Macau | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 1.90 2 2 2 2 2.5 percent [+]
Inflation Rate 1.33 2.1 2.3 2.7 3 3 percent [+]
Interest Rate 0.75 1 1 1 1 2.5 percent [+]
Balance of Trade -5326200.00 -5296557 -5302348 -5304341 -5304097 -5304093 Thousand MOP [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 8.00 8.07 8.15 8.23 8.31 9.59 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 4.00 -2.1 1.9 2.2 2.5 3.9 percent [+]
GDP 46.20 54.8 58.5 58.5 31.27 80.38 USD Billion [+]
GDP Constant Prices 86701.00 94399 93062 94898 101325 114624 MOP Million [+]
Gross Fixed Capital Formation 21166.00 18700 20700 20700 21854 23000 MOP THO [+]
GDP per capita 55860.18 47251 46179 46106 46510 52875 USD [+]
GDP per capita PPP 104718.26 89520 87941 87961 87961 100521 USD [+]
Gross National Product 371610.70 396508 405103 413697 422292 531320 MOP Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 1.90 2 2 2 2 2.5 percent [+]
Employed Persons 394.20 395 396 397 398 403 Thousand [+]
Unemployed Persons 7.60 7.52 7.58 7.53 7.57 7.55 Thousand [+]
Population 0.64 0.65 0.66 0.66 0.67 0.71 Million [+]
Labor Force Participation Rate 72.90 72.99 73.03 73.04 73.04 73.04 percent [+]
Wages 15000.00 14998 14998 14997 14997 14995 MOP/Monthly [+]
Wages In Manufacturing 10300.00 12113 12580 13109 12858 13112 MOP/Monthly [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.33 2.1 2.3 2.7 3 3 percent [+]
Consumer Price Index CPI 108.36 108 109 109 109 110 Index Points [+]
Inflation Rate Mom 0.17 0.14 0.13 0.13 0.13 0.13 percent [+]
Food Inflation 1.68 1.45 1.19 1.04 0.96 0.84 percent [+]
Export Prices 138.20 136 143 136 133 135 Index Points [+]
Cpi Transportation 110.26 110 110 110 110 110 Index Points [+]
Gdp Deflator 104.80 106 105 105 105 105 Index Points [+]
Import Prices 106.60 118 108 106 108 109 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.75 1 1 1 1 2.5 percent [+]
Interbank Rate 0.63 0.64 0.64 0.64 0.64 0.64 percent [+]
Money Supply M1 65315.93 66100 67200 67200 61513 75600 MOP Million [+]
Money Supply M2 505799.60 469000 470000 470000 535112 477000 MOP Million [+]
Deposit Interest Rate 0.00 0.08 0.07 0.06 0.06 0.04 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -5326200.00 -5296557 -5302348 -5304341 -5304097 -5304093 Thousand MOP [+]
Exports 820880.56 845192 857192 855954 855375 855548 Thousand MOP [+]
Imports 6319704.73 6251238 6223327 6219008 6218274 6218080 Thousand MOP [+]
Current Account 103162.80 76144 167000 167000 79648 82902 MOP Million [+]
Current Account to GDP 38.00 25 28 28 33.46 34 percent [+]
Tourist Arrivals 2678447.00 2580000 2580000 2580000 2670000 2960000 [+]
Terms Of Trade 97.80 97.28 98.15 97.76 97.72 97.7 Index Points [+]
Tourism Revenues 14636.00 13263 13661 13933 14130 15423 MOP Million [+]
Foreign Direct Investment -3480.80 -8509 -8437 -8365 -8294 -8237 MOP Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Budget Value 11647.64 12343 13915 12116 12938 12640 MOP Million [+]
Government Spending 7905.00 7960 7942 7948 7946 7947 MOP THO [+]
Government Revenues 25619.03 25164 24848 24759 24629 24458 MOP Million [+]
Fiscal Expenditure 13971.39 15409 11545 15273 15980 17459 MOP Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 4.50 4.83 5.92 5.22 4.33 4.26 percent [+]
Industrial Production Mom 4.90 -1.9 5.02 2.42 2.95 2.57 percent [+]
Manufacturing Production 14.40 31.04 25.21 27.58 26 18.33 percent [+]
Changes in Inventories 397.00 902 920 920 393 1020 MOP THO [+]
Electricity Production 87.40 83 89 89 79.76 97 Gigawatt-hour [+]
Corruption Index 51.00 54 55 56 57 58 Points [+]
Corruption Rank 46.00 43 42 41 40 36 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales MoM 3.38 7.37 -4.38 -9.69 2.48 1.72 percent [+]
Retail Sales YoY -5.90 -6.5 -5.8 -5.8 -3.92 4.8 percent [+]
Consumer Spending 22390.00 21400 21400 21400 22087 21418 MOP THO [+]
Disposable Personal Income 41423.00 43555 44088 44621 45154 58491 MOP [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/11/2016