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Indicators of economy in Macao

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Macao, on the other hand, reached USD 45.422 per capita, or 29.91 billion USD in the whole country. Macao is therefore currently ranked 101 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Macao is in the list of the world's richest countries in place 8.

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

Compared with the USA, prices for daily consumer goods are around 25.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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 Dollar to 25.59 billion US Dollar. With such a substantial drop of 53.65 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 has fallen from 2.8 percent previously to 0.8 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Macao
Total
Macao
per capita
EU
Total
EU
per capita
GDP29.91 bn USD45,421.63 USD17.09 tn USD33,228.68 USD
Gross national product30.35 bn USD46,092.16 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1982 - 2021



Im- and Exports 2020

 Macao
Total
Macao
per capita
EU
Total
EU
per capita
Imports15.22 bn USD23,113.07 USD8,916.24 bn USD17,337.55 USD
Exports15.81 bn USD24,007.50 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 2002 - 2020

Exports
Imports



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