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

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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
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East