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    Macau Economy 1995

      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 represented well over 40% of GDP in 1992. 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.

      National product: GDP - exchange rate conversion - $3.5 billion (1992 est.)

      National product real growth rate: 12% (1992)

      National product per capita: $7,300 (1992)

      Inflation rate (consumer prices): 7.7% (1992 est.)

      Unemployment rate: 2% (1992 est.)

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

      Exports: $1.8 billion (1992 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: $91 million (1985)

      Industrial production: growth rate NA%

      capacity: 258,000 kW
      production: 855 million kWh
      consumption per capita: 1,806 kWh (1992)

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

      Agriculture: rice, vegetables; food shortages - rice, vegetables, meat; depends mostly on imports for food requirements

      Economic aid: none

      Currency: 1 pataca (P) = 100 avos
      Exchange rates: patacas (P) per US$1 - 8.034 (1991-93), 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

      NOTE: The information regarding Macau on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Macau Economy 1995 information contained here. All suggestions for corrections of any errors about Macau Economy 1995 should be addressed to the CIA.

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    Revised 09-Aug-02
    Copyright © 2002 Photius Coutsoukis (all rights reserved)