Part 443

Economy -------

Economic overview: The economy is based largely on tourism (including gambling) and textile and fireworks manufacturing. Efforts to diversify have spawned other small industries - toys, artificial flowers, and electronics. The tourist sector has accounted for roughly 25% of GDP, and the clothing industry has provided about two-thirds of export earnings; the gambling industry probably represents over 40% of GDP. Macau depends on China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods.

GDP: purchasing power parity - $6.4 billion (1995 est.)

GDP real growth rate: 4% (1995 est.)

GDP per capita: $13,000 (1995 est.)

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate (consumer prices): 8.6% (1995 est.)

Labor force: 180,000 (1986) by occupation: NA

Unemployment rate: 2% (1992 est.)

Budget: revenues: $305 million expenditures: $298 million, including capital expenditures of $NA (1989 est.)

Industries: clothing, textiles, toys, plastic products, furniture, tourism

Industrial production growth rate: NA%

Electricity: capacity: 258,000 kW production: 950 million kWh consumption per capita: 2,093 kWh (1993)

Agriculture: rice, vegetables

Exports: $1.9 billion (1995 est.) commodities: textiles, clothing, toys partners: US 35%, Hong Kong 12.5%, Germany 12%, China 9.9%, France 8% (1992 est.)

Imports: $2 billion (1992 est.) commodities: raw materials, foodstuffs, capital goods partners: Hong Kong 33%, China 20%, Japan 18% (1992 est.)

External debt: $0 (1995)

Economic aid: recipient: ODA, $NA

Currency: 1 pataca (P) = 100 avos

Exchange rates: patacas (P) per US$1 - 8.034 (1991-95), 8.024 (1990), 8.030 (1989); note - linked to the Hong Kong dollar at the rate of 1.03 patacas per Hong Kong dollar

Fiscal year: calendar year

Transportation --------------

Railways: 0 km

Highways: total: 90 km paved: 42 km unpaved: 48 km (1987 est.)

Ports: Macau

Merchant marine: none

Airports: new international airport completed in 1995; 1 seaplane station

Communications --------------