Macau | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.00 2 2.1 2.1 2.1 2.5 percent [+]
Inflation Rate 0.37 0.6 1.2 2.2 2.9 3 percent [+]
Interest Rate 1.25 1.25 1.25 1.25 1.75 2.5 percent [+]
Balance of Trade -5586600.00 -5650286 -5639318 -5638839 -5638633 -5638611 Thousand MOP [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 8.00 8.08 8.16 8.24 8.4 9.6 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 7.00 4.8 3.2 2.8 2.3 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 2.00 2 2.1 2.1 2.1 2.5 percent [+]
Employed Persons 385.00 396 397 398 399 403 Thousand [+]
Unemployed Persons 7.60 7.65 7.84 7.94 7.89 7.92 Thousand [+]
Population 0.64 0.65 0.65 0.65 0.64 0.66 Million [+]
Labor Force Participation Rate 70.90 70.76 70.65 70.61 70.6 70.6 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 0.37 0.6 1.2 2.2 2.9 3 percent [+]
Consumer Price Index CPI 108.79 109 109 109 110 111 Index Points [+]
Inflation Rate Mom -0.42 0.19 0.07 0.1 0.1 0.1 percent [+]
Food Inflation 0.14 0.25 -0.52 -0.91 -1.14 -1.46 percent [+]
Gdp Deflator 107.00 107 106 106 108 110 Index Points [+]
Import Prices 125.90 114 111 117 121 117 Index Points [+]
Cpi Transportation 112.29 113 113 113 113 113 Index Points [+]
Export Prices 132.50 136 133 140 132 133 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.25 1.25 1.25 1.25 1.75 2.5 percent [+]
Interbank Rate 0.95 0.96 0.98 0.98 0.98 0.98 percent [+]
Money Supply M1 65061.48 67200 67200 64945 69000 75600 MOP Million [+]
Money Supply M2 536784.03 470000 470000 568460 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 -5586600.00 -5650286 -5639318 -5638839 -5638633 -5638611 Thousand MOP [+]
Exports 971057.79 913523 859841 864012 866981 866183 Thousand MOP [+]
Imports 6557700.00 6592392 6560986 6555523 6554228 6553739 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 2495196.00 2580000 2580000 2682934 2640000 2960000 [+]
Terms Of Trade 97.40 98.06 97.78 98.54 97.8 98.01 Index Points [+]
Tourism Revenues 14789.00 14429 16180 16108 14640 14812 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 31.10 25.31 28.11 24.51 8.88 14.23 percent [+]
Industrial Production Mom 4.80 2.95 1.49 2.74 3.04 2.66 percent [+]
Manufacturing Production 13.40 1.19 2.02 -1.85 2.32 4.81 percent [+]
Changes in Inventories 412.00 920 920 410 876 1020 MOP THO [+]
Corruption Index 51.00 52 52 53 54 58 Points [+]
Corruption Rank 46.00 44 43 43 43 36 [+]
Electricity Production 87.40 89 89 79.76 87 97 Gigawatt-hour [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM 15.10 -2.2 -10.19 4.33 12.18 6.79 percent [+]
Retail Sales YoY 0.10 -5.8 -5.8 1.49 -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. 3/30/2017