Markets Actual Q1 Q2 Q3 Q4 2022
Currency 8.00 8 8 8 8 8

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -45.90 25 55 35 15 5
Unemployment Rate (%) 2.70 3 2.9 2.8 2.8 2.5
Inflation Rate (%) -1.18 0.5 0.8 1.3 1.8 1.8
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Balance of Trade (Thousand MOP) -9267200.00 -6980000 -6980000 -6980000 -7087735 -6940000
Current Account (MOP Million) 142813.60 154000 154000 154000 154000 154000
Current Account to GDP (%) 33.00 34 34 34 34 32.5
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 2022
GDP Annual Growth Rate (%) -45.90 25 55 35 15 5
GDP (USD Billion) 53.86 53.7 53.7 53.7 53.7 53.9
GDP Constant Prices (MOP Million) 60285.00 67996 52768 51817 44140 46347
Gross Fixed Capital Formation (MOP THO) 17132.00 10321 19101 19305 16445 17267
GDP per capita (USD) 55110.50 55731 55731 55731 55731 55950
GDP per capita PPP (USD) 123965.30 115000 115000 115000 108164 126165
Gross National Product (MOP Million) 390971.00 488714 606005 527811 449617 472097

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.70 3 2.9 2.8 2.8 2.5
Unemployed Persons (Thousand ) 11.00 6.8 6.8 6.8 6.8 6.8
Population (Million) 0.68 0.69 0.69 0.69 0.69 0.7
Labor Force Participation Rate (%) 70.50 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) 10000.00 16000 16000 16000 16000 16000

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -1.18 0.5 0.8 1.3 1.8 1.8
Consumer Price Index CPI (points) 102.30 104 103 103 104 106
Inflation Rate Mom (%) 0.25 0.2 0.2 0.2 0.2 0.2
Food Inflation (%) -0.08 2.4 2.4 2.4 2.4 2.4
CPI Transportation (points) 102.85 103 100 99.88 101 103

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5
Interbank Rate (%) 0.25 0.31 0.31 0.31 1.85 0.31
Money Supply M2 (MOP Million) 695875.67 655000 655000 655000 655000 655000
Deposit Interest Rate (%) 0.21 0.24 0.24 0.24 0.35 0.24

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (Thousand MOP) -9267200.00 -6980000 -6980000 -6980000 -7087735 -6940000
Current Account (MOP Million) 142813.60 154000 154000 154000 154000 154000
Current Account to GDP (%) 33.00 34 34 34 34 32.5
Imports (Thousand MOP) 10691667.80 8190000 8190000 8190000 8210000 8210000
Exports (Thousand MOP) 1424452.13 1210000 1210000 1210000 1270000 1270000
Tourist Arrivals 556765.00 1150000 1150000 1150000 3354700 3354700
Tourism Revenues (MOP Million) 1012.00 18000 18000 18000 18000 18000
Foreign Direct Investment (MOP Million) -38642.80 -9006 -9006 -9006 -9006 -8822

Government Actual Q1 Q2 Q3 Q4 2022
Government Budget Value (MOP Million) -7396.96 16500 16500 16500 16500 16500
Government Spending (MOP THO) 14791.00 11319 18323 17609 15001 15751

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Industrial Production (%) -38.10 12.6 12.6 12.6 12.6 12.6
Industrial Production Mom (%) -7.53 2.7 2.7 2.7 2.7 2.7
Manufacturing Production (%) -49.10 3.2 3.2 3.2 3.2 3.2
Changes in Inventories (MOP THO) 454.00 -10 -10 -10 -10 -10
Electricity Production (Gigawatt-hour) 368.10 97 97 97 97 97

Consumer Actual Q1 Q2 Q3 Q4 2022
Retail Sales YoY (%) -8.60 10 35 25 25 10
Consumer Spending (MOP THO) 25128.00 28456 35081 30933 26350 27667

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 268.80 266 266 266 266 280


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.