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 1.8 1.7 1.8 1.9 2 percent
Inflation Rate 3.32 3.6 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 -6626700.00 -6516999 -6228913 -6492856 -6232300 -6237760 Thousand MOP
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 8.06
8.08 8.08 8.08 8.08 8.08
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.00
percent
6.9 7 10.1 8.5 6.9
GDP 50.36
USD Billion
53.1 53.1 55.2 55.2 60.5
GDP Constant Prices 100133.00
MOP Million
101929 115426 113471 108644 130917
Gross Fixed Capital Formation 17208.00
MOP THO
18410 22723 19395 18671 25772
GDP per capita 55936.80
USD
56000 56000 56500 56500 56920
GDP per capita PPP 104861.90
USD
109000 109000 112000 112000 115000
Gross National Product 329498.00
MOP Million
340866 352563 362777 357505 399880
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.80
percent
1.8 1.7 1.8 1.9 2
Employed Persons 385.50
Thousand
383 382 388 390 395
Unemployed Persons 7.10
Thousand
7.1 7.2 6.9 6.8 6.8
Population 0.65
Million
0.66 0.66 0.67 0.67 0.68
Wages 16000.00
MOP/Monthly
16000 16000 16500 16500 17500
Wages In Manufacturing 9500.00
MOP/Monthly
14000 14500 14500 15000 16000
Labor Force Participation Rate 71.10
percent
71.1 71.3 70.6 70.1 70.2
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.32
percent
3.6 3.2 3.1 2.6 3
Consumer Price Index CPI 113.20
Index Points
114 115 115 116 122
Inflation Rate Mom 0.08
percent
0.2 0.3 0.2 0.1 0.3
Food Inflation 2.59
percent
2.4 2.3 2.6 2.7 2.4
Gdp Deflator 104.70
Index Points
105 105 107 107 113
Import Prices 117.90
Index Points
124 128 126 128 128
CPI Transportation 119.86
Index Points
117 118 120 122 126
Export Prices 128.40
Index Points
111 116 121 113 116
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 1.95
percent
2.2 2.45 2.45 2.7 2.95
Money Supply M1 80600.48
MOP Million
80700 81300 78000 79500 83400
Money Supply M2 616356.37
MOP Million
610000 615000 623000 634000 655000
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 -6626700.00
Thousand MOP
-6516999 -6228913 -6492856 -6232300 -6237760
Exports 917600.00
Thousand MOP
933819 970185 969082 967230 967606
Imports 7544300.00
Thousand MOP
7450819 7194933 7461938 7199529 7205366
Current Account 134526.90
MOP Million
102000 102000 125000 125000 154000
Current Account to GDP 27.50
percent
31 31 32 32 34
Tourist Arrivals 3034297.00
2760000 2710000 2838800 2762900 2960000
Terms Of Trade 99.80
Index Points
89.81 90.45 95.32 88.21 90.72
Tourism Revenues 16500.00
MOP Million
16700 17000 17200 17400 18000
Foreign Direct Investment -10819.70
MOP Million
-11200 -11200 -12500 -12500 -14000
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Budget Value 23071.54
MOP Million
18600 16000 17500 15100 16500
Government Spending 9148.00
MOP THO
9749 13836 8566 9926 15693
Government Revenues 34096.98
MOP Million
33700 34000 32100 33300 35100
Fiscal Expenditure 11025.44
MOP Million
15100 18000 14600 18200 18600
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -31.30
percent
-14.7 5.2 25.6 30.9 12.6
Industrial Production Mom 21.90
percent
-15.5 0.8 1.9 4.5 2.7
Manufacturing Production 15.40
percent
1.1 4.3 4.8 5.2 3.2
Changes in Inventories -19.00
MOP THO
-20 -22 -21 -19 -10
Corruption Index 51.00
Points
52 52 52 52 53
Corruption Rank 46.00
47 47 47 47 48
Electricity Production 43.20
Gigawatt-hour
98.3 90 86.5 82.3 97
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales MoM -14.20
percent
9.4 16.5 6.45 -3 13.22
Retail Sales YoY 21.30
percent
23.1 26.4 20.1 15.64 29.1
Consumer Spending 25366.00
MOP THO
25709 26820 27499 27522 30419
Disposable Personal Income 41423.00
MOP
43000 43000 45000 45000 47000
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 269.40
Index Points
252 260 262 266 272
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