Macau the micro economy

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Macau
the micro economy
Chan Wing Yi, 09020500
Lau Ho Yee, 09003320
Why study Macau?
Near to Hong Kong
 one of the two special administrative
regions of the People's Republic of China
 Special economic characteristics

Comparison between Macau & HK

Macau
◦ Area: 29.5 sq km
◦ Population: 549, 500

HK
◦ Area: 1104 sq km
◦ Population: 7, 061, 200
HK is much more larger than Macau
Comparison between Macau & HK

Macau
◦ Unemployment rate: 2.9%
◦ Per capita GDP (2009): 311,131 MOP
= $302050.7786 HKD
◦ GDP (2nd Quarter/2010): 54, 793.7m MOP
= $53194.57m HKD

HK
◦ Unemployment rate: 4.9%
◦ Per capita GDP (2009): $29,879 HKD
◦ GDP (2nd Quarter/2010) : $415,921 m HKD
Macau’s economic performance
seems to be better

Low unemployment rate

Very high per capita GDP
Government expenditures
Macau provides different subsidies
to her citizen
聯合早報網訊:
 Permanent residents
◦ 澳門將連續第三年向每名永久居民發放六千元


Non-Permanent residents
◦ 非永久居民則有三千六百元

Elderly
◦ 向長者發放五千澳門元的敬老金

Public
◦ 向群眾發放五百元醫療券及一百五十元電費津貼
Where does the money
come from?
Tax revenue of Macau
Structure of Macau’s GDP
Employment structure of Macau

Industry
◦ Recreational, Cultural, Gaming & Other
Services: 24.3%
◦ Wholesale & Retail Trade: 13.4%

Occupation
◦ Clerks (including casino dealers, floorpersons,
betting service operators, etc.): 26.7%
◦ Service & Sales Workers: 21.9%
Tax revenue of Macau
Fiscal Budget:

Major source of Tax revenue --- gambling

Fiscal Budget Aims:
Prescribed by the Macau Basic Law
Budget: Revenue > Expenditure
Achieve a fiscal balance
keep the budget commensurate with the growth
rate of its GDP




 Difficult to achieve during economic recession
Benefits:





An alternative way for economic
development
Lack of natural resources
Enhance the development of gamblingrelated industries e.g. Hotel industry
Create job opportunities
Attract FDI
Gambling
industry is important to Macau
Problems

Low labour supply of other sectors


華澳日報: “金沙中國在澳門的發展項目據報因為建築工人短
缺,落成日期需要再次延遲”
Lower the average education level of the
population
◦ 澳門日報 : “本澳青少年受賭場高工資誘惑,年紀輕輕
即入職賭場,不願意升讀大學,長遠而言勢必影響澳門
人口質素”

Economic base is very narrow
◦ 「澳門宣告步入衰退 賭業不容樂觀」

Greatly affected by other economies
◦ Number of tourist in 2007: 2699.30 (ten
thousand)
◦ In 2008: 2293.82 (ten thousand)
Ways to improve:
Encourage education by providing more
subsidy
 Import labour under goodmonitoring
system
 Allocate more resources to growing
industries
 E.g. provide subsidy to developing
industries

Further develop the economic activities
 E.g.manufacturing / textile industry
 Cooperated with the nearby cities e.g.
Zhuhai
 E.g. Tourism

Conclusion:






Good economic performance
Unhealthy and unstable economy
Gaming is important (tax revenue,
employment, resources)
Affected largely by external demand
Social unrest
The government should improve this
situation
The End
References
Macau Government Tourist Office
 http://hk.macautourism.gov.mo/cn/info/in
fo.php

Statistics and Census Service Macao SAR
Government
 http://www.dsec.gov.mo/Statistic.aspx





Census and Statistics Department Hong Kong
SAR Government
http://www.censtatd.gov.hk/hong_kong_stati
stics/statistics_by_subject/index_tc.jsp?subje
ctID=1&charsetID=2&displayMode=T
Sai Kung Healthy and Safe City
http://www.saikunghsc.org.hk/b5g/info/publi
sh/report2009/03%20Sai%20Kung%20Intro
duction.pdf






Hong Kong and Economic Trade Office
http://www.hketousa.gov.hk/usa/press/2010
/jan10/011910.html
US Department of State
http://www.state.gov/r/pa/ei/bgn/2747.htm
Currency converter
http://finance.yahoo.com/currency-converter
澳門日報
http://0-libwisesearch.wisers.net.hkbulib.
hkbu.edu.hk/ws5/tool.do?wp_dispatch=cof
irm-view&doc-ids=news:188c^2010041122
00187%28S:81455505%29&menu- id=&on
-what=selected&from-list&display-style=all
&tooldisplay=true

華澳日報
http://www.waou.com.mo/detail.asp?id=47845

逾60%人料樓價再漲
 http://thesun.on.cc/cnt/finance/20101118
/00434_018.html?pubdate=20101118

中原料澳門全年住宅 成交增59%
 http://www.mpfinance.com/htm/Finance/
20101007/News/ec_ecc1.htm

澳門宣告步入衰退 賭業不容樂觀
 http://www.takungpao.com.hk/news/09/0
5/30/_IN-1090333.htm

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