Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. In 2016, Macau's gaming-related taxes accounted for more than 76% of total government revenue. ++ Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in the 2010-13 period, largely on the back of tourism from mainland China and the gaming sectors. In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau's economic performance. Mainland China's anti-corruption campaign brought Macau's gambling boom to a halt in 2014, with spending in casinos contracting 34.3% in 2015. As a result, Macau's inflation-adjusted GDP contracted 21.5% in 2015 and another 2.1% in 2016 - down from double-digit expansion rates in the period 2010-13 - but the economy recovered handsomely in 2017. ++ Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify the economy away from heavy dependence on gaming revenues. Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.

Fitch rating: AA (2018)

Moody's rating: Aa3 (2016)

only 2% of land area is cultivated, mainly by vegetable growers; fishing, mostly for crustaceans, is important; some of the catch is exported to Hong Kong

tourism, gambling, clothing, textiles, electronics, footwear, toys

calendar year

Hong Kong 62.1%, China 16.5%, US 1% (2018)

clothing, textiles, footwear, toys, electronics, machinery and parts

raw materials and semi-manufactured goods, consumer goods (foodstuffs, beverages, tobacco, garments and footwear, motor vehicles), capital goods, mineral fuels and oils

China 35%, Italy 8.6%, Hong Kong 7.8%, France 8.4%, Switzerland 7.7%, Japan 8.1%, US 4.1% (2018)

patacas (MOP) per US dollar -

general assessment: modern communication facilities maintained for domestic and international services; high mobile subscriber numbers and mobile penetration with 4 network operators; offering 4G, LTE services and 1st phase of 5G network rollout; possible synchronizing with neighboring regions; Macau's smart city project spans areas of transportation, medical services, tourism and 3-government (2020)

domestic: fixed-line 20 per 100 and mobile-cellular 345 per 100 persons (2019)

international: country code - 853; landing point for the SEA-ME-WE-3 submarine cable network that provides links to Asia, Africa, Australia, the Middle East, and Europe; HF radiotelephone communication facility; satellite earth station - 1 Intelsat (Indian Ocean) (2019)

local government dominates broadcast media; 2 television stations operated by the government with one broadcasting in Portuguese and the other in Cantonese and Mandarin; 1 cable TV and 4 satellite TV services available; 3 radio stations broadcasting, of which 2 are government-operated (2019)

.mo

B-M (2016)

by type: other 1 (2019)

主要海港: Macau