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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 2.00 2.1 2.1 2.2 2.3 2.5 percent [+]
Inflation Rate 1.36 2 2.7 3.1 3.3 3 percent [+]
Interest Rate 1.50 1.5 1.75 1.75 1.75 2.5 percent [+]
Balance of Trade -5033100.00 -5063649 -5053016 -5052579 -5052525 -5052519 Thousand MOP [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 8.04 7.98 7.9 7.82 7.74 6.85 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 11.50 5.2 4.6 3.8 5.8 3.9 percent [+]
GDP 44.80 46.59 58.5 49.33 49.35 80.38 USD Billion [+]
GDP Constant Prices 93105.00 97261 100423 99472 99826 106350 MOP Million [+]
Gross Fixed Capital Formation 18592.00 20476 17000 15953 18986 23000 MOP THO [+]
GDP per capita 51511.40 46510 46962 51771 50207 52875 USD [+]
GDP per capita PPP 96565.90 87961 87961 104323 104260 100521 USD [+]
Gross National Product 327640.20 315751 296130 296149 296168 296207 MOP Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 2.00 2.1 2.1 2.2 2.3 2.5 percent [+]
Employed Persons 382.30 382 378 377 377 372 Thousand [+]
Unemployed Persons 7.90 7.99 7.95 8.01 7.97 7.98 Thousand [+]
Population 0.64 0.65 0.64 0.65 0.65 0.66 Million [+]
Labor Force Participation Rate 71.40 71.46 71.48 71.49 71.49 71.49 percent [+]
Wages 15000.00 15000 15000 15000 15000 15000 MOP/Monthly [+]
Wages In Manufacturing 14000.00 12973 11911 11646 12989 12539 MOP/Monthly [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.36 2 2.7 3.1 3.3 3 percent [+]
Consumer Price Index CPI 109.57 110 110 110 111 112 Index Points [+]
Inflation Rate Mom 0.09 0.11 0.11 0.11 0.11 0.11 percent [+]
Food Inflation 1.84 2.03 2.24 2.35 2.42 2.51 percent [+]
Gdp Deflator 102.10 101 103 102 101 103 Index Points [+]
Import Prices 96.60 103 107 103 101 104 Index Points [+]
CPI Transportation 112.81 112 112 112 112 112 Index Points [+]
Export Prices 106.20 107 98.96 113 111 105 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 1.50 1.5 1.75 1.75 1.75 2.5 percent [+]
Interbank Rate 0.77 0.78 0.85 0.92 0.99 1.54 percent [+]
Money Supply M1 69242.85 69443 69000 69341 69294 75600 MOP Million [+]
Money Supply M2 568320.27 577504 472000 597448 601818 477000 MOP Million [+]
Deposit Interest Rate 0.00 -0.03 -0.07 -0.06 -0.05 -0.01 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -5033100.00 -5063649 -5053016 -5052579 -5052525 -5052519 Thousand MOP [+]
Exports 1113700.00 903995 895947 899698 899662 899462 Thousand MOP [+]
Imports 6146800.00 6064396 6061794 6060653 6060176 6060004 Thousand MOP [+]
Current Account 98442.40 102984 174000 106465 105801 105037 MOP Million [+]
Current Account to GDP 25.00 28 28 31 31 34 percent [+]
Tourist Arrivals 2866400.00 2629100 2640000 2735200 2716100 2960000 [+]
Terms Of Trade 100.40 99.9 99.4 99.61 99.51 99.57 Index Points [+]
Tourism Revenues 14749.00 15763 14054 14078 14930 14589 MOP Million [+]
Foreign Direct Investment -3480.80 -9491 -8509 -8437 -8365 -8237 MOP Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Budget Value 18385.85 15044 15035 17402 16018 16575 MOP Million [+]
Government Spending 8450.00 8292 8345 8327 8333 8331 MOP THO [+]
Government Revenues 29263.99 29307 29646 29607 29681 29768 MOP Million [+]
Fiscal Expenditure 10878.14 17613 17769 13082 16951 18873 MOP Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 27.10 22.9 7.73 8.94 7.41 13.48 percent [+]
Industrial Production Mom 6.20 1.95 2.83 4.17 2.4 2.86 percent [+]
Manufacturing Production -12.40 11.67 12.42 12.08 12.65 12.16 percent [+]
Changes in Inventories 362.00 367 876 363 363 1020 MOP THO [+]
Corruption Index 51.00 52 53 53 53 56 Points [+]
Corruption Rank 46.00 47 46 47 47 48 [+]
Electricity Production 87.40 79.76 87 79.02 79.25 97 Gigawatt-hour [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Retail Sales MoM -13.30 4.25 15.33 4.41 -5.86 10.11 percent [+]
Retail Sales YoY 10.50 9.98 -3.1 0.86 0.71 4.8 percent [+]
Consumer Spending 23642.00 23884 24241 24602 24774 26656 MOP THO [+]
Disposable Personal Income 41423.00 42332 42822 43031 43240 39073 MOP [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 12.00 12 12 12 12 12 percent [+]
Personal Income Tax Rate 12.00 12 12 12 12 12 percent [+]