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Indicators of economy in Macao

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Macao, on the other hand, reached USD 43,874 per capita, or 30.12 billion USD for the whole country. Macao is therefore currently ranked 101 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Macao ranks 10th in the list of the richest countries.

Inflation in Macao in 2020 was around 0.81%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 25.0 percent lower.
The index for perceived corruption in the public sector is 51, which is rather mediocre by global standards.


Back to overview: Macao

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were drastic in Macao. Overall, gross domestic product in 2020 fell from 55.20 billion US dollars to 25.46 billion US dollars. With such a substantial drop of 53.88 percent, the economy in Macao is struggling far more than other countries. The tourism sector alone slumped by around 77 percent. The unemployment rate rose from 1.8 to 2.6 percent. The inflation rate fell from 2.8 percent previously to 0.8 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Macao
Total
Macao
per capita
EU
Total
EU
per capita
GDP30.12 bn USD43,873.59 USD17.177 tn USD33,384.92 USD
Gross national product31.89 bn USD46,452.57 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1982 - 2021



Imports and Exports 2021

 Macao
Total
Macao
per capita
EU
Total
EU
per capita
Imports15.22 bn USD22,163.25 USD8.916 tn USD17,329.02 USD
Exports15.81 bn USD23,020.91 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2002 - 2021

Exports
Imports



Macao: AirportsLargest airports and airlines in MacaoThe biggest airports and in Macao with further information and data with further information on airlines and destinations
Macao: Public HolidaysPublic holidays in Macao 2023-2027Statutory and inofficial holidays in Macao for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.