Markets Actual Q3 Q4 Q1 Q2 2022
Currency 8.02 8.01 8.01 8.01 8.01 8.01

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 69.50 35 15 5 5 5
Unemployment Rate (%) 2.90 2.6 2.6 2.5 2.5 2.5
Inflation Rate (%) 0.40 1.5 2 2.3 2.5 2.5
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1
Balance of Trade (Thousand MOP) -14270297.02 -6980000 -7087735 -6940000 -6940000 -6940000
Current Account (MOP Million) 23700.70 154000 154000 154000 154000 154000
Current Account to GDP (% of GDP) 33.60 34 34 34 34 32.5
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 69.50 35 15 5 5 5
GDP (USD Billion) 55.15 53.7 53.7 53.7 53.7 53.9
GDP Constant Prices (MOP Million) 60023.00 51817 69328 60401 63024 72794
Gross Fixed Capital Formation (MOP THO) 12047.00 19039 21756 10848 12649 20444
GDP per capita (USD) 24350.30 55731 55731 55731 55731 55950
GDP per capita PPP (USD) 54797.90 115000 115000 115000 108164 126165
Gross National Product (MOP Million) 390971.00 527811 405053 410520 410520 472097

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.90 2.6 2.6 2.5 2.5 2.5
Unemployed Persons (Thousand ) 11.10 6.8 6.8 6.8 6.8 6.8
Population (Million) 0.68 0.69 0.69 0.69 0.69 0.7
Wages (MOP/Monthly) 15500.00 17500 17500 17500 17500 17500
Wages In Manufacturing (MOP/Monthly) 12000.00 16000 16000 16000 16000 16000
Labor Force Participation Rate (%) 67.90 70.2 70.2 70.2 70.2 70.2

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.40 1.5 2 2.3 2.5 2.5
Consumer Price Index CPI (points) 102.61 104 104 105 105 107
Inflation Rate Mom (%) 0.08 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) 0.59 1.4 1.4 2 2 2.4
CPI Transportation (points) 105.34 100 101 105 106 103

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.75 1
Interbank Rate (%) 0.19 0.19 0.19 0.19 0.44 0.69
Money Supply M2 (MOP Million) 690246.00 655000 655000 655000 655000 655000
Deposit Interest Rate (%) 0.21 0.21 0.21 0.21 0.46 0.71

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (Thousand MOP) -14270297.02 -6980000 -7087735 -6940000 -6940000 -6940000
Current Account (MOP Million) 23700.70 154000 154000 154000 154000 154000
Current Account to GDP (% of GDP) 33.60 34 34 34 34 32.5
Imports (Thousand MOP) 15389589.17 8190000 8210000 8210000 8210000 8210000
Exports (Thousand MOP) 1119292.15 1210000 1270000 1270000 1270000 1270000
Tourist Arrivals 409207.00 1000000 1500000 2000000 2000000 2500000
Tourism Revenues (MOP Million) 7161.00 18000 18000 18000 18000 18000
Foreign Direct Investment (MOP Million) -44323.00 -9006 -9006 -9006 -9006 -8822

Government Actual Q3 Q4 Q1 Q2 2022
Government Budget Value (MOP Million) -4064.60 16500 16500 16500 16500 16500
Government Spending (MOP THO) 12237.00 17609 14155 9668 12849 18468

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) -13.20 12.6 12.6 12.6 12.6 12.6
Industrial Production Mom (%) 10.40 2.7 2.7 2.7 2.7 2.7
Manufacturing Production (%) 49.70 3.2 3.2 3.2 3.2 3.2
Changes in Inventories (MOP THO) 593.00 -10 -10 -10 -10 -10
Electricity Production (Gigawatt-hour) 46.50 97 97 97 97 97

Consumer Actual Q3 Q4 Q1 Q2 2022
Retail Sales YoY (%) 218.96 25 25 15 15 10
Consumer Spending (MOP THO) 24732.00 30933 28900 27314 25969 30778

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 269.00 266 266 266 266 280


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.