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 2.04 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 -7040700.00 -6649536 -6591718 -6549344 -6505198 -6008299 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
6 6.4 6.9 6.5 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 92662
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 329498.00
MOP Million
325744 324986 324227 323468 305908
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 375.90
Thousand
374 373 370 367 342
Unemployed Persons 7.10
Thousand
7.25 7.22 7.41 7.52 8.73
Population 0.64
Million
0.65 0.65 0.65 0.65 0.66
Wages 15000.00
MOP/Monthly
14954 14926 14893 14857 14383
Wages In Manufacturing 15000.00
MOP/Monthly
14065 14022 14132 14078 13689
Labor Force Participation Rate 69.90
percent
69.87 69.84 69.81 69.78 69.48
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 2.04
percent
2 2.3 2.5 2.6 3
Consumer Price Index CPI 111.08
Index Points
112 113 113 113 113
Inflation Rate Mom 0.51
percent
0.39 0.36 0.35 0.35 0.35
Food Inflation 2.33
percent
2.4 2.5 2.58 2.65 3.06
Gdp Deflator 102.90
Index Points
103 103 103 103 99.53
Import Prices 109.10
Index Points
111 108 108 109 113
CPI Transportation 114.80
Index Points
115 115 115 115 113
Export Prices 117.10
Index Points
109 109 112 110 109
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 1.24
percent
1.27 1.33 1.38 1.44 1.94
Money Supply M1 72380.33
MOP Million
72007 71964 71918 71700 75600
Money Supply M2 591485.04
MOP Million
605841 614477 619600 473000 477000
Deposit Interest Rate 0.00
percent
0.3 0.31 0.31 0.32 1.51
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -7040700.00
Thousand MOP
-6649536 -6591718 -6549344 -6505198 -6008299
Exports 904500.00
Thousand MOP
1000104 1036896 1074441 1103693 1220962
Imports 7945200.00
Thousand MOP
7527758 7448389 7400964 7353311 6821635
Current Account 98442.40
MOP Million
89191 89696 90201 177000 13969
Current Account to GDP 27.10
percent
31 31 31 31 34
Tourist Arrivals 3053690.00
2916100 2884300 2878000 2710000 2960000
Terms Of Trade 101.10
Index Points
99.98 99.99 100 100 99.63
Tourism Revenues 15931.00
MOP Million
14036 14970 14185 13144 14293
Foreign Direct Investment -10819.70
MOP Million
-11877 -12486 -13094 -13703 -14521
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Budget Value 18652.59
MOP Million
17223 16080 16497 16002 14731
Government Spending 8563.00
MOP THO
7477 8383 8489 11510 11082
Government Revenues 32672.64
MOP Million
33596 33493 33258 32934 28953
Fiscal Expenditure 14020.05
MOP Million
12215 16444 14009 16082 14755
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 41.60
percent
3.67 -0.71 -10.77 -1.79 10.29
Industrial Production Mom 15.10
percent
1.98 3.3 5.72 2.61 3.38
Manufacturing Production 3.20
percent
2.29 4.18 7.81 10.51 10.31
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 38
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 11.80
percent
1.47 -8.08 8.98 14.64 9.16
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 22880
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
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 28.50
celsius
16.05 25.1 28.07 20.64 22.96