Economy of Macao
Population: 0.63 M (2018)
GDP per Capita: 87,209 USD (2018)
55,080 M.

GDP USD

(2018)

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45,600 M.

EXPORTS USD

(2018)

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18,290 M.

IMPORTS USD

(2018)

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2018 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.44 % (2018)
GDP of 2010 USD USD 37.00 B. (2018)
GDP Current USD USD 55.08 B. (2018)
GDP per Capita Current USD USD 87,209 (2018)
GDP per capita, PPP USD 109,932 (2018)
GDP per Capita, 2010 USD USD 58,642 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 9.46 % (2018)
Government Spending USD 5.21 B. (2018)
Government Debt % GDP % ()

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 87.79 (2018)
Trade Openness 116.00 % (2018)
Exports of Goods and Services % GDP 82.79 % (2018)
Exports Goods & Services USD 45.60 B. (2018)
Exports Annual Growth 9.78 % (2018)
Imports as % GDP 33.21 % (2018)
Total Imports USD 18.29 B. (2018)
Foreign Direct Investment % GDP 0.84 % (2017)
Foreign Direct Investment USD 1.11 B. (2018)
Current Account Balance % GDP USD 35.53 % (2018)
Current Account Balance USD 19.57 B. (2018)
Trade Balance % GDP 49.58 % (2018)
Trade Balance USD 27.57 B. (2018)
Foreign Exchange Reserves incl Gold USD 20.28 B. (2018)
Remittances % GDP 0.05 % (2018)
Remittances USD 23 M. (2018)
Balance of Payments USD 405 M. (2017)

Labor Market

Indicator Value
Labor Force 0.39 M. (2019)
Unemployment Rate 2.02 % (2019)
Unemployment Rate Females 1.80 % (2019)
Unemployment Rate Males 2.65 % (2019)
Youth Unemployment (ages 15-24) 5.15 % (2019)
Labor Force Participation Rate 70.53 % (2019)
Labor Force (Percent Female) 48.38 % (2019)
Female Labor Force Participation Rate 65.24 % (2019)
Male Labor Force Participation Rate 76.38 % (2019)
Dependent People 31.82 % (2018)

Agriculture Sector

Indicator Value
Forest Area
Forest Area km²
Agricultural Land 76.38 % (2019)
Agricultural Land km²
Employment 2.05 % (2019)
Value added % GDP
Agriculture Value added
Crop Production Index 117.00 (2016)
Precipitation
Arable Land 117.00 (2016)
Cereal Yield 117.00 (2016)
Food production index 90 (2016)
Rural Population
Fertilizer use of Arable Land 90 (2016)
Livestock Production Index 85 (2016)
Economy of Macao

According to the World Bank and its latest published data, the economy of the Macao presents a growth rate of 5.44 % (2018) to the previous year.

With a population that reaches 0.63 M (2018) and a gross domestic product of USD 55.08 B. (2018), it translates a Gross Domestic Product per Capita of USD 87,209 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Macao also has a workforce of 0.39 M. (2019) with an unemployment rate of 2.02 % (2019), where women represent 1.80 % (2019) and men 2.65 % (2019), the unemployment rate for young people between 15-24 years old stood at 5.15 % (2019). The total number of dependent people stands at 31.82 % (2018).

The central government spent 9.46 % (2018) of its gross domestic product that year, which in absolute terms is USD 5.21 B. (2018). Its consolidated public debt reached of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Macao exported USD 45.60 B. (2018), which represents 82.79 % (2018) of its gross domestic product, in that same sense its imports reached USD 18.29 B. (2018) with a direct foreign investment of USD 1.11 B. (2018).

Macao has a forest area of , which represents of its total area, an average rainfall of per year and a population of living in rural areas. With a total area of available for agriculture and 2.05 % (2019) of its employments, the agricultural sector contributes to the economy of the Macao about ( of its GDP).