Macau | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 1.90 2 2 2 2.1 2.5 percent [+]
Inflation Rate 1.76 2.3 2.7 3 2.9 3 percent [+]
Interest Rate 1.00 1 1 1 1.5 2.5 percent [+]
Balance of Trade -6002747.00 -5638167 -5633616 -5634563 -5634500 -5634481 Thousand MOP [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 7.99 8.15 8.23 8.31 8.39 9.59 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 7.00 1.9 2.2 2.5 2.7 3.9 percent [+]
GDP 46.20 58.5 58.5 40.13 58.5 80.38 USD Billion [+]
GDP Constant Prices 92682.00 87691 87366 91742 95338 96454 MOP Million [+]
Gross Fixed Capital Formation 23437.00 20700 20700 21789 17000 23000 MOP THO [+]
GDP per capita 55860.18 46179 46106 46510 46962 52875 USD [+]
GDP per capita PPP 104718.26 87941 87961 87961 87961 100521 USD [+]
Gross National Product 327640.20 354994 335373 315751 296130 296207 MOP Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 1.90 2 2 2 2.1 2.5 percent [+]
Employed Persons 385.00 396 397 398 399 403 Thousand [+]
Unemployed Persons 7.60 7.58 7.53 7.57 7.53 7.55 Thousand [+]
Population 0.64 0.64 0.65 0.65 0.65 0.71 Million [+]
Labor Force Participation Rate 71.80 71.76 71.73 71.72 71.72 71.72 percent [+]
Wages 15000.00 15000 15000 15001 15001 15001 MOP/Monthly [+]
Wages In Manufacturing 10000.00 10158 10468 11501 10609 10656 MOP/Monthly [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.76 2.3 2.7 3 2.9 3 percent [+]
Consumer Price Index CPI 109.25 110 110 110 111 115 Index Points [+]
Inflation Rate Mom 0.36 0.2 0.2 0.2 0.2 0.2 percent [+]
Food Inflation 1.69 1.6 1.49 1.43 1.4 1.35 percent [+]
Export Prices 150.60 153 144 149 151 150 Index Points [+]
Cpi Transportation 112.22 113 113 114 113 114 Index Points [+]
Gdp Deflator 107.00 107 106 106 108 110 Index Points [+]
Import Prices 120.90 115 111 118 122 117 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.00 1 1 1 1.5 2.5 percent [+]
Interbank Rate 1.00 1.01 1.03 1.03 1.03 1.03 percent [+]
Money Supply M1 63666.65 67200 67200 65070 69000 75600 MOP Million [+]
Money Supply M2 532448.94 470000 470000 571339 472000 477000 MOP Million [+]
Deposit Interest Rate 0.00 -0.02 0.01 0.04 0.08 0.04 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -6002747.00 -5638167 -5633616 -5634563 -5634500 -5634481 Thousand MOP [+]
Exports 753080.00 843775 838369 837054 837634 837601 Thousand MOP [+]
Imports 6780550.00 6486189 6464151 6460039 6459186 6458917 Thousand MOP [+]
Current Account 103162.80 167000 167000 92479 174000 82902 MOP Million [+]
Current Account to GDP 38.00 28 28 34.14 28 34 percent [+]
Tourist Arrivals 2876046.00 2580000 2580000 2769721 2640000 2960000 [+]
Terms Of Trade 99.20 98.91 98.29 98.89 98.57 98.64 Index Points [+]
Tourism Revenues 14636.00 13606 13847 14015 14140 15041 MOP Million [+]
Foreign Direct Investment -3480.80 -11456 -10474 -9491 -8509 -8237 MOP Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Budget Value 10137.27 13915 12116 12938 12488 12640 MOP Million [+]
Government Spending 10339.00 7876 8685 8419 8506 8485 MOP THO [+]
Government Revenues 27474.16 24848 24759 24629 24614 24458 MOP Million [+]
Fiscal Expenditure 17336.89 11545 15273 15980 15464 17459 MOP Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 4.50 5.92 5.22 4.33 4.29 4.26 percent [+]
Industrial Production Mom 4.90 5.02 2.42 2.95 1.71 2.57 percent [+]
Manufacturing Production 14.40 25.21 27.58 26 20.92 18.33 percent [+]
Changes in Inventories 412.00 920 920 410 876 1020 MOP THO [+]
Electricity Production 87.40 89 89 79.76 87 97 Gigawatt-hour [+]
Corruption Index 51.00 52 52 53 54 58 Points [+]
Corruption Rank 46.00 44 43 43 43 36 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM 3.38 -4.38 -9.69 2.48 5.54 1.72 percent [+]
Retail Sales YoY -5.90 -5.8 -5.8 -3.92 -3.1 4.8 percent [+]
Consumer Spending 22901.00 21400 21400 22550 22697 22674 MOP THO [+]
Disposable Personal Income 41423.00 41956 42489 43022 43555 58491 MOP [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 12.00 12 12 12 12 12 percent [+]
Personal Income Tax Rate 12.00 12 12 12 12 12 percent [+]





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. 2/26/2017