Macau | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.00 2.1 2.1 2.1 2.2 2.5 percent [+]
Inflation Rate 0.80 1.2 2.2 2.9 3.3 3 percent [+]
Interest Rate 1.25 1.25 1.25 1.75 2 2.5 percent [+]
Balance of Trade -5347600.00 -5308260 -5308459 -5308892 -5308936 -5308939 Thousand MOP [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 8.03 8.08 8.16 8.4 8.32 9.6 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 7.00 6.4 5.2 4.6 3.8 3.9 percent [+]
GDP 46.20 58.5 40.13 58.5 33.84 80.38 USD Billion [+]
GDP Constant Prices 92682.00 87366 91742 95338 91485 96454 MOP Million [+]
Gross Fixed Capital Formation 23437.00 20700 21789 17000 17221 23000 MOP THO [+]
GDP per capita 55860.18 46106 46510 46962 42927 52875 USD [+]
GDP per capita PPP 104718.26 87961 87961 87961 80243 100521 USD [+]
Gross National Product 327640.20 335373 315751 296130 296149 296207 MOP Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.00 2.1 2.1 2.1 2.2 2.5 percent [+]
Employed Persons 379.50 379 377 373 371 360 Thousand [+]
Unemployed Persons 7.90 7.84 7.94 7.89 7.95 7.92 Thousand [+]
Population 0.64 0.65 0.65 0.64 0.65 0.66 Million [+]
Labor Force Participation Rate 71.10 71.08 71.07 71.07 71.07 71.07 percent [+]
Wages 15000.00 15000 15000 15000 15000 15000 MOP/Monthly [+]
Wages In Manufacturing 10000.00 10468 11501 10609 11032 10656 MOP/Monthly [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.80 1.2 2.2 2.9 3.3 3 percent [+]
Consumer Price Index CPI 108.89 109 109 109 109 110 Index Points [+]
Inflation Rate Mom 0.10 0.04 0.07 0.06 0.06 0.06 percent [+]
Food Inflation 0.69 0.41 0.26 0.18 0.13 0.07 percent [+]
Gdp Deflator 107.00 106 106 108 108 110 Index Points [+]
Import Prices 125.90 111 117 121 116 117 Index Points [+]
Cpi Transportation 112.33 113 113 113 113 113 Index Points [+]
Export Prices 132.50 133 140 132 133 133 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.25 1.25 1.25 1.75 2 2.5 percent [+]
Interbank Rate 0.88 0.85 0.84 0.84 0.84 0.84 percent [+]
Money Supply M1 71296.77 67200 70222 69000 70190 75600 MOP Million [+]
Money Supply M2 547202.14 470000 569171 472000 588844 477000 MOP Million [+]
Deposit Interest Rate 0.00 0 -0.03 -0.07 -0.06 -0.01 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -5347600.00 -5308260 -5308459 -5308892 -5308936 -5308939 Thousand MOP [+]
Exports 1066400.00 908238 891073 902062 901467 900956 Thousand MOP [+]
Imports 6414100.00 6172121 6200599 6204630 6204738 6204762 Thousand MOP [+]
Current Account 103162.80 167000 92508 174000 75697 75853 MOP Million [+]
Current Account to GDP 25.00 28 26.93 28 24.39 34 percent [+]
Tourist Arrivals 2742799.00 2580000 2648542 2640000 2639021 2960000 [+]
Terms Of Trade 97.40 97.78 98.54 97.8 98.14 98.01 Index Points [+]
Tourism Revenues 14789.00 16180 16108 14640 14879 14812 MOP Million [+]
Foreign Direct Investment -3480.80 -10474 -9491 -8509 -8437 -8237 MOP Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Budget Value 10137.27 9993 9848 9793 10168 9618 MOP Million [+]
Government Spending 10339.00 8685 8419 8506 8478 8485 MOP THO [+]
Government Revenues 27474.16 28210 28550 28573 28704 28794 MOP Million [+]
Fiscal Expenditure 17336.89 15518 17090 15368 13568 17463 MOP Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 31.10 28.11 24.51 8.88 7.82 14.23 percent [+]
Industrial Production Mom 4.80 1.49 2.74 3.04 2.73 2.66 percent [+]
Manufacturing Production 13.40 2.02 -1.85 2.32 5.75 4.81 percent [+]
Changes in Inventories 412.00 920 410 876 409 1020 MOP THO [+]
Corruption Index 51.00 52 52 53 53 56 Points [+]
Corruption Rank 46.00 47 47 46 47 48 [+]
Electricity Production 87.40 89 79.76 87 79.02 97 Gigawatt-hour [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM 4.50 -8.37 4.25 15.33 4.41 10.11 percent [+]
Retail Sales YoY 11.50 -5.8 14.21 -3.1 5.87 4.8 percent [+]
Consumer Spending 22901.00 21400 22550 22697 22373 22674 MOP THO [+]
Disposable Personal Income 41423.00 41843 42332 42822 43031 39073 MOP [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 12.00 12 12 12 12 12 percent [+]
Personal Income Tax Rate 12.00 12 12 12 12 12 percent [+]