Markets Actual Q1 Q2 Q3 Q4 2021
Currency 7.98 7.98 7.98 7.98 7.98 7.98

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) -8.10 -10.3 -12 -8 1.8 0.1
Unemployment Rate (%) 1.90 2.2 1.7 1.8 1.8 2
Inflation Rate (%) 2.33 3 3.2 2.9 3 3
Interest Rate (%) 0.86 0.86 0.5 0.5 0.5 0.75
Balance of Trade (Thousand MOP) -2962810.00 -7084740 -6000000 -6000000 -7086235 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 35 35 34
Retail Sales MoM (%) 1.30 13.8 13.8 13.8 13.8 13.8
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) -8.10 -10.3 -12 -8 1.8 0.1
GDP (USD Billion) 58.50 59.06 59.06 59.06 59.06 65.7
GDP Constant Prices (MOP Million) 104890.00 97235 95974 95670 106778 106885
Gross Fixed Capital Formation (MOP THO) 18066.00 11359 11767 13340 18391 18410
GDP per capita (USD) 58054.10 57698 57698 57698 57698 67300
GDP per capita PPP (USD) 108831.30 108164 108164 108164 108164 126165
Gross National Product (MOP Million) 397997.00 377500 374117 382077 405161 405566

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 1.90 2.2 1.7 1.8 1.8 2
Unemployed Persons (Thousand ) 6.70 7.4 7.4 7.4 6.8 6.8
Population (Million) 0.67 0.68 0.68 0.68 0.68 0.69
Labor Force Participation Rate (%) 70.50 69.7 69.7 69.7 70.2 70.2
Wages (MOP/Monthly) 17000.00 16500 16500 16500 17500 17500
Wages In Manufacturing (MOP/Monthly) 10000.00 15500 15500 15500 16000 16000

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 2.33 3 3.2 2.9 3 3
Consumer Price Index CPI (points) 117.88 118 120 120 121 124
Inflation Rate Mom (%) 0.04 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) 6.08 2.9 2.9 2.9 2.4 2.4
CPI Transportation (points) 127.12 126 129 129 129 133

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.86 0.86 0.5 0.5 0.5 0.75
Interbank Rate (%) 1.92 1.92 1.56 1.56 1.56 1.81
Money Supply M2 (MOP Million) 699396.88 647000 647000 647000 655000 655000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (Thousand MOP) -2962810.00 -7084740 -6000000 -6000000 -7086235 -7087735
Current Account (MOP Million) 157998.90 154000 154000 154000 154000 154000
Current Account to GDP (%) 35.20 35 35 35 35 34
Imports (Thousand MOP) 3873920.00 7580000 7320000 7320000 8190000 8210000
Exports (Thousand MOP) 911110.00 1090000 1320000 1320000 1210000 1270000
Tourist Arrivals 156394.00 90000 140000 2960800 3162000 3354700
Tourism Revenues (MOP Million) 15198.00 17900 17900 17900 18000 18000
Foreign Direct Investment (MOP Million) -19964.00 -9189 -9189 -9189 -9189 -9006

Government Actual Q1 Q2 Q3 Q4 2021
Government Budget Value (MOP Million) 8523.48 16800 16800 16800 16500 16500
Government Spending (MOP THO) 13357.00 7602 8825 9662 13597 13611

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 12.00 12 12 12 12 12
Personal Income Tax Rate (%) 12.00 12 12 12 12 12

Business Actual Q1 Q2 Q3 Q4 2021
Industrial Production (%) 15.00 18.8 18.8 18.8 12.6 12.6
Industrial Production Mom (%) 1.90 7.9 7.9 7.9 2.7 2.7
Manufacturing Production (%) 20.60 4.8 4.8 4.8 3.2 3.2
Changes in Inventories (MOP THO) 643.00 -17 -17 -17 -10 -10
Electricity Production (Gigawatt-hour) 42.10 78 78 78 97 97

Consumer Actual Q1 Q2 Q3 Q4 2021
Retail Sales MoM (%) 1.30 13.8 13.8 13.8 13.8 13.8
Retail Sales YoY (%) 5.70 3.6 3.2 3.2 3.8 3.4
Consumer Spending (MOP THO) 27231.00 23296 23233 24102 27721 27749

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 267.40 267 267 267 267 266


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.