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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 1.90 2.2 2.3 2 2.2 2.5 percent
Inflation Rate 1.69 2 2.3 2.5 2.6 3 percent
Interest Rate 1.75 1.75 2 2.25 2.75 3.25 percent
Balance of Trade -6566400.00 -6193881 -6134594 -6091910 -6049421 -5725579 Thousand MOP
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 8.04
8.04 8.04 8.04 8.04 8.04
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 6.10
percent
12.2 12.4 12.9 13.1 6.9
GDP 44.80
USD Billion
42.75 44.6 46.45 65.35 80.38
GDP Constant Prices 97625.00
MOP Million
97197 96373 96069 95825 93683
Gross Fixed Capital Formation 17452.00
MOP THO
18538 19269 17827 17900 23000
GDP per capita 51511.40
USD
47522 49276 51029 47614 52875
GDP per capita PPP 96565.90
USD
88888 92105 95322 90242 100521
Gross National Product 327640.20
MOP Million
351721 334487 317253 300019 181460
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 1.90
percent
2.2 2.3 2 2.2 2.5
Employed Persons 381.20
Thousand
376 375 373 371 356
Unemployed Persons 7.70
Thousand
7.88 8.03 8.13 8.26 8.91
Population 0.64
Million
0.65 0.65 0.65 0.65 0.66
Labor Force Participation Rate 70.40
percent
70.35 70.32 70.28 70.25 70.01
Wages 15000.00
MOP/Monthly
14954 14926 14893 14857 14543
Wages In Manufacturing 15000.00
MOP/Monthly
14065 14022 14132 14078 13810
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.69
percent
2 2.3 2.5 2.6 3
Consumer Price Index CPI 110.51
Index Points
111 112 112 112 112
Inflation Rate Mom 0.44
percent
0.35 0.35 0.35 0.35 0.35
Food Inflation 1.92
percent
2.11 2.19 2.29 2.38 2.85
Gdp Deflator 102.10
Index Points
103 103 102 102 100
Import Prices 96.60
Index Points
104 104 104 104 109
CPI Transportation 114.25
Index Points
114 114 114 114 113
Export Prices 106.20
Index Points
108 108 102 101 103
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 1.75
percent
1.75 2 2.25 2.75 3.25
Interbank Rate 1.31
percent
1.42 1.47 1.53 1.58 1.91
Money Supply M1 71866.22
MOP Million
71269 71215 71169 71700 75600
Money Supply M2 588456.78
MOP Million
598339 604879 608600 473000 477000
Deposit Interest Rate 0.00
percent
0.3 0.31 0.31 0.32 1.36
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -6566400.00
Thousand MOP
-6193881 -6134594 -6091910 -6049421 -5725579
Exports 100460.00
Thousand MOP
580835 700243 795354 875079 1158913
Imports 7571100.00
Thousand MOP
7062282 6991889 6944399 6898560 6552638
Current Account 98442.40
MOP Million
89191 89696 90201 177000 29445
Current Account to GDP 27.10
percent
31 31 31 31 34
Tourist Arrivals 2833061.00
0 0 0 2710000 2960000
Terms Of Trade 100.40
Index Points
99.7 99.8 99.81 99.73 99.57
Tourism Revenues 14749.00
MOP Million
13891 14708 13817 13196 14403
Foreign Direct Investment -3480.80
MOP Million
-13130 -12474 -11818 -11163 -15329
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Budget Value 13794.73
MOP Million
14500 14032 14219 13985 13628
Government Spending 8563.00
MOP THO
7477 8383 8489 11510 11220
Government Revenues 30906.94
MOP Million
30978 30760 30446 30140 27819
Fiscal Expenditure 17112.21
MOP Million
12561 16736 15827 16191 15416
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 27.10
percent
-0.42 -3.85 -1.56 6.93 4.85
Industrial Production Mom 6.20
percent
4.08 3.97 2.63 2.69 3.06
Manufacturing Production -12.40
percent
-2.68 0.75 5.78 9.29 9.84
Changes in Inventories -28.00
MOP THO
24.55 48.1 72.11 920 1020
Corruption Index 51.00
Points
52 52 52 53 56
Corruption Rank 46.00
44 44 44 44 39
Electricity Production 132.50
Gigawatt-hour
116 113 111 90 97
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales MoM -13.30
percent
4.65 -8.99 2.01 13.91 10.22
Retail Sales YoY 16.20
percent
19.56 20.06 20.03 2.5 4.8
Consumer Spending 23509.00
MOP THO
23431 23376 23341 23313 23021
Disposable Personal Income 41423.00
MOP
41353 41843 42332 42822 39074
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 256.30
Index Points
245 240 252 260 272
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Personal Income Tax Rate 12.00
percent
12 12 12 12 12
Corporate Tax Rate 12.00
percent
12 12 12 12 12