Macao
Rebounding growth
BB2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD55.1bn (World Ranking 82, World Bank 2020) |
| Population | 0.65mn (World Ranking 165, World Bank 2020) |
| Form of state | Limited Democracy |
| Head of government | Chief Executive Ho Iat Seng |
| Next elections | 2024, Chief Executive election |
- High income market. Macao is ranked among the top ten markets in terms of GDP per capita
- Strong financial buffers with robust government position and large FX reserves
- Solid banking system
- Low level of unemployment
- Economy highly dependent on the tourism and gaming industries
- Vulnerability to external shocks particularly measures implemented in China
- Poor infrastructure compared to other high income markets
Trade structure by destination/origin
(% of total, 2020)
| Exports | Rank | Imports |
|---|---|---|
|
Hong Kong
72.5%
|
1 |
29.9%
China
|
|
China
7.8%
|
2 |
16.5%
France
|
|
United States of America
6.3%
|
3 |
10.2%
Japan
|
|
Australia
2.4%
|
4 |
9.1%
Italy
|
|
Netherlands
1.0%
|
5 |
9.0%
United States of America
|
Trade structure by product
(% of total, 2020)
| Exports | Rank | Imports |
|---|---|---|
|
Miscellaneous manufactured articles, n.e.s.
21.6%
|
1 |
23.7%
Essential oils for perfume materials and cleaning preparations
|
|
Articles of apparel & clothing accessories
18.4%
|
2 |
9.6%
Miscellaneous manufactured articles, n.e.s.
|
|
Photo apparatus, optical goods, watches and clocks
14.4%
|
3 |
6.2%
Articles of apparel & clothing accessories
|
|
Telecommunication and sound recording apparatus
7.4%
|
4 |
5.8%
Photo apparatus, optical goods, watches and clocks
|
|
Travel goods, handbags, etc.
5.5%
|
5 |
5.7%
Telecommunication and sound recording apparatus
|
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