H. OTHER ECONOMIC INDICATORS
III. CONCLUDING REMARKS
In the fourth quarter of 2012, the economy expanded by 8.5% in real terms, higher than the expected and better than the 7.9% and 6.2% growth in the second and third quarters. Economic growth was pushed forward by rising exports of services, investment and private consumption expenditure. For the whole year of 2012, the economy increased by 9.9% in real terms.
Looking ahead for the first quarter of 2013, domestic demand is expected to rise further as the main impetus to growth; total investment is likely to increase continuously; private consumption expenditure is projected to sustain growth on account of buoyant job market, rising employment earnings and low unemployment rate. As regards external demand, increase in merchandise exports is likely to accelerate; in addition, exports of services are expected to see steady increase as visitor arrivals and gross gaming receipts for the first two months of 2013 increased by 2.1% and 9.4%.
Taking into consideration the above factors and slow recovery of the surrounging economies, for the first quarter of 2013, the economy of Macao is expected to expand at similar pace as the previous quarter.
白頁
Página vazia Blank page
TABLES
SYMBOLS AND ABBREVIATIONS
.. Not applicable r Revised figures - Absolute value equals zero
# Confidential data
~ No figure provided
0# Magnitude less than half of the unit employed p Provisional figures
@ Figures are subject to revision later on
TEU Twenty-foot Equivalent Unit (20 feet × 8 feet × 8 feet)
Note: Due to rounding, total may not correspond to the sum of the partial figures.
Figures are subject to regular revisions when required.
I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO
1. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (YEAR-ON-YEAR COMPARISON)
%
2011 2012 2012 2012 2012
Q4 Q1 Q2 Q3 Q4
USA
ΓGross Domestic Product 2.4 1.8 2.2 2.0 2.4 2.1 2.6r 1.6
ΓExports of goods 21.0 15.8 4.5 10.4 8.5 5.7 1.2 2.9
ΓImports of goods 22.7 15.4 3.0 12.1 8.5 3.7 - 0.6
ΓConsumer Price Index 1.7 3.1 2.1 3.3 2.8 1.9 1.7 1.9
ΓUnemployment rate 9.6 8.9 8.1 8.3 8.6 8.0 8.1 7.5
Euro area a
ΓGross Domestic Product 2.0 1.4 -0.6 0.6 -0.1 -0.5 -0.6 -0.9
ΓExports of goods 20.0 13.2 7.4 8.6 8.6r 8.1 7.4 5.5
ΓImports of goods 22.5 13.2r 1.8 5.5r 4.1r 1.5r 0.7r 0.8
ΓConsumer Price Index 1.6 2.7 2.5 2.9 2.7 2.5 2.5 2.3
ΓUnemployment rate 10.1 10.1 11.4 10.6 11.4 11.1 11.1r 11.8
Germany
ΓGross Domestic Product 4.2 3.0 0.7 1.4 1.7 0.5 0.4 0.1
ΓExports of goods 18.5 11.5 3.4 5.2 5.1 3.6 3.6 1.3
ΓImports of goods 19.9 13.2 0.7 6.9 4.0 0.1 -0.4 -0.7
ΓConsumer Price Index 1.1 2.1r 2.0 2.2r 2.1r 1.9 2.0r 2.0
ΓUnemployment rate 7.7 7.1 6.8 6.5 7.3 6.8 6.7 6.6
French
ΓGross Domestic Product 1.6 1.7 - 1.1 0.2 0.1 -r -0.3
ΓExports of goods 12.8 9.0 4.1 7.7r 5.0 5.2 4.1r 2.2
ΓImports of goods 13.2 12.9r 2.0 8.5r 2.8r 3.5 1.2r 0.7
ΓConsumer Price Index 1.5 2.1 2.0 2.4 2.3 2.0 2.0 1.5
ΓUnemployment rate 9.7 9.6 10.3 10.0 10.4 9.8 10.1r 10.8
The United Kingdom
ΓGross Domestic Product 1.8 0.9 0.2 0.9r 0.3r -0.2r 0.2r 0.3
ΓExports of goods 16.5 12.6 0.3 9.7r 3.7r -0.8r 2.1r -3.7
ΓImports of goods 17.1 9.6 1.8 5.6r 5.7r 2.2r -r -0.4
ΓConsumer Price Index 3.3 4.5 2.8 4.7 3.5 2.8 2.4 2.6
ΓUnemployment rate 7.8 8.1 7.9 8.4 8.2 8.0 7.8 7.8
a Consists 17 member states since 2011.
Source : U.S. Bureau of Economic Analysis, U.S. Census Bureau, U.S. Bureau of Labor Statistics Eurostat
Federal Statistical Office of Germany
National Institute of Statistics and Economic Studies of France; French Customs Office for National Statistics of United Kingdom
2010 2011 2012
I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO
1. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (YEAR-ON-YEAR COMPARISON) (Cont'd)
%
2011 2012 2012 2012 2012
Q4 Q1 Q2 Q3 Q4
Mainland China
ΓGross Domestic Product 10.3 9.2 7.8 8.9 8.1 7.6 7.4 7.9
ΓExports of goods 31.3 20.3 7.9 14.2 7.6 10.4r 4.4r 9.4
ΓImports of goods 38.7 25.0 4.3 20.5 7.0r 6.4r 1.4 2.7
ΓConsumer Price Index a 3.3 5.4 2.6 5.4 3.8 3.3 2.8 2.6
Hong Kong
ΓGross Domestic Product 6.8 4.9 1.4 3.0r 0.8r 1.0r 1.4r 2.5
ΓExports of goods 22.8 10.1 2.9 6.9 -1.5 1.9 3.8 7.0
ΓImports of goods 25.0 11.9 3.9 9.3 0.7 2.1 4.5 8.1
ΓConsumer Price Index 2.4 5.3 4.1 5.7 5.2 4.2 3.1 3.8
ΓUnemployment rate 4.3 3.4 3.3 3.1 3.3 3.3 3.5 3.1
Taiwan, China
ΓGross Domestic Product 10.8r 4.1r 1.3 1.2r 0.6r -0.1r 1.0 3.4
ΓExports of goods 34.8 12.3 -2.3 4.5 -4.0 -5.4 -2.2 2.5
ΓImports of goods 44.1 12.0 -3.8 -0.9 -5.9 -5.8 -3.2 -0.1
ΓConsumer Price Index 1.0 1.4 1.9 1.4 1.3 1.7 3.0 1.8
ΓUnemployment rate 5.2 4.4 4.2 4.3 4.2 4.1 4.3 4.3
Japan
ΓGross Domestic Product 4.7r -0.6r 1.9 -0.3r 3.4r 3.8r 0.4r 0.3
ΓExports of goods 24.4 -2.7 -2.8 -5.5 -1.6 4.8 -8.1 -5.5
ΓImports of goods 18.0 12.1 3.8 12.4 9.9 5.1 0.2 0.4
ΓConsumer Price Index -0.7 -0.3 - -0.3 0.3 0.2 -0.4 -0.2
ΓUnemployment rate 5.1 4.6 4.3 4.3 4.5 4.6 4.3 4.0
Republic of Korea
ΓGross Domestic Product 6.3 3.6 2.0 3.3 2.8 2.3 1.5r 1.5
ΓExports of goods 28.3 19.0 -1.3 9.0 3.0 -1.7 -5.8r -0.3
ΓImports of goods 31.6 23.3 -0.9 13.4 7.8r -2.9r -6.9r -1.0
ΓConsumer Price Index 3.0 4.0 2.2 4.0 3.0 2.4 1.6 1.7
ΓUnemployment rate 3.7r 3.4 3.2 2.9 3.8 3.3 3.0 2.8
Singapore
ΓGross Domestic Product 14.8 5.2r 1.3 3.6 1.5r 2.3r -r 1.5
ΓExports of goods 22.4 7.5 -0.9 5.8 4.8 1.4 -4.2 -5.1
ΓImports of goods 18.8 8.6 3.2 9.9 10.5 4.6 -1.3 -0.4
ΓConsumer Price Index 2.8 5.2 4.6 5.5 4.9 5.3 4.2 4.0
ΓUnemployment rate 2.2 2.0 2.0 1.8 1.9 2.6 1.7 1.6
a Accumulated year-on-year comparison.
Source : China National Bureau of Statistics
Hong Kong SAR Census and Statistics Department
Directorate-General of Budget, Accounting and Statistics, Executive Yuan, Taiwan, China; Ministry of Economic Affairs, Taiwan, China Economic and Social Research Institute of Japan; Ministry of Finance of Japan; Statistics Bureau of Japan
National Statistics Office of Republic of Korea; Bank of Korea
2010 2011 2012
I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO
2. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (QUARTER-TO-QUARTER COMPARISON)
%
2011 2012 2012 2012 2012
Q4 Q1 Q2 Q3 Q4
USA
ΓGross Domestic Product 2.4 1.8 2.2 4.1 2.0 1.3 3.1r 0.1
ΓExports of goods 21.0 15.8 4.5 0.2 1.3r 1.6 -0.3 -0.8
ΓImports of goods 22.7 15.4 3.0 1.6 2.1 -0.4 -2.2r 0.6
ΓConsumer Price Index 1.7 3.1 2.1 0.4r 0.6 0.3r 0.5r 0.5
ΓUnemployment ratea 9.6 8.9 8.1 8.7 8.3 8.2 8.0r 7.8
Japan
ΓGross Domestic Product 4.7r -0.6r 1.9 0.2r 1.5r -0.2r -1.0r -0.1
ΓExports of goods 24.5r -2.6 -2.9 -4.2r 0.7r 0.3r -3.8 -2.2
ΓImports of goods 18.1 12.2 3.4 1.5r 0.1r -0.4r -r 0.1
ΓConsumer Price Index -0.7 -0.3 - -0.1r 0.3r -0.2 -0.4r
-ΓUnemployment ratea 5.1 4.6 4.3 4.5 4.5 4.4 4.2 4.2
Hong Kong
ΓGross Domestic Product 6.8 4.9 1.4 0.5r 0.4r -0.1 0.8r 1.2
ΓExports of goods 22.8 10.1 2.9 -0.1r 1.9r -2.3r 2.6r 4.9
ΓImports of goods 25.0 11.9 3.9 -1.0r 1.6r -0.9r 2.2r 4.7
ΓConsumer Price Index 2.4 5.3 4.1 3.0 1.2r 0.8r -1.9r 3.7
ΓUnemployment ratea 4.3 3.4 3.3 3.3 3.4 3.2 3.3 3.3
a After seasonal adjustment.
Source : U.S. Bureau of Economic Analysis, U.S. Census Bureau, U.S. Bureau of Labor Statistics
Economic and Social Research Institute of Japan; Ministry of Finance of Japan; Statistics Bureau of Japan Hong Kong SAR Census and Statistics Department
3. GROSS DOMESTIC PRODUCT OF MACAO
2011 2012 2012 2012 2012
Q4r Q1r Q2r Q3r Q4@
At current prices:
GDP (Billion MOP) 226.9 295.0 348.2 84.2 80.2 83.0 86.9 98.1
GDP per capita ('000 MOP) 422.7 537.1 611.9 .. .. .. .. ..
Chain volume measures in chained (2010) dollars:
GDP (Billion MOP) 226.9 276.4 304.0 77.0 71.8 73.1 75.6 83.5
Year-on-Year change in real terms (%)
GDP 27.5 21.8 9.9 18.0 18.5 7.9 6.2 8.5
Private consumption expenditure 7.2 11.0 9.1 12.8 6.9 13.3 9.4 7.2
In the domestic market 5.3 10.6 9.0 11.6 6.4 12.3 8.9 8.6
Abroad 20.7 10.5 10.4 13.2 13.0 11.8 10.3 7.0
Government final consumption expenditure 4.9 5.5 6.9 5.3 10.6 7.1 3.0 7.8
Gross fixed capital formation -16.8 17.1 19.1 14.0 39.3 9.9 11.9 21.8
Private sector -22.4 7.3 8.3 -8.3 19.9 -6.4 16.8 8.3
Government 24.1 62.0 51.7 66.2 313.9 166.3 -1.4 39.3
Exports of goods -7.2 -1.9 23.2 10.5 24.8 21.7 29.7 17.4
Exports of services 47.4 30.1 6.8 22.8 19.1 5.6 0.7 3.7
Imports of goods 15.4 27.0 11.0 29.8 25.1 13.2 4.8 4.5
Imports of services 43.5 32.6 1.4 18.4 12.6 1.3 -7.1 0.6
Note: Starting the third quarter of 2010, chain volume measures are adopted to measure GDP change in real terms.
2012
2011r 2010
2010 2011
2012
I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO
4. PRINCIPAL ECONOMIC INDICATORS OF MACAO
2011 2012 2012 2012 2012
Q4 Q1 Q2 Q3 Q4
A. External Merchandise Trade (Million MOP)
Total exports 6 960.0 6 970.9 8 159.7 1 917.9 1 975.3 1 971.2 2 203.0r 2 010.2 4.8
Textiles and garments 1 627.3 1 339.0 1 053.4 288.3 284.8 267.8 264.6 236.3 -18.1
Other products 5 332.7 5 631.9 7 106.3 1 629.6 1 690.5 1 703.4 1 938.4r 1 773.9 8.9
Total imports 44 118.4 62 288.9 70 927.8 17 884.4 17 078.6r 17 267.0r 17 758.3r 18 823.8 5.3
Trade balance -37 158.4 -55 318.0 -62 768.1 -15 966.5 -15 103.4r -15 295.9r -15 555.3r -16 813.6 -5.3 B. Gaming and tourism
Gross gaming revenue (excluding gratuities)(Million MOP) 189 588 269 058 305 235 73 802 74 596 74 670 74 854 81 115 9.9
y-on-y % change 57.5 41.9 13.4 33.2 26.8 13.3 6.1 9.9
Visitor arrivals('000) 24 965.4 28 002.3 28 082.3 7 340.1 6 942.3 6 635.4 7 287.0 7 217.6 -1.7
Average length of stayb (days) 0.9 1.0 1.0 0.9 0.9 1.0 1.0 1.0 0.1 d
Per capita spending of visitors (MOP) 1 518 1 619 1 864 1 820 1 891 1 713 1 822 2 019 10.9
Hotel occupancy rate (%) 79.8 84.1 83.1 86.6 83.2 80.1 84.3r 84.6 -2.0 a
C. Construction and real estate
Expenditure on public works (Million MOP) 4 274.9 7 666.0 12 349.5 5 867.0 617.2 2 175.3 2 129.6 7 427.5 26.6 Private sector construction
ΓΓ New buildings - no. of units 870 2 159 1 592 513 41 677 392 482 -6.0
ΓΓ New buildings - gross floor area ('000 m²) 184 367 304 101 11 119 80 94 -6.0
ΓΓ Completion of Buildings - no. of units 4 527 1 387 2 558 309 36 890 1 573 59 -80.9
ΓΓ Completion of Buildings - gross floor area ('000 m²) 1 272 1 163 1 568 504 9 938 613 8 -98.3
No. of building units transacted 29 617 27 624 25 419 3 543 3 592 7 845 6 766 7 216 103.7
Value of building units transacted (Million MOP) 56 753.6 76 255.1 100 905.5 10 115.2 11 706.8 31 052.4 26 926.1 31 220.2 208.6 D. Transport
Γ Seaborne containerised cargo (tonne) 178 380 182 959 207 280 54 157 49 984r 55 303r 48 641r 53 351 -1.5
Γ Containerised land cargo (tonne) 45 718 35 093 30 681 9 049 9 274 7 946 6 798r 6 664 -26.4
Γ Air cargo (tonne) 52 166 39 524 27 794 10 441 6 452 6 902 6 794 7 647 -26.8
E. Prices and consumption
Inflation rate (%) 2.8 5.8 6.1 6.7 6.3 6.6 6.0 5.6 ..
Composite Consumer Price Index (4/2008-3/2009=100) 104.2 110.3 117.0 112.7 114.7 116.7 117.7 119.0 5.6 Retail sales turnover (Million MOP) 30 642 43 479 52 853 12 527 13 225 12 834r 12 470r 14 324 14.3 F. Labour force
Unemployment rate (%) 2.8 2.6 .. 2.2 2.0 2.1 2.0 1.9 -0.3 a
Median monthly employment earnings ('000 MOP) 9.0 10.0 .. 10.3 11.0 11.0 11.7 12.0 16.5
Non-resident workers in Macao (end-period) 75 813 94 028 .. 94 028 98 664 102 557 109 038 110 552 17.6 G. Public accounts (Million MOP)
Total revenue 88 488.1 122 972.3 129 498.3 31 295.1 29 622.4 32 004.0 32 266.1 35 605.8 13.8
Tax revenue from gaming 68 776.1 99 656.4 113 377.7 26 901.7 27 747.7 28 746.6 28 000.4 28 883.0 7.4
Total expenditure 38 393.9 45 593.3 56 752.4 23 654.2 6 100.7 15 587.5 10 686.2 24 378.1 3.1
Balance 50 094.1 77 379.0 72 745.9 7 641.0 23 521.8 16 416.6 21 579.9 11 227.6 ..
H. Money and finance (end-period, Million MOP)
Γ Narrow money supply (M1) 34 729.7 36 243.3 47 519.0 36 243.3 38 372.0 38 719.9 40 586.3 47 519.0 31.1 Γ Broad money supply (M2) 243 053.8 297 963.9 374 431.4 297 963.9 310 588.4 321 473.6 348 198.6 374 431.4 25.7 Γ Resident deposits 237 639.4 291 595.1 366 762.0 291 595.1 303 800.8 314 448.0 340 708.5 366 762.0 25.8 Γ Domestic credit to the private sector 130 676.9 167 855.8 198 344.9 167 855.8 170 599.8 180 024.6 191 593.8 198 344.9 18.2 Γ Net foreign assets 333 837.7 425 292.6 482 627.6 425 292.6 363 306.4 388 684.9 433 036.2r482 627.6 13.5 Foreign exchange reserves 190 186.8 272 369.4 132 536.2 272 369.4 128 769.7c134 547.6c132 748.1 132 536.2 .. c I. Others
ΓNew incorporations 2 991 3 405 3 612 876 881 949 992 790 -9.8
ΓCompanies in dissolution 492 511 501 137 130 131 121 119 -13.1
ΓConsumption of electricity (Million kWh) 3 655.5 3 856.5 4 204.8 907.9 821.0 1 138.3 1 260.1 985.4 8.5 a Percentage points.
b Data for 2010 are obtained by statistical extrapolation. Starting from 2011, data are provided by the Public Security Police Forece.
c According to the Fiscal Reserve Act that came into effect on 1 January 2012, the fiscal reserves and foreign exchange reserves are managed under separate accounts.
The official transfer of relevant assets was made in February 2012 d day.
2010 2011 2012
2012 Q4 year-on-year
% change