CONCLUDING REMARKS

In the second quarter of 2013, the economy expanded by 10.2% in real terms. Economic growth was pushed forward by rising exports of services.

Looking ahead for the third quarter of 2013, domestic demand is expected to rise further, of

which total investment is likely to hold stable as the same quarter of previous year; 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, merchandise

exports is likely to increase further; in addition, exports of services are expected to see steady rise as

visitor arrivals and gross gaming revenue for July and August of 2013 increased by 6.1% and

18.7%. Taking into consideration the above factors and slow recovery of the surrounding

economies, the economy of Macao for the third quarter of 2013 is expected to maintain favourable

growth.

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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)

%

2012 2012 2012 2013 2013

Q2 Q3 Q4 Q1 Q2

USA

ΓGross Domestic Product 2.5

^r

1.8 2.8

^r

2.8

^r

3.1

^r

2.0

^r

1.3

^r

1.6

ΓExports of goods 21.0 15.8 4.4

^r

5.4

^r

1.1

^r

2.8

^r

0.5 1.6

ΓImports of goods 22.7 15.4 3.0 3.7 - 0.6 -2.8 -1.4

ΓConsumer Price Index 1.7 3.1 2.1 1.9 1.7 1.9 1.7 1.4

ΓUnemployment rate 9.6 8.9 8.1 8.0 8.1 7.5 8.1 7.4

Euro area

^a

ΓGross Domestic Product 2.0 1.5 -0.6 -0.5 -0.7 -1.0 -1.0

^r

-0.5

ΓExports of goods 20.1 13.0 7.4 8.0

^r

7.5 5.7 1.2

^r

1.9

ΓImports of goods 22.4 13.3 1.7 1.4 0.4

^r

1.0

^r

-5.1

^r

-3.3

ΓConsumer Price Index 1.6 2.7 2.5 2.5 2.5 2.3 1.9 1.4

ΓUnemployment rate 10.1 10.1 11.4 11.1 11.2

^r

11.8 12.6 12.0

Germany

ΓGross Domestic Product 4.0

^r

3.3

^r

0.7 0.6

^r

0.4 - -1.6

^r

0.9

ΓExports of goods 18.5 11.5 3.4 3.6 3.6 1.3 -1.5 0.4

ΓImports of goods 19.9 13.2 0.7 0.1 -0.4 -0.7 -3.5 0.2

ΓConsumer Price Index 1.1 2.1 2.0 1.9 2.0 2.0 1.5 1.5

ΓUnemployment rate 7.7 7.1 6.8 6.8 6.7 6.6 7.4 6.8

French

ΓGross Domestic Product 1.6 2.0 - 0.1 - -0.3 -0.5

^r

0.3

ΓExports of goods 12.8 9.0 4.0 5.4

^r

3.9

^r

1.6

^r

-1.8

^r

-0.6

ΓImports of goods 13.3 12.8 2.0

^r

3.6

^r

0.8

^r

0.5

^r

-3.1

^r

-3.4

ΓConsumer Price Index 1.5 2.1 2.0 2.0 2.0 1.5 1.1 0.8

ΓUnemployment rate 9.7 9.6 10.3 9.8 10.1 10.9

^r

11.2 10.5

United Kingdom

ΓGross Domestic Product 1.7

^r

1.1

^r

0.2

^r

- 0.1

^r

-

^r

0.3

^r

1.5

ΓExports of goods 16.5 12.5

^r

0.3

^r

-0.5 2.1

^r

-4.2

^r

-2.4

^r

6.4

ΓImports of goods 17.1 9.5

^r

2.2

^r

3.2

^r

-

^r

-0.1

^r

-1.0

^r

1.6

ΓConsumer Price Index 3.3 4.5 2.8 2.8 2.4 2.6 2.8 2.7

ΓUnemployment rate 7.8 8.1 7.9 8.0 7.8 7.8 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)

%

2012 2012 2012 2013 2013

Q2 Q3 Q4 Q1 Q2

Mainland China

ΓGross Domestic Product 10.3 9.2 7.8 7.6 7.4 7.9 7.7 7.5

ΓExports of goods 31.3 20.3 7.9 10.4 4.4 9.4 18.4 3.8

ΓImports of goods 38.7 25.0 4.3 6.4 1.4 2.7 8.6^r 5.0

ΓConsumer Price Index ^a 3.3 5.4 2.6 3.3 2.8 2.6 2.4 2.4

Hong Kong

ΓGross Domestic Product 6.8 4.9 1.5 0.9 1.5 2.8 2.9^r 3.3

ΓExports of goods 22.8 10.1 2.9 1.9 3.8 7.0 4.0 2.4

ΓImports of goods 25.0 11.9 3.9 2.1 4.5 8.1 4.9 3.5

ΓConsumer Price Index 2.4 5.3 4.1 4.2 3.1 3.8 3.7 4.0

ΓUnemployment rate 4.3 3.4 3.3 3.3 3.5 3.1 3.4 3.4

Taiwan, China

ΓGross Domestic Product 10.8 4.1 1.3 -0.1 0.7 4.0 1.6^r 2.5

ΓExports of goods 34.8 12.3 -2.3 -5.4 -2.2 2.4 2.4 2.4

ΓImports of goods 44.1 12.0 -3.9 -5.9 -3.4 -0.1 4.4 -3.5

ΓConsumer Price Index 1.0 1.4 1.9 1.7 3.0 1.8 1.8 0.8

ΓUnemployment rate 5.2 4.4 4.2 4.1 4.3 4.3 4.2 4.1

Japan

ΓGross Domestic Product 4.7 -0.6 2.0^r 3.8^r 0.3^r 0.4 0.3^r 0.9

ΓExports of goods 24.4 -2.7 -2.7 4.8 -8.2 -5.5 1.2 7.1

ΓImports of goods 18.0 12.1 3.8 5.0 0.3 0.5 8.1^r 10.4

ΓConsumer Price Index -0.7 -0.3 - 0.2 -0.4 -0.2 -0.6 -0.3

ΓUnemployment rate 5.1 4.6 4.3 4.6 4.3 4.0 4.2 4.2

Republic of Korea

ΓGross Domestic Product 6.3 3.7 2.0 2.4 1.6 1.5 1.5 2.3

ΓExports of goods 28.3 19.0 -1.3 -1.7 -5.8 -0.4 0.4 0.8

ΓImports of goods 31.6 23.3 -0.9 -2.9 -6.9 -1.1 -3.0^r -2.7

ΓConsumer Price Index 3.0 4.0 2.2 2.4 1.6 1.7 1.4 1.1

ΓUnemployment rate 3.7 3.4 3.2 3.3 3.0 2.8 3.6 3.1

Singapore

ΓGross Domestic Product 14.8 5.2 1.3 2.3 - 1.5 0.2 3.8

ΓExports of goods 22.4 7.5 -0.9 1.4 -4.2 -5.1 -8.7 -0.1

ΓImports of goods 18.8 8.6 3.2 4.6 -1.3 -0.4 -9.3 -4.0

ΓConsumer Price Index 2.8 5.2 4.6 5.3 4.2 4.0 4.0 1.6

ΓUnemployment rate 2.2 2.0 2.0 2.6 1.7 1.6 1.8 2.7

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 The Singapore Department of Statistics

2010 2011 2012

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

2. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (QUARTER-TO-QUARTER COMPARISON)

%

2012 2012 2012 2013 2013

Q2 Q3 Q4 Q1 Q2

USA

ΓGross Domestic Product 2.5^r 1.8 2.8^r 1.2^r 2.8^r 0.1^r 1.1^r 2.5

ΓExports of goods 21.0 15.8 4.4^r 1.2^r -0.2^r -0.2^r 0.4^r 1.1

ΓImports of goods 22.7 15.4 3.0 -0.4 -1.4^r 0.4^r -0.5^r

-ΓConsumer Price Index 1.7 3.1 2.1 0.3 0.5 0.5 0.4

-ΓUnemployment rate^a 9.6 8.9 8.1 8.2 8.0 7.8 7.7 7.6

Japan

ΓGross Domestic Product 4.7 -0.6 2.0^r -0.2 -0.9 0.3 0.9^r 0.6

ΓExports of goods 24.5 -2.6 -2.9 -0.2^r -3.2^r -1.4^r 7.3^r 4.5

ΓImports of goods 18.1 12.2 3.4 0.7^r -0.4 -^r 9.4^r 1.5

ΓConsumer Price Index -0.7 -0.3 - -0.2 -0.4 - -0.1 0.2

ΓUnemployment rate^a 5.1 4.6 4.3 4.4 4.3 4.2 4.2 4.0

Hong Kong

ΓGross Domestic Product 6.8 4.9 1.5 -0.1 1.1 1.4 0.2 0.8

ΓExports of goods 22.8 10.1 2.9 -2.3 2.6 4.9 -1.5 -2.9

ΓImports of goods 25.0 11.9 3.9 -0.9 2.2 4.7 -1.4 -1.1

ΓConsumer Price Index 2.4 5.3 4.1 0.8 -1.9 3.7 1.2 1.1

ΓUnemployment rate^a 4.3 3.4 3.3 3.2 3.3 3.2^r 3.5 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

2012 2012 2012 2013 2013

Q2 Q3 Q4 Q1 Q2^@

At current prices:

GDP (Million MOP) 226 941 295 046 348 216 82 992 86 922 98 075 94 662 98 083

GDP per capita ('000 MOP) 422.7 537.1 611.9 .. .. .. .. ..

Chain volume measures in chained (2011) dollars:

GDP (Million MOP) 242 207 295 046 324 398 77 988 80 561 89 272 84 857 85 970

Year-on-Year change in real terms (%)

GDP 27.5 21.8 9.9 7.9 6.2 8.5 10.8 10.2

Private consumption expenditure 7.2 11.0 9.1 13.3 9.4 7.2 10.2 4.5

In the domestic market 5.3 10.6 9.0 12.3 8.9 8.6 10.0 5.8

Abroad 20.7 10.5 10.4 11.8 10.3 7.0 9.5 6.3

Government final consumption expenditure 4.9 5.5 6.9 7.1 3.0 7.8 1.7 7.6

Gross fixed capital formation -16.8 17.1 19.1 9.9 11.9 21.8 14.7 4.3

Private sector -22.4 7.3 8.3 -6.4 16.8 8.3 8.7 13.6

Government 24.1 62.0 51.7 166.3 -1.4 39.3 40.6 -29.3

Exports of goods -7.2 -1.9 23.2 21.7 29.7 17.4 16.4 10.0

Exports of services 47.4 30.1 6.8 5.6 0.7 3.7 8.5 11.1

Imports of goods 15.4 27.0 11.0 13.2 4.8 4.5 10.4 15.7

Imports of services 43.5 32.6 1.4 1.3 -7.1 0.6 1.6 1.1

Note: Starting the third quarter of 2010, chain volume measures are adopted to measure GDP change in real terms.

2012

2011 2010

2010 2011

2012

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

4. PRINCIPAL ECONOMIC INDICATORS OF MACAO

2013 2012 2012 2012 2013 2013

Q1 to Q2 Q2 Q3 Q4 Q1 Q2

A. External Merchandise Trade (Million MOP)

Total exports 6 960.0 6 970.9 8 159.7 4 595.0 1 971.2 2 203.0 2 010.2 2 339.0^r 2 256.0 14.4

Textiles and garments 1 627.3 1 339.0 1 053.4 434.4 267.8 264.6 236.3 211.6^r 222.8 -16.8

Other products 5 332.7 5 631.9 7 106.3 4 160.6 1 703.4 1 938.4 1 773.9 2 127.4^r 2 033.2 19.4

Total imports 44 118.4 62 288.9 70 927.8 38 571.7 17 267.0 17 758.3 18 823.8 18 683.8^r 19 888.0 15.2

Trade balance -37 158.4 -55 318.0 -62 768.1 -33 976.8 -15 295.9 -15 555.3 -16 813.6 -16 344.8^r -17 632.0 -15.3 B. Gaming and tourism

Gross gaming revenue (excluding gratuities)(Million MOP) 189 588 269 058 305 235 172 018 74 670 74 854 81 115 85 600 86 419 15.7

y-on-y % change 57.5 41.9 13.4 15.2 13.3 6.1 9.9 14.8 15.7

Visitor arrivals('000) 24 965.4 28 002.3 28 082.3 14 142.2 6 635.4 7 287.0 7 217.6 7 076.4 7 065.8 6.5

Average length of stay^b (days) 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 -^d

Per capita spending of visitors (MOP) 1 518 1 619 1 864 .. 1 713 1 822 2 019 2 046 1 973 15.2

Hotel occupancy rate (%) 79.8 84.1 83.1 79.6 80.1 84.3 84.6 79.6 79.7 -0.4^a

C. Construction and real estate

Expenditure on public works (Million MOP) 4 274.9 7 666.0 12 536.5 717.2 2 175.3 2 129.6 7 427.5 10.0 707.2 -67.5 Private sector construction

ΓΓ New buildings - no. of units 870 2 159 1 592 1 274 677 392 482 154 1 120 65.4

ΓΓ New buildings - gross floor area ('000 m²) 184 367 304 698 119 80 94 34 664 459.0

ΓΓ Completion of Buildings - no. of units 4 527 1 387 2 558 851 890 1 573 59 273 578 -35.1

ΓΓ Completion of Buildings - gross floor area ('000 m²) 1 272 1 163 1 568 485 938 613 8 399 87 -90.8

No. of building units transacted 29 617 27 624 25 419 11 937 7 845 6 766 7 216 5 423 6 514 -17.0

Value of building units transacted (Million MOP) 56 753.6 76 255.1 100 905.5 59 687.8 31 052.4 26 926.1 31 220.2 25 688.1 33 999.7 9.5 D. Transport (tonne)

Γ Seaborne containerised cargo 178 380 182 959 207 280 90 271 55 303 48 641 53 351 45 191^r 45 080 -18.5

Γ Containerised land cargo 45 718 35 093 30 681 10 958 7 946 6 798 6 664 4 409^r 6 549 -17.6

Γ Air cargo 52 166 39 524 27 794 12 502 6 902 6 794 7 647 5 984 6 517 -5.6

E. Consumption and Prices

Inflation rate (%) 2.8 5.8 6.1 5.3 6.6 6.0 5.6 5.4 5.1 ..

Composite Consumer Price Index (4/2008-3/2009=100) 104.2 110.3 117.0 121.8 116.7 117.7 119.0 120.9 122.7 5.1

Retail sales turnover (Million MOP) 30 642 43 479 52 961 31 484 12 842 12 479 14 405 15 710^r 15 774 22.8

F. Labour force

Unemployment rate (%) 2.8 2.6 2.0 .. 2.1 2.0 1.9 1.9 1.8 -0.3^a

Median monthly employment earnings ('000 MOP) 9.0 10.0 11.3 .. 11.0 11.7 12.0 12.0 12.0 9.1

Non-resident workers in Macao (end-period) 75 813 94 028 110 552 .. 102 557 109 038 110 552 114 716 121 194 18.2 G. Public accounts (Million MOP)

Total revenue 88 488.1 122 972.3 144 994.5 73 856.5 32 004.0 32 266.1 35 605.8 34 520.9 39 335.6 22.9

Tax revenue from gaming 68 776.1 99 656.4 113 377.7 64 904.8 28 746.6 28 000.4 28 883.0 31 216.8 33 688.0 17.2

Total expenditure 38 393.9 45 593.3 54 012.6 17 073.0 15 587.5 10 686.2 24 378.1 6 367.1 10 705.9 -31.3

Balance 50 094.1 77 379.0 90 981.9 56 783.6 16 416.6 21 579.9 11 227.6 28 153.8 28 629.7 ..

H. Money and finance (end-period, Million MOP)

Γ Narrow money supply (M1) 34 729.7 36 243.3 47 621.8 51 950.3 38 719.9 40 586.3 47 621.8 51 207.8 51 950.3 34.2

Γ Broad money supply (M2) 243 053.8 297 963.9 374 931.0 396 394.2 321 473.6 348 198.6 374 931.0 391 112.8 396 394.2 23.3

Γ Resident deposits 237 639.4 291 595.1 367 261.7 388 064.6 314 448.0 340 708.5 367 261.7 382 956.0 388 064.6 23.4

Γ Domestic credit to the private sector 130 676.9 167 855.8 198 701.9 226 647.6 180 024.6 191 593.8 198 701.9 211 007.8 226 647.6 25.9 Γ Net foreign assets 333 837.7 425 292.6 482 694.1 475 511.4 388 684.9 433 036.2 482 694.1 450 722.2^r 475 511.4 22.3 Foreign exchange reserves ^c 190 186.8 272 369.4 132 536.2 127 016.1 134 547.6 132 748.1 132 536.2 129 917.6^r 127 016.1 -5.6 I. Others

ΓNew incorporations 2 991 3 405 3 612 2 134 949 992 790 988 1 146 20.8

ΓCompanies in dissolution 492 511 501 273 131 121 119 129 144 9.9

ΓConsumption of electricity (Million kWh) 3 655.5 3 856.5 4 204.8 2 025.5 1 138.3 1 260.1 985.4 873.1 1 152.3 1.2

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

2013 Q2 year-on-year

% change

在文檔中 AMCM prepares the analysis of Money and Finance and data on tables VIII.1 to VIII.7. DSEC prepares the analysis and data on the remaining sections. (頁 31-39)