Macau Economy 1997

Economy - overview The economy is based largely on tourism (including gambling) and textileand fireworks manufacturing. Efforts to diversify have spawned other small industries - toys, artificial flowers, and electronics. The tourist sectorhas accounted for roughly 25% of GDP, and the clothing industry has providedabout two-thirds of export earnings; the gambling industry probably representsover 40% of GDP. Macau depends on China for most of its food, fresh water,and energy imports. Japan and Hong Kong are the main suppliers of raw materialsand capital goods.

GDP purchasing power parity - $6.8 billion (1996 est.)

GDP - real growth rate 4% (1996 est.)

GDP - per capita purchasing power parity - $13,600 (1996 est.)

GDP - composition by sector
agriculture : NA%
industry: NA%
services: NA%

Inflation rate - consumer price index 5.5% (first half 1996)

Labor force
total : 180,000 (1986)
by occupation: NA

Unemployment rate 2% (1992 est.)

Budget
revenues: $305 million
expenditures: $298 million, including capital expenditures of $NA (1989 est.)

Industries clothing, textiles, toys, plastic products, furniture, tourism

Industrial production growth rate NA%

Electricity - capacity 260,000 kW (1994)

Electricity - production 1.2 billion kWh (1994)

Electricity - consumption per capita 2,750 kWh (1995 est.)

Agriculture - products rice, vegetables

Exports
total value: $1.99 billion (f.o.b., 1996 est.)
commodities: textiles, clothing, toys
partners: US 42%, Hong Kong 10%, Germany 9.9%, China 9.6%, France 8%, UK 7.2%(1995)

Imports
total value : $1.99 billion (c.i.f.,1996 est.)
commodities: raw materials, foodstuffs, capital goods
partners: Hong Kong 33%, China 20%, Japan 18% (1992 est.)

Debt - external $0 (1996)

Economic aid
recipient: ODA, $NA

Currency 1 pataca (P) = 100 avos

Exchange rates patacas (P) per US$1 - 7.962 (1996), 8.034 (1993-95), 7.973 (1992);note - linked to the Hong Kong dollar at the rate of 1.03 patacas per HongKong dollar

Fiscal year calendar year

NOTE: The information regarding Macau on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Macau Economy 1997 information contained here. All suggestions for corrections of any errors about Macau Economy 1997 should be addressed to the CIA.