CONCLUDING REMARKS

The economy of Macao has resumed positive growth in the second half year of 2009. In the

first quarter of 2010, the economy expanded by 30.1% in real terms, attributable to the robust

exports of tourism and gaming services, as well as a low comparison base in the same quarter of

2009.

Looking ahead to the second quarter of 2010, the economy is expected to see continuous

upsurge. In terms of domestic demand, the unemployment rate is expected to stay low that helps to

support steady increase in private consumption spending; however, the weakening private

investment is likely to remain. As regards external demand, merchandise exports is likely to shrink

continuously, yet the decrease tends to narrow further with an already low comparison base in the

second quarter of 2009; the tourism and gaming sector is expected to show favourable increase as

visitor arrivals in April and May rose by 21.7% year-on-year when gross gaming revenue surged by

82.1%. Taking into account these factors and the comparison base in the second quarter of 2009

remained low, the economy of Macao is envisaged to register double-digit growth in the second

quarter of 2010.

白頁

Página vazia Blank page

STATISTICAL 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)

Notes: Owing to rounding, the totals may not correspond to the sum of the partial figures.

The figures presented are subject to regular revisions as and when required.

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

1. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (YEAR-ON-YEAR COMPARISON)

Year-on-year rate of change (%) 1/2

2009 2009 2009 2009 2010

Q1 Q2 Q3 Q4 Q1

USA

　Gross Domestic Product 2.1 0.4 -2.4 -3.3 -3.8 -2.6 0.1 2.5

　Exports of goods 11.9 12.1 -17.9 -21.5 -25.8 -21.5 -1.0

^r

20.3

　Imports of goods 5.6 7.5 -25.9 -30.1 -34.7 -28.8 -7.6 21.3

　Consumer Price Index 2.8 3.8 -0.4 - -1.2 -1.6 1.4 2.4

　Unemployment rate 4.6 5.8 9.3 8.8 9.1 9.6 9.5 10.4

Euro area

^a

　Gross Domestic Product 2.8 0.6 -4.1 -5.1 -4.9 -4.1 -2.1 0.6

　Exports of goods 8.8

^r

3.9

^r

-18.1 -21.1

^r

-22.9

^r

-19.5

^r

-8.6

^r

12.6 　Imports of goods 6.4

^r

8.1 -22.1

^r

-20.9

^r

-26.9

^r

-25.7

^r

-14.5

^r

9.2

　Consumer Price Index 2.1 3.3 0.3 1.0 0.2 -0.4 0.4 1.1

　Unemployment rate 7.5 7.5 9.4 9.3 9.2 9.4

^r

9.8

^r

10.4

Germany

　Gross Domestic Product 2.5 1.3 -4.9

^r

-6.4 -7.0 -4.7 -1.5

^r

1.7

　Exports of goods 8.1 2.0 -17.9 -20.3 -24.9 -19.0 -6.4 10.3

　Imports of goods 4.9 4.7 -16.4 -13.3 -20.4 -18.9 -12.6 5.6

　Consumer Price Index 2.3 2.6 0.3 0.8 0.3 -0.2 0.4 0.8

　Unemployment rate 9.0 7.8 8.2 8.5 8.3 8.2 7.7 8.6

French

　Gross Domestic Product 2.3 0.1

^r

-2.5

^r

-3.9

^r

-3.1

^r

-2.6

^r

-0.4

^r

1.2 　Exports of goods 3.4

^r

2.7

^r

-17.3 -21.0

^r

-20.4

^r

-17.1

^r

-10.0

^r

8.0

　Imports of goods 5.9 5.3 -17.8 -18.5 -21.6

^r

-21.7

^r

-8.4

^r

6.5

　Consumer Price Index 1.5 2.8 0.1 0.6 -0.2 -0.4 0.4 1.3

　Unemployment rate 8.4 7.8 9.5 9.3 9.2 9.4 10.2

^r

10.5

The United Kingdom

　Gross Domestic Product 2.6 0.5 -4.9

^r

-5.3

^r

-5.9

^r

-5.3

^r

-3.1

^r

-0.2

　Exports of goods -9.3 13.9 -9.5 -8.0

^r

-15.9

^r

-14.4 1.2

^r

11.7

　Imports of goods -2.9 11.1 -10.3 -8.7

^r

-16.0 -15.1

^r

-0.7

^r

9.4

　Consumer Price Index 2.3 3.6 2.1 3.0 2.1 1.5 2.1 3.2

　Unemployment rate 5.3 5.7 7.6 7.1 7.8 7.8 7.8 8.0

a The Euro area consists of 16 member states from 2009 onwards.

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

2007 2008 2009

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

1. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (YEAR-ON-YEAR COMPARISON)

Year-on-year rate of change (%) 2/2

2009 2009 2009 2009 2010

Q1 Q2 Q3 Q4 Q1

Mainland China

　Gross Domestic Product 11.9 9.0 8.7 6.2 7.9 9.1 10.7 11.9

　Exports of goods 25.7 17.3 -15.9

^r

-19.7 -23.4 -20.3 0.2 28.7

　Imports of goods 20.7

^r

18.5 -11.3

^r

-30.8

^r

-20.2 -11.7 22.4 64.5

　Consumer Price Index

^a

4.8 5.9 -0.7 -0.6 -1.1 -1.1 -0.7 2.2

Hong Kong

　Gross Domestic Product 6.4 2.2

^r

-2.8

^r

-7.7

^r

-3.8

^r

-2.4

^r

2.5

^r

8.2

　Exports of goods 9.2 5.1 -12.6 -21.9 -12.9 -14.3 -2.0 26.0

　Imports of goods 10.3 5.5 -11.0 -22.8 -14.9 -10.4 3.4 34.3

　Consumer Price Index 2.0 4.3 0.5 1.7 -0.1 -0.9 1.3 1.9

　Unemployment rate 4.0 3.6 5.4

^r

5.1 5.5 5.6 4.7 4.4

Taiwan, China

　Gross Domestic Product 6.0 0.7 -1.9 -9.1 -6.9 -1.0 9.1

^r

13.3

　Exports of goods 10.1 3.6 -20.3 -36.7 -32.0 -20.9 16.9

^r

52.5

　Imports of goods 8.2 9.7 -27.4 -47.2 -37.8 -29.6

^r

18.1

^r

77.6

　Consumer Price Index 1.8 3.5 -0.9 0

^#

-0.9 -1.4 -1.3

^r

1.3

　Unemployment rate 3.9 4.1 5.9 5.6 5.8 6.1 5.9 5.7

Japan

　Gross Domestic Product 2.4 -1.2 -5.2

^r

-8.9

^r

-5.7 -5.2 -1.1

^r

4.6

　Exports of goods 11.5 -3.5 -33.1 -46.9 -38.6

^r

-34.4 -8.0 43.3

　Imports of goods 8.6 8.0 -34.8

^r

-36.8

^r

-39.9

^r

-39.5

^r

-20.9 18.9

　Consumer Price Index - 1.4 -1.4 -0.1 -1.0 -2.2 -2.0 -1.2

　Unemployment rate 3.8 4.0 5.1 4.6 5.2 5.4 5.0 5.1

Republic of Korea

　Gross Domestic Product 5.1 2.3

^r

0.2 -4.3

^r

-2.2 1.0

^r

6.0 7.8

　Exports of goods 14.1 13.6 -13.9 -25.2 -21.1 -17.6 11.7 36.2

　Imports of goods 15.3 22.0 -25.8 -32.7 -35.6 -31.0 1.4 37.3

　Consumer Price Index 2.5 4.6 2.8 3.9 2.8 2.0 2.4 2.7

　Unemployment rate 3.2 3.2 3.6 3.8 3.8 3.6 3.3 4.7

Singapore

　Gross Domestic Product 8.5

^r

1.8

^r

-1.3

^r

-8.9

^r

-1.7

^r

1.8

^r

3.8

^r

15.5

　Exports of goods 4.4 5.8 -18.0 -27.8 -25.4 -20.0 4.9 28.2

　Imports of goods 4.5 13.9 -21.0 -27.6 -28.4 -22.8 -2.7 25.5

　Consumer Price Index 2.1 6.6 0.6 3.4 0.2 -0.3 -0.8 0.9

　Unemployment rate 2.1 2.2 3.0 3.0 4.1 2.9 2.1

^r

2.1

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

2007 2008 2009

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

2. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD (COMPARISON WITH PRECEDING PERIOD)

Change from preceding period (seasonally adjusted) (%)

2009 2009 2009 2009 2010

Q1 Q2 Q3 Q4 Q1

USA

　Gross Domestic Product 2.1 0.4 -2.4 -6.4 -0.7 2.2 5.6

^r

3.0

　Exports of goods 11.9 12.1 -17.9 -14.2

^r

-1.2 7.1 9.1 4.1

　Imports of goods 5.6 7.5 -25.9 -20.4 -3.1 9.5

^r

9.2 4.8

　Consumer Price Index 2.8 3.8 -0.4 -0.6 0.5 0.9 0.6 0.4

　Unemployment rate

^a

4.6 5.8 9.3 8.2 9.3 9.6 10.0 9.7

Japan

　Gross Domestic Product 2.4 -1.2 -5.2

^r

-4.2

^r

1.8

^r

0.1

^r

1.0

^r

1.2

　Exports of goods 11.6 -3.6

^r

-33.2

^r

-26.4

^r

7.1

^r

4.8

^r

12.4

^r

43.4

　Imports of goods 8.3 7.8 -34.8 -25.2

^r

-4.3

^r

3.2

^r

7.1

^r

19.9

　Consumer Price Index - 1.4 -1.4 -0.8 -0.4 -0.5 -0.3 0.2

　Unemployment rate

^a

3.9 4.0 5.1 4.5

^r

5.1

^r

5.4

^r

5.2

^r

4.9

Hong Kong

　Gross Domestic Product 6.4 2.2

^r

-2.8

^r

-3.2

^r

3.1

^r

0.3

^r

2.4

^r

2.4

　Exports of goods 9.2 5.1 -12.6 -13.1 7.7 -3.6 9.1 8.9

　Imports of goods 10.3 5.5 -11.0 -12.4 7.3 3.2 7.6 9.7

　Consumer Price Index 2.0 4.3 0.5 0.4 -0.2 -1.1 2.2 1.0

　Unemployment rate

^a

4.0 3.6 5.4

^r

5.2 5.4 5.3 4.9 4.4

a Unemployment rate 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

2009 2009 2009 2009 2010

Q1 Q2 Q3 Q4 Q1

^@

At current prices:

GDP (MOP billion) 150.2 173.5 169.3 38.1 38.8 43.5 48.9 47.4

GDP per capita (MOP thousand) 285.7 316.1 311.1 .. .. .. .. ..

At constant (2002) prices:

GDP (MOP billion) 125.0 141.2 143.1 32.5 32.3 37.0 41.4 42.2

% growth in real terms

GDP 26.0 12.9 1.3 -12.0 -14.8 8.8 27.4 30.1

Private consumption expenditure 11.7 8.5 2.7 4.9 0

^#

1.1 4.8 2.3

In the domestic market 10.9 7.7 1.9 0.3 -0.9 2.7 5.4 7.0

Abroad 11.7 7.6 2.4 3.5 4.8 -0.8 2.5 -2.1

Government final consumption expenditure 12.9 0.1 10.4 14.6 2.1 18.9 9.2 1.7

Gross fixed capital formation 24.8 -16.8 -35.6 -35.2 -30.6 -41.8 -34.9 -38.9

Private sector 30.7 -16.4 -39.7 -35.5 -33.9 -46.7 -43.3 -39.2

Government -26.9 -23.0 33.0 8.4 165.8 90.0 6.9 -15.8

Exports of goods 0.5 -25.4 -52.0 -50.2 -58.3 -54.6 -41.8 -12.8

Exports of services 35.2 23.7 5.2 -14.7 -14.7 16.0 41.6 51.3

Imports of goods 14.0 -9.4 -17.8 -22.8 -22.9 -18.5 -7.1 16.5

Imports of services 38.6 26.4 -10.5 -25.4 -22.5 -7.1 16.4 53.9

2009

2008 2007

2007 2008

2009

I. PRINCIPAL ECONOMIC INDICATORS OF THE WORLD AND MACAO

4. PRINCIPAL ECONOMIC INDICATORS OF MACAO

2010 2009 2009 2009 2009 2010

Q1 to Q1 Q1 Q2 Q3 Q4 Q1

A. External Merchandise trade (MOP million)

Total exports 20 430.6 16 025.4 7 672.5 1 826.0 2 016.5 1 882.6 1 872.8 1 900.6 1 826.0 -9.4

Textiles and garments 13 394.0 9 145.2 2 469.9 381.9 856.0 650.5 551.3 412.0 381.9 -55.4

Other products 7 036.6 6 880.2 5 202.6 1 444.1 1 160.5 1 232.1 1 321.5 1 488.6 1 444.1 24.4

Total imports 43 113.9 43 034.2 36 902.0 9 871.7 8 272.5 8 666.1 9 702.6 10 260.7 9 871.7 19.3

Trade balance -22 683.3 -27 008.8 -29 229.4 -8 045.8 -6 256.0 -6 783.5 -7 829.9 -8 360.1 -8 045.8 -28.6

B. Gaming and tourism

Gross gaming revenue (excluding gratuities)(MOP million) 83 847 109 826 120 383 41 248 26 252 25 619 32 036 36 476 41 248 57.1

y-on-y % change 45.8 31.0 9.6 57.1 -12.7 -12.2 22.3 49.8 57.1

No. of visitor arrivals ^b(thousand) 26 993.0 22 933.2 21 752.8 6 115.2 5 454.2 4 916.8 5 509.4 5 872.3 6 115.2 12.1

Average length of stay of visitors (days) 1.1 1.1 1.1 .. 1.1 1.1 1.1 1.1 1.0 -0.1

Visitor spending per capita (MOP) 1 637 1 729 1 616 .. 1 638 1 527 1 621 1 807 1 783 8.9

Hotel occupancy rate (%) 77.2 74.3^r 71.4^r 79.0 69.1^r 64.3^r 73.3^r 78.2^r 79.0 9.9^a

C. Construction and real estate

Expenditure on public works (MOP million) 2 938.9 2 415.5 2 887.3 20.8 15.9 481.4 724.3 1 665.7 20.8 31.3 Private sector construction

　　 Buildings started - no. of units 4 390 2 046 1 547 508 1 383 60 63 41 508 -63.3

　　 Buildings started - gross floor area (thousand m²) 2 200 533 229 125 175 35 10 9 125 -28.7

　　 Buildings completed - no. of units 2 051 1 177 3 251 149 768 220 1 245 1 018 149 -80.6

　　 Buildings completed - gross floor area (thousand m²) 1 926 584 1 406 65 178 378 436 414 65 -63.6

No. of building units transacted ^c 32 250 21 516 17 310 6 386 1 664 3 713 5 345 6 588 6 386 283.8

Value of building units transacted ^c(MOP million) 49 080.9 35 024.9 26 298.7 10 024.5 2 125.6 4 572.1 8 977.1 10 623.8 10 024.5 371.6 D. Transport

　 Seaborne containerised cargo (tonne) 329 288 328 196 180 413 40 405 45 315 41 847 43 481 49 770 40 405 -10.8

　 Containerised land cargo (tonne) 75 835 104 312 51 694 9 846 16 158 13 177 12 908 9 450 9 846 -39.1

　 Air cargo (tonne) 180 935 100 767 52 464 13 330 9 824 11 876 14 072 16 692 13 330 35.7

E. Prices and consumption

Inflation rate (%) 5.6 8.6 1.2 1.5 3.3 1.8 -0.2 -0.2 1.5 ..

Composite Consumer Price Index (4/2008-3/2009=100) 92.3 100.2 101.4 102.8 101.3 101.3 101.4 101.6 102.8 1.5 Retail sales turnover (MOP million) 14 195 19 391^r 22 339^r 6 852 5 034^r 5 194^r 5 580^r 6 530^r 6 852 36.1 F. Employment

Unemployment rate (%) 3.1 3.0 3.6 .. 3.8 3.6 3.7 3.1 2.9 -0.9^a

Median monthly employment earnings (MOP thousand) 7.8 8.0 8.5 .. 8.6 8.5 8.5 9.0 9.0 4.7

Non-resident workers in Macao (end-period) 85 207 92 161 74 905 .. 87 789 83 616 77 239 74 905 72 843 -17.0 G. Public accounts (MOP million)

Total revenue 53 710.5 62 259.3^r 69 870.9 16 399.2 10 585.2 14 940.1 15 145.3 16 970.4 16 399.2 54.9

Revenue from gaming sector 31 919.6 43 207.5^r 45 697.5 14 900.0 9 392.0 10 191.0 11 116.3 13 610.0 14 900.0 58.6

Total expenditure 23 346.0 30 443.4^r 35 447.9 3 487.4 4 290.1 8 946.0 7 067.2 13 521.2 3 487.4 -18.7

Balance 30 364.5 31 815.9^r 34 423.0 12 911.8 6 295.1 5 994.1 8 078.1 3 449.2 12 911.8 ..

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

　 Narrow money supply (M1) 22 606.6 24 729.6 30 606.4^r 31 452.2 26 797.7 26 966.5 28 725.4 30 606.4^r 31 452.2 17.4 　 Broad money supply (M2) 185 540.6 189 790.3 212 151.2^r 215 934.5 196 618.3 203 307.7 208 371.2 212 151.2^r215 934.5 9.8 　 Resident deposits 181 615.4 185 389.8 207 245.3^r 210 808.9 192 143.1 198 674.6 203 538.2 207 245.3^r210 808.9 9.7 　 Domestic credit to the private sector 72 053.9 91 801.6 101 067.3^r 105 282.6 92 069.6 93 424.0 96 592.0 101 067.3^r105 282.6 14.4 　 Net foreign assets 216 465.6 233 256.6 275 225.6^r 284 282.4 243 988.0 254 790.4 265 710.5 275 225.6^r284 282.4 16.5 Foreign exchange reserves 106 290.5 127 160.6 146 578.7 156 223.7 134 384.1 141 948.9 142 228.4 146 578.7 156 223.7 16.3 I. Others

　No. of new companies incorporated 3 405 2 738 2 529 694 547 657 651 674 694 26.9

　No. of companies in dissolution 339 447 469 128 149 102 95 123 128 -14.1

　Consumption of electricity (million kWh) 2 984.3 3 311.7 3 463.3 742.6 665.1 882.6 1 095.7 820.0 742.6 11.7

Note: Figures on external merchandise trade for 2010 will be revised later.

a Percentage points

b From 2008 onwards, visitor arrival figures exclude non-resident workers, foreign students, etc.

c Including transaction of residential units valued MOP3,000,000 or less that were exempt from the payment of Stamp Duty according to law.

2007 2008

2010 Q1 year-on-year

% change 2009

在文檔中 MACAO ECONOMIC BULLETIN (頁 30-39)