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1994-05-02
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<text>
<title>
Macau (Port): Economy
</title>
<article><hdr>The World Factbook 1993: Macau
Economy</hdr><body>
<p>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.
</p>
<p>National product: GDP - exchange rate conversion - $3.1 billion
(1991)
</p>
<p>National product real growth rate: 3.1% (1991)
</p>
<p>National product per capita: $6,700 (1991)
</p>
<p>Inflation rate (consumer prices): 8.2% (1991 est.)
</p>
<p>Unemployment rate: 2% (1991 est.)
</p>
<p>Budget: revenues $305 million; expenditures $298 million, including
capital expenditures of $NA (1989)
</p>
<list>
<l>Exports: $1.8 billion (1992 est.)</l>
<l> commodities: textiles, clothing, toys</l>
<l> partners: US 36%, Hong Kong 13%, Germany 12%, France 8%
(1991)</l>
<l>Imports: $2.0 billion (1992 est.)</l>
<l> commodities: raw materials, foodstuffs, capital goods</l>
<l> partners: Hong Kong 35%, China 22%, Japan 17% (1991)</l>
</list>
<p>External debt: $91 million (1985)
</p>
<p>Industrial production: NA
</p>
<p>Electricity: 258,000 kW capacity; 855 million kWh produced, 1,806
kWh per capita (1992)
</p>
<p>Industries: clothing, textiles, toys, plastic products, furniture,
tourism
</p>
<p>Agriculture: rice, vegetables; food shortages - rice, vegetables,
meat; depends mostly on imports for food requirements
</p>
<p>Economic aid: none
</p>
<p>Currency: 1 pataca (P)=100 avos
</p>
<p>Exchange rates: patacas (P) per US$1 - 8.034 (1991), 8.024 (1990),
8.030 (1989), 8.044 (1988), 7.993 (1987); note - linked to the Hong
Kong dollar at the rate of 1.03 patacas per Hong Kong dollar
</p>
<p>Fiscal year: calendar year
</p></body></article></text>