices (Index Points) 117.90 128 126 128 130 128
Food Inflation (%) 2.91 2.3 2.6 2.7 3.2 2.4
GDP Deflator (Index Points) 105.60 105 107 107 108 113
CPI Transportation (Index Points) 119.52 118 120 122 125 126
Export Prices (Index Points) 128.40 116 121 113 115 116
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 2.50 2.75 2.75 3 3.25 3.75
Money Supply M1 (MOP Million) 78905.36 81300 78000 79500 80900 83400
Interbank Rate (%) 2.02 2.39 2.39 2.64 2.89 3.39
Money Supply M2 (MOP Million) 623805.72 615000 623000 634000 642000 655000
Deposit Interest Rate (%) 0.10 0.35 0.35 0.6 0.85 1.35
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (Thousand MOP) -7463384.53 -7013014 -7274747 -7085104 -7279332 -7087735
Current Account (MOP Million) 134526.90 102000 125000 125000 125000 154000
Current Account to GDP (%) 27.50 31 32 32 32 34
Tourist Arrivals 3154291.00 2710000 3060000 2760000 2780000 2960000
Terms Of Trade (Index Points) 99.80 90.45 95.32 88.21 88.17 90.72
Tourism Revenues (MOP Million) 18352.00 17000 17200 17400 17700 18000
Foreign Direct Investment (MOP Million) 18676.80 -11200 -12500 -12500 -12500 -14000
Government Actual Q4 Q1 Q2 Q3 2020
Government Budget Value (MOP Million) 18377.91 16000 17500 15100 16700 16500
Government Spending (MOP THO) 9678.00 13196 8365 9801 10326 14687
Government Revenues (MOP Million) 34139.90 34000 32100 33300 33600 35100
Fiscal Expenditure (MOP Million) 15761.99 18000 14600 18200 16900 18600
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12
Business Actual Q4 Q1 Q2 Q3 2020
Industrial Production (%) -24.20 5.2 25.6 30.9 23.7 12.6
Industrial Production Mom (%) 18.70 0.8 1.9 4.5 5.8 2.7
Manufacturing Production (%) 13.70 4.3 4.8 5.2 5.1 3.2
Changes in Inventories (MOP THO) -289.00 -22 -21 -19 -267 -10
Electricity Production (Gigawatt-hour) 75.30 90 86.5 82.3 80.9 97
Consumer Actual Q4 Q1 Q2 Q3 2020
Retail Sales MoM (%) 1.90 16.5 7.03 -3 8.4 10.82
Retail Sales YoY (%) 11.10 26.4 20.1 5.3 21.5 29.1
Consumer Spending (MOP THO) 25302.00 26694 26749 27268 26997 29710
Disposable Personal Income (MOP) 41423.00 43000 45000 45000 45000 47000
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 270.40 260 262 266 269 272


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.