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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 1.80 1.7 1.8 1.9 1.9 2 percent
Inflation Rate 3.32 3.2 3.1 2.6 4 3 percent
Interest Rate 2.50 2.75 2.75 3 3.25 3.75 percent
Balance of Trade -6556918.67 -6446638 -6686441 -6442916 -6683620 -6448011 Thousand MOP
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 8.07
8.06 8.06 8.06 8.06 8.06
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.00
percent
6.5 7.1 7.5 6.7 4.9
GDP 50.36
USD Billion
53.1 55.2 55.2 55.2 60.5
GDP Constant Prices 100133.00
MOP Million
114887 110379 107643 106842 127868
Gross Fixed Capital Formation 17208.00
MOP THO
22616 18867 18499 18361 25172
GDP per capita 55936.80
USD
56000 56500 56500 56500 56920
GDP per capita PPP 104861.90
USD
109000 112000 112000 112000 115000
Gross National Product 329498.00
MOP Million
350915 352892 354210 351574 390565
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 1.80
percent
1.7 1.8 1.9 1.9 2
Employed Persons 385.40
Thousand
382 388 390 388 395
Unemployed Persons 6.90
Thousand
7.2 6.9 6.8 7.1 6.8
Population 0.65
Million
0.66 0.67 0.67 0.67 0.68
Wages 16000.00
MOP/Monthly
16000 16500 16500 16500 17500
Wages In Manufacturing 9500.00
MOP/Monthly
14500 14500 15000 15200 16000
Labor Force Participation Rate 71.10
percent
71.3 70.6 70.1 69.9 70.2
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.32
percent
3.2 3.1 2.6 4 3
Consumer Price Index CPI 113.20
Index Points
115 115 116 118 122
Inflation Rate Mom 0.08
percent
0.3 0.2 0.1 0.2 0.3
Import Prices 117.90
Index Points
128 126 128 130 128
Food Inflation 2.59
percent
2.3 2.6 2.7 3.2 2.4
Gdp Deflator 104.70
Index Points
105 107 107 108 113
Cpi Housing Utilities 113.07
Index Points
114 115 115 116 120
CPI Transportation 119.86
Index Points
118 120 122 122 126
Export Prices 128.40
Index Points
116 121 113 115 116
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 2.50
percent
2.75 2.75 3 3.25 3.75
Interbank Rate 2.29
percent
2.54 2.54 2.79 3.04 3.54
Money Supply M1 78063.70
MOP Million
81300 78000 79500 80900 83400
Money Supply M2 621523.06
MOP Million
615000 623000 634000 642000 655000
Deposit Interest Rate 0.10
percent
0.35 0.35 0.6 0.85 1.35
Money Supply M0 15567.20
MOP Million
15524 15509 15494 15479 15345
Foreign Exchange Reserves 19734.03
USD Million
19692 19677 19668 19663 19656
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -6556918.67
Thousand MOP
-6446638 -6686441 -6442916 -6683620 -6448011
Exports 1019399.22
Thousand MOP
988656 987657 988172 988151 988129
Imports 7576317.88
Thousand MOP
7437999 7674098 7431088 7671771 7436140
Current Account 134526.90
MOP Million
102000 125000 125000 125000 154000
Current Account to GDP 27.50
percent
31 32 32 32 34
Tourist Arrivals 3403503.00
2710000 2762900 2762900 2782600 2960000
Terms Of Trade 99.80
Index Points
90.45 95.32 88.21 88.17 90.72
Tourism Revenues 16500.00
MOP Million
17000 17200 17400 17700 18000
Foreign Direct Investment 18676.80
MOP Million
-11200 -12500 -12500 -12500 -14000
Capital Flows 112744.80
MOP Millions
98968 105363 111758 118154 100002
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Budget Value 23071.54
MOP Million
16000 17500 15100 16700 16500
Government Spending 9148.00
MOP THO
13772 8332 9834 9761 15328
Government Revenues 34096.98
MOP Million
34000 32100 33300 33600 35100
Fiscal Expenditure 11025.44
MOP Million
18000 14600 18200 16900 18600
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -31.30
percent
5.2 25.6 30.9 23.7 12.6
Industrial Production Mom 21.90
percent
0.8 1.9 4.5 5.8 2.7
Manufacturing Production 15.40
percent
4.3 4.8 5.2 5.1 3.2
Changes in Inventories -19.00
MOP THO
-22 -21 -19 -18.25 -10
Car Registrations 1121.00
1170 1169 1176 1180 1185
Corruption Index 51.00
Points
51 51 51 51 51
Corruption Rank 46.00
46 46 46 46 46
Electricity Production 75.30
Gigawatt-hour
90 86.5 82.3 80.9 97
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales MoM -14.20
percent
16.5 6.45 -3 8.4 13.22
Retail Sales YoY 21.30
percent
26.4 20.1 15.64 21.5 29.1
Consumer Spending 25366.00
MOP THO
26694 26749 27268 27066 29710
Private Sector Credit 479267.90
MOP Million
500033 508056 515724 521932 553165
Disposable Personal Income 41423.00
MOP
43000 45000 45000 45000 47000
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 269.90
Index Points
260 262 266 269 272
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 12.00
percent
12 12 12 12 12
Personal Income Tax Rate 12.00
percent
12 12 12 12 12
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 28.50
celsius
20.64 16.08 24.12 22.38 22.96