Markets Actual Q4 Q1 Q2 Q3 2021
Currency 7.98 7.99 7.99 7.99 7.99 7.99

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -63.80 1.5 25 55 10 5
Unemployment Rate (%) 2.90 3 2.9 2.8 2.5 3
Inflation Rate (%) -0.75 0.1 1.5 2.8 3.3 3
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Balance of Trade (Thousand MOP) -9724700.00 -7086235 -6980000 -6980000 -6980000 -7087735
Current Account (MOP Million) 142813.60 154000 154000 154000 154000 154000
Current Account to GDP (%) 33.00 35 34 34 34 34
Retail Sales MoM (%) 14.80 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 Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -63.80 1.5 25 55 10 5
GDP (USD Billion) 53.86 51.8 53.7 53.7 53.7 53.7
GDP Constant Prices (MOP Million) 34044.00 106463 67996 52768 37448 111787
Gross Fixed Capital Formation (MOP THO) 12323.00 18337 10321 19101 13555 19254
GDP per capita (USD) 55110.50 54510 55731 55731 55731 55731
GDP per capita PPP (USD) 123965.30 115000 115000 115000 108164 126165
Gross National Product (MOP Million) 397997.00 403967 497496 616895 437797 424165

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 2.90 3 2.9 2.8 2.5 3
Unemployed Persons (Thousand ) 11.80 6.8 6.8 6.8 6.8 6.8
Population (Million) 0.67 0.68 0.69 0.69 0.69 0.69
Labor Force Participation Rate (%) 70.30 70.2 70.2 70.2 70.2 70.2
Wages (MOP/Monthly) 15000.00 17500 17500 17500 17500 17500
Wages In Manufacturing (MOP/Monthly) 10500.00 16000 16000 16000 16000 16000

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.75 0.1 1.5 2.8 3.3 3
Consumer Price Index CPI (points) 115.90 122 117 119 120 125
Inflation Rate Mom (%) -0.06 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) 1.13 2.4 2.4 2.4 2.4 2.4
CPI Transportation (points) 119.77 128 126 127 125 132

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.86 0.86 0.86 0.86 0.86 0.86
Interbank Rate (%) 0.52 1.6 0.5 0.5 0.5 1.85
Money Supply M2 (MOP Million) 690518.19 655000 655000 655000 655000 655000
Deposit Interest Rate (%) 0.24 0.1 0.24 0.24 0.24 0.35

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (Thousand MOP) -9724700.00 -7086235 -6980000 -6980000 -6980000 -7087735
Current Account (MOP Million) 142813.60 154000 154000 154000 154000 154000
Current Account to GDP (%) 33.00 35 34 34 34 34
Imports (Thousand MOP) 10652900.00 8190000 8190000 8190000 8190000 8210000
Exports (Thousand MOP) 928100.00 1210000 1210000 1210000 1210000 1270000
Tourist Arrivals 449085.00 100000 1150000 1150000 1150000 3354700
Tourism Revenues (MOP Million) 5007.00 18000 18000 18000 18000 18000
Foreign Direct Investment (MOP Million) -38642.80 -9189 -9006 -9006 -9006 -9006

Government Actual Q4 Q1 Q2 Q3 2021
Government Budget Value (MOP Million) -19045.18 16500 16500 16500 16500 16500
Government Spending (MOP THO) 11821.00 13557 11319 18323 13003 14235

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

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) -32.40 12.6 12.6 12.6 12.6 12.6
Industrial Production Mom (%) 40.20 2.7 2.7 2.7 2.7 2.7
Manufacturing Production (%) -56.20 3.2 3.2 3.2 3.2 3.2
Changes in Inventories (MOP THO) 325.00 -10 -10 -10 -10 -10
Electricity Production (Gigawatt-hour) 55.09 97 97 97 97 97

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales MoM (%) 14.80 13.8 13.8 13.8 13.8 13.8
Retail Sales YoY (%) -61.50 3.8 3.8 3.8 3.8 3.4
Consumer Spending (MOP THO) 22633.00 27639 28456 35081 24896 29021

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 268.00 267 266 266 266 266


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.