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    Macau Economy - 1990

      Overview: The economy is based largely on tourism (including gambling), and textile and fireworks manufacturing. Efforts to diversify have spawned other small industries--toys, artificial flowers, and electronics. The tourist sector has accounted for roughly 25% of GDP, and the clothing industry has provided about two-thirds 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: $2.7 billion, per capita $6,300; real growth rate 5% (1989 est.)

      Inflation rate (consumer prices): 9.5% (1989)

      Unemployment rate: 2% (1989 est.)

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

      Exports: $1.7 billion (1989 est.); commodities--textiles, clothing, toys; partners--US 33%, Hong Kong 15%, FRG 12%, France 10% (1987)

      Imports: $1.6 billion (1989 est.); commodities--raw materials, foodstuffs, capital goods; partners--Hong Kong 39%, China 21%, Japan 10% (1987)

      External debt: $91 million (1985)

      Industrial production: NA

      Electricity: 179,000 kW capacity; 485 million kWh produced, 1,110 kWh per capita (1989)

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

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

      Aid: none

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

      Exchange rates: patacas (P) per US$1--8.03 (1989), 8.044 (1988), 7.993 (1987), 8.029 (1986), 8.045 (1985); note--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 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Macau Economy 1990 information contained here. All suggestions for corrections of any errors about Macau Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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