Macau | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.00 2.1 2.1 2.1 2.2 2.5 percent [+]
Inflation Rate 0.72 1.2 2.2 2.9 3.3 3 percent [+]
Interest Rate 1.25 1.25 1.25 1.75 2 2.5 percent [+]
Balance of Trade -4279600.00 -4993496 -5006148 -5004939 -5004935 -5004948 Thousand MOP [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 8.00 8.08 8.16 8.4 8.32 9.6 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 7.00 3.2 2.8 2.3 3.4 3.9 percent [+]
GDP 46.20 58.5 40.13 58.5 33.84 80.38 USD Billion [+]
GDP Constant Prices 92682.00 87366 91742 95338 91485 96454 MOP Million [+]
Gross Fixed Capital Formation 23437.00 20700 21789 17000 17221 23000 MOP THO [+]
GDP per capita 55860.18 46106 46510 46962 42927 52875 USD [+]
GDP per capita PPP 104718.26 87961 87961 87961 80243 100521 USD [+]
Gross National Product 327640.20 335373 315751 296130 296149 296207 MOP Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.00 2.1 2.1 2.1 2.2 2.5 percent [+]
Employed Persons 385.00 379 376 373 371 359 Thousand [+]
Unemployed Persons 7.60 7.62 7.66 7.63 7.66 7.64 Thousand [+]
Population 0.64 0.65 0.65 0.64 0.65 0.66 Million [+]
Labor Force Participation Rate 70.90 70.65 70.61 70.6 70.6 70.6 percent [+]
Wages 15000.00 15000 15001 15001 15001 15001 MOP/Monthly [+]
Wages In Manufacturing 10000.00 10468 11501 10609 11032 10656 MOP/Monthly [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.72 1.2 2.2 2.9 3.3 3 percent [+]
Consumer Price Index CPI 108.78 109 109 109 109 110 Index Points [+]
Inflation Rate Mom -0.01 0.05 0.07 0.07 0.07 0.07 percent [+]
Food Inflation 0.37 -0.37 -0.73 -0.95 -1.07 -1.24 percent [+]
Gdp Deflator 107.00 106 106 108 108 110 Index Points [+]
Import Prices 125.90 111 117 121 116 117 Index Points [+]
Cpi Transportation 112.40 112 112 112 112 112 Index Points [+]
Export Prices 132.50 133 140 132 133 133 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.25 1.25 1.25 1.75 2 2.5 percent [+]
Interbank Rate 0.94 0.95 0.95 0.95 0.95 0.95 percent [+]
Money Supply M1 70611.64 67200 68821 69000 68720 75600 MOP Million [+]
Money Supply M2 540694.40 470000 569911 472000 589742 477000 MOP Million [+]
Deposit Interest Rate 0.00 0 -0.03 -0.07 -0.06 -0.01 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -4279600.00 -4993496 -5006148 -5004939 -5004935 -5004948 Thousand MOP [+]
Exports 904300.00 855587 859726 862012 861346 861340 Thousand MOP [+]
Imports 5183900.00 5876285 5915701 5921359 5922469 5922871 Thousand MOP [+]
Current Account 103162.80 167000 92508 174000 75697 75853 MOP Million [+]
Current Account to GDP 38.00 28 34.14 28 33.71 34 percent [+]
Tourist Arrivals 2501219.00 2580000 2627432 2640000 2617703 2960000 [+]
Terms Of Trade 97.40 97.78 98.54 97.8 98.14 98.01 Index Points [+]
Tourism Revenues 14789.00 16180 16108 14640 14879 14812 MOP Million [+]
Foreign Direct Investment -3480.80 -10474 -9491 -8509 -8437 -8237 MOP Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Budget Value 10137.27 9993 9848 9793 10168 9618 MOP Million [+]
Government Spending 10339.00 8685 8419 8506 8478 8485 MOP THO [+]
Government Revenues 27474.16 28210 28550 28573 28704 28794 MOP Million [+]
Fiscal Expenditure 17336.89 15518 17090 15368 13568 17463 MOP Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 31.10 28.11 24.51 8.88 7.82 14.23 percent [+]
Industrial Production Mom 4.80 1.49 2.74 3.04 2.73 2.66 percent [+]
Manufacturing Production 13.40 2.02 -1.85 2.32 5.75 4.81 percent [+]
Changes in Inventories 412.00 920 410 876 409 1020 MOP THO [+]
Corruption Index 51.00 52 52 53 53 56 Points [+]
Corruption Rank 46.00 47 47 46 47 48 [+]
Electricity Production 87.40 89 79.76 87 79.02 97 Gigawatt-hour [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM 15.10 -10.19 4.33 12.18 -1.77 6.79 percent [+]
Retail Sales YoY 0.10 -5.8 1.49 -3.1 -2.21 4.8 percent [+]
Consumer Spending 22901.00 21400 22550 22697 22373 22674 MOP THO [+]
Disposable Personal Income 41423.00 41843 42332 42822 43031 39073 MOP [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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. 4/24/2017