Rebounding growth
BB2
MEDIUM RISK for enterprise
-
Economic risk
-
Business environment risk
-
Political risk
-
Commercial risk
-
Financing risk
-
Economic risk
-
Business environment risk
-
Political risk
-
Commercial risk
-
Financing risk
Swipe to view more
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 |
![]() |
China
7.8%
![]() |
2 |
![]() |
United States of America
6.3%
![]() |
3 |
![]() |
Australia
2.4%
![]() |
4 |
![]() |
Netherlands
1.0%
![]() |
5 |
![]() |
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
|
Contacts
Read our latest reports
-
Americas
-
Europe
-
Asia Pacific
-
Middle East