Overview: The economy is based largely on tourism (including gambling), and textile and fireworks manufacturing. Efforts to diversify have resulted in other small industries--toys, artificial flowers, and electronics. In 1985 the tourist sector accounted for about 25% of GDP, and the clothing industry provided 69% of export earnings. Macau depends on China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods.

GDP: $2.0 billion, per capita $4,350; real growth rate 8% (1987 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: NA%

Budget: $276 million; expenditures $255 million, including capital expenditures of NA (1986)

Exports: $1.08 billion (1986); @m5commodities--textiles, clothing; @m5partners--US 33%, Hong Kong 16%, France 12%, FRG 11% (1986)

Imports: $0.91 billion (1986); @m5commodities--raw materials, foodstuffs; @m5partners--Hong Kong 46%, China 20% (1986)

External debt: NA

Industrial production: 20% (1984)

Electricity: 179,000 kW capacity; 485 million kWh produced, 1,120 kWh per capita (1988)

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

Agriculture: rice, vegetables; food shortages--rice, vegetables, meat; depends mostly on imports for food requirements

Aid: NA

Currency: pataca (plural--patacas); 1 pataca (P) = 100 avos

Exchange rates: patacas (P) per US$1--8.03 (March 1989), 8.044 (1988), 7.993 (1987), 8.029 (1986), 8.045 (1985); linked to the Hong Kong dollar at the rate of 1.03 patacas per Hong Kong dollar

Fiscal year: calendar year

NOTE: The information regarding Macau on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Macau Economy 1989 information contained here. All suggestions for corrections of any errors about Macau Economy 1989 should be addressed to the CIA.