H. OTHER ECONOMIC INDICATORS
VII. PUBLIC ACCOUNTS
VII. PUBLIC ACCOUNTS
2. PUBLIC REVENUE
2017p 2016 2016 2017p 2017p 2017p Structure
Q1 - Q3 Q3 Q4 Q1 Q2 Q3 %
Total revenue Million MOP 161 861.0 116 111.5 110 501.9 85 622.8 26 139.1 28 277.7 26 615.3 28 367.5 30 640.0 100.0
y-on-y % change -8.0 -28.3 -4.8 15.5 -6.0 6.1 10.2 19.0 17.2
1. Current revenue Million MOP 156 735.1 110 080.0 102 952.8 85 431.5 25 624.3 28 092.3 26 582.8 28 233.5 30 615.2 99.9
y-on-y % change 2.7 -29.8 -6.5 16.5 -7.0 6.1 10.6 19.2 19.5
Direct taxes Million MOP 136 016.7 93 417.9 88 456.7 74 657.8 22 659.3 24 303.4 23 356.5 23 956.5 27 344.8 89.2
y-on-y % change 2.7 -31.3 -5.3 16.4 -3.2 8.0 9.9 18.3 20.7
Indirect taxes Million MOP 5 665.5 4 221.1 4 076.2 3 684.8 1 055.0 1 389.2 1 100.6 1 498.3 1 085.9 3.5
y-on-y % change 2.6 -25.5 -3.4 37.1 8.7 25.1 56.2 61.5 2.9
Fees, fines and other penalties Million MOP 2 333.4 2 020.2 2 017.1 1 221.9 409.1 640.3 393.1 395.8 433.0 1.4
y-on-y % change 18.3 -13.4 -0.2 -1.3 2.3 6.8 -14.4 7.1 5.8
Property income Million MOP 3 050.5 3 206.3 1 833.5 1 258.7 266.9 372.8 228.9 880.1 149.7 0.5
y-on-y % change -9.1 5.1 -42.8 -11.8 -81.4 -39.0 -22.2 1.6 -43.9
Transfers Million MOP 8 192.1 5 334.7 5 226.3 4 291.5 1 164.0 1 304.9 1 384.8 1 431.9 1 474.8 4.8
y-on-y % change 4.9 -34.9 -2.0 19.6 -2.5 11.1 11.3 21.4 26.7
Other current revenue Million MOP 1 477.0 1 879.8 1 343.0 316.9 70.1 81.8 118.9 71.0 127.0 0.4
y-on-y % change -2.6 27.3 -28.6 32.0 -50.3 -82.9 49.2 -21.4 81.1
2. Capital revenue Million MOP 5 125.9 6 031.5 7 549.1 191.3 514.8 185.4 32.5 134.0 24.8 0.1
y-on-y % change -78.1 17.7 25.2 -76.1 95.4 8.8 -73.7 -17.4 -95.2
Sales of fixed capital Million MOP 498.0 750.5 675.7 11.0 486.0 160.3 0.8 9.4 0.8 0#
y-on-y % change -89.4 50.7 -10.0 -97.9 227.9 120.5 -96.8 106.6 -99.8
Transfers Million MOP - 0# 0# - - - - - - -
y-on-y % change .. .. - 0.9 .. .. .. .. .. ..
Financial assets Million MOP 425.3 555.8 591.8 116.5 21.3 21.3 12.8 90.5 13.1 0#
y-on-y % change 15.0 30.7 6.5 -22.5 -80.2 - -39.8 -16.0 -38.6
Other capital revenue Million MOP 3 943.1 4 486.3 6 059.0 - - - - - - -
y-on-y % change -78.4 13.8 35.1 .. .. .. .. .. ..
Reimbursements Million MOP 259.5 238.8 222.6 63.7 7.5 3.7 18.9 34.1 10.8 0#
(not deducted from payments) y-on-y % change 136.3 -8.0 -6.8 -53.1 -1.0 -95.1 -76.0 -31.7 44.3 Note: Quarterly figures of public revenue and expenditure only include Non-autonomous services and Administrative autonomous services, whereas annual figures include all
government departments except the Special organizations. Special organizations currently include Macao Post and Telecommunications (Direcção dos Serviços de Correios e Telecomunicações), Macao Postal Savings (Caixa Económica Postal), Pension Fund (Fundo de Pensões), Monetary Authority of Macao (Autoridade Monetária de Macau), Automobile and Maritime Security Fund (Fundo de Garantia Automóvel e Marítimo), Macao Foundation (Fundação Macau), Deposit Protection Fund (Fundo de Garantia de Depósitos) and Social Security Fund (Fundo de Segurança Social).
2014 2015 2016
VII. PUBLIC ACCOUNTS
3. PUBLIC EXPENDITURE
2017p 2016 2016 2017p 2017p 2017p Structure
Q1 - Q3 Q3 Q4 Q1 Q2 Q3 %
Total expenditure Million MOP 67 078.3 80 753.8 82 629.1 49 941.5 21 961.5 28 215.9 13 598.4 21 148.9 15 194.2 100.0
y-on-y % change 30.5 20.4 2.3 -5.0 3.7 -4.1 9.8 16.2 -30.8
1. Current expenditure Million MOP 57 949.4 68 019.3 70 497.9 39 838.1 20 281.6 20 850.2 10 653.0 16 081.4 13 103.7 86.2
y-on-y % change 37.7 17.4 3.6 -18.9 3.1 -1.2 -11.3 -4.5 -35.4
Payroll Million MOP 15 144.3 17 188.8 18 402.4 8 295.7 2 439.1 3 153.8 2 509.7 3 159.2 2 626.9 17.3
y-on-y % change 13.4 13.5 7.1 7.9 6.9 7.6 8.3 7.9 7.7
Goods and services Million MOP 9 629.9 9 984.5 9 851.2 1 889.0 788.0 1 817.3 300.0 803.0 785.9 5.2
y-on-y % change 13.6 3.7 -1.3 -2.0 -24.3 5.4 -16.3 2.8 -0.3
Current transfers Million MOP 30 622.5 37 867.0 39 071.6 27 770.6 16 640.6 15 217.3 6 777.5 11 735.3 9 257.7 60.9
y-on-y % change 66.9 23.7 3.2 -26.6 5.3 -4.4 -19.6 -8.0 -44.4
Other current expenditure Million MOP 2 552.6 2 979.0 3 172.7 1 882.9 413.8 661.8 1 065.7 383.9 433.2 2.9
y-on-y % change 33.0 16.7 6.5 11.8 -24.0 26.8 18.0 4.6 4.7
2. Capital expenditure Million MOP 9 129.0 12 734.6 12 131.2 10 103.4 1 679.9 7 365.7 2 945.4 5 067.5 2 090.5 13.8
y-on-y % change -1.8 39.5 -4.7 195.5 11.2 -11.5 682.2 272.0 24.4
Investments Million MOP 7 815.5 9 726.2 9 506.5 8 233.5 1 407.1 5 772.2 1 126.5 5 028.1 2 078.9 13.7
y-on-y % change 1.3 24.4 -2.3 161.7 -6.9 -13.3 199.2 269.1 47.7
Capital transfers Million MOP 117.5 151.4 635.4 50.0 272.8 254.9 - 38.4 11.6 0.1
y-on-y % change 96.4 28.9 319.7 -81.7 .. 587.0 .. .. -95.7
Financial transactions Million MOP 1 196.0 2 857.0 1 989.3 1 819.9 - 1 338.6 1 818.9 1.0 - -
y-on-y % change -21.7 138.9 -30.4 .. .. -17.8 .. .. ..
Note: Quarterly figures of public revenue and expenditure only include Non-autonomous services and Administrative autonomous services, whereas annual figures include all government departments except the Special organizations. Special organizations currently include Macao Post and Telecommunications (Direcção dos Serviços de Correios e Telecomunicações), Macao Postal Savings (Caixa Económica Postal), Pension Fund (Fundo de Pensões), Monetary Authority of Macao (Autoridade Monetária de Macau), Automobile and Maritime Security Fund (Fundo de Garantia Automóvel e Marítimo), Macao Foundation (Fundação Macau), Deposit Protection Fund (Fundo de Garantia de Depósitos) and Social Security Fund (Fundo de Segurança Social).
Quarterly figures of public expenditure were based on "cheques issued" while the annual amount refers to the expenses paid.
4. PUBLIC INVESTMENT
2017p 2016 2016 2017p 2017p 2017p
Q1 - Q3 Q3 Q4 Q1 Q2 Q3
A. Expenditure on public works Million MOP 5 185.4 7 904.3 7 505.9 7 436.9 1 087.9 4 660.1 1 039.0 4 838.8 1 559.1 y-on-y % change 1.6 52.4 -5.0 198.9 -15.3 -15.8 218.9 350.2 43.3 B. Other public investments Million MOP 2 630.1 1 821.9 2 000.6 796.6 319.2 1 112.1 87.5 189.2 519.8 y-on-y % change 0.9 -30.7 9.8 21.2 40.9 -1.0 72.5 -34.2 62.9 Transport equipment Million MOP 999.2 460.4 402.2 316.4 36.7 296.1 20.1 67.7 228.6 y-on-y % change -9.0 -53.9 -12.6 249.4 -30.9 -12.6 142.7 48.4 523.4 Machinery and equipment Million MOP 873.8 819.4 877.9 130.5 105.2 468.0 11.0 42.0 77.4 y-on-y % change -3.6 -6.2 7.1 -33.9 65.4 -4.3 176.1 -52.3 -26.4 Other investments Million MOP 757.1 542.1 720.5 349.8 177.3 347.9 56.4 79.6 213.8 y-on-y % change 25.7 -28.4 32.9 -5.4 61.5 17.8 46.6 -48.3 20.6 Note: Quarterly figures of public revenue and expenditure only include Non-autonomous services and Administrative autonomous services, whereas annual figures include all
government departments except the Special organizations. Special organizations currently include Macao Post and Telecommunications (Direcção dos Serviços de Correios e Telecomunicações), Macao Postal Savings (Caixa Económica Postal), Pension Fund (Fundo de Pensões), Monetary Authority of Macao (Autoridade Monetária de Macau), Automobile and Maritime Security Fund (Fundo de Garantia Automóvel e Marítimo), Macao Foundation (Fundação Macau), Deposit Protection Fund (Fundo de Garantia de Depósitos) and Social Security Fund (Fundo de Segurança Social).
Quarterly figures of public expenditure were based on "cheques issued" while the annual amount refers to the expenses paid.
2016
2014 2016
2015 2015
2014
VIII. MONEY AND FINANCE
1. MONETARY SURVEY
End-period
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
A. Broad money supply (M2) a Million MOP 487 471.8 472 829.0 532 475.3 505 799.6 532 475.3 547 202.1 556 634.2 567 686.4
y-on-y % change 10.4 - 3.0 12.6 4.9 12.6 14.4 16.2 12.2
MOP Million MOP 124 548.3 141 335.3 163 022.5 157 125.3 163 022.5 173 364.4 176 391.9 180 020.0
y-on-y % change 17.0 13.5 15.3 14.2 15.3 19.7 20.7 14.6
HKD Million MOP 247 205.6 243 506.4 289 233.5 263 864.8 289 233.5 289 360.0 296 198.7 301 983.2
y-on-y % change 5.0 - 1.5 18.8 11.2 18.8 16.9 20.0 14.4
RMB Million MOP 68 707.9 31 880.4 22 469.4 29 280.8 22 469.4 21 226.5 21 912.3 23 871.8
y-on-y % change 25.6 - 53.6 - 29.5 - 34.3 - 29.5 - 24.1 - 29.3 - 18.5
USD Million MOP 36 905.4 45 591.6 45 694.9 43 717.1 45 694.9 52 030.3 50 810.1 50 631.8
y-on-y % change 7.9 23.5 0.2 - 16.6 0.2 12.0 16.2 15.8
Others Million MOP 10 104.6 10 515.3 12 055.0 11 811.4 12 055.0 11 221.0 11 321.3 11 179.6
y-on-y % change - 5.0 4.1 14.6 13.6 14.6 - 1.6 1.0 - 5.3
1. Narrow money supply (M1) b Million MOP 61 863.3 61 661.3 63 674.3 65 315.9 63 674.3 71 296.8 70 050.3 66 559.6
y-on-y % change 5.0 - 0.3 3.3 10.6 3.3 6.3 17.0 1.9
Currency in circulation Million MOP 10 861.0 12 040.2 13 555.8 13 329.1 13 555.8 14 051.7 14 093.8 14 705.3
y-on-y % change 20.9 10.9 12.6 13.9 12.6 11.2 9.3 10.3
Demand deposits Million MOP 51 002.3 49 621.2 50 118.5 51 986.8 50 118.5 57 245.1 55 956.6 51 854.3
y-on-y % change 2.1 - 2.7 1.0 9.8 1.0 5.1 19.0 - 0.3
2. Quasi monetary liabilities c Million MOP 425 608.5 411 167.7 468 801.0 440 483.7 468 801.0 475 905.4 486 583.9 501 126.8
y-on-y % change 11.3 - 3.4 14.0 4.1 14.0 15.8 16.1 13.8
B. Net foreign assets d Million MOP 579 930.4 506 936.4 525 901.6 481 359.5 525 901.6 529 129.3 548 187.9 568 319.5
y-on-y % change 3.3 - 12.6 3.7 - 2.7 3.7 20.0 20.8 18.1
1. Assets Million MOP 1 074 431.5 1 117 731.5 1 034 885.9 1 044 760.3 1 034 885.9 1 072 929.6 1 094 371.0 1 130 979.2
y-on-y % change 12.3 4.0 - 7.4 - 10.5 - 7.4 4.9 3.2 8.3
2. Liabilities Million MOP 494 501.1 610 795.1 508 984.4 563 400.8 508 984.4 543 800.3 546 183.1 562 659.7
y-on-y % change 25.0 23.5 - 16.7 - 16.2 - 16.7 - 6.5 - 10.0 - 0.1
C. Domestic credit Million MOP - 1 180.7 80 553.9 137 059.5 148 726.2 137 059.5 148 607.4 146 243.1 144 416.4
y-on-y % change 97.3 - 6 922.4 70.1 68.2 70.1 - 2.5 - 1.3 - 2.9
1. Public sector e Million MOP - 340 532.8 - 308 839.8 - 285 974.4 - 264 185.0 - 285 974.4 - 271 956.7 - 287 200.2 - 296 896.0
y-on-y % change - 12.9 9.3 7.4 12.5 7.4 - 12.5 - 12.4 - 12.4
2. Private sector f Million MOP 339 352.0 389 393.7 423 033.9 412 911.2 423 033.9 420 564.0 433 443.3 441 312.4
y-on-y % change 31.8 14.7 8.6 5.7 8.6 6.7 7.4 6.9
a M2 = M1 + Quasi monetary liabilities = Net foreign assets + Domestic credit - Sundries.
b M1 includes currency in circulation and demand deposits.
c The quasi monetary liabilities include savings deposits, notice deposits, time deposits, other deposits and certificates of deposit.
d Net foreign assets exclude non-monetary gold and silver.
e Domestic credit to the public sector is the net claims of the monetary institutions on the public sector (credit to the public sector - public sector deposits).
f Domestic credit to the private sector includes loans and advances, bank acceptances and trade bills discounted, and financial applications.
Source : Monetary Authority of Macao
2014 2015 2016
VIII. MONEY AND FINANCE
2. RESIDENT DEPOSITS
End-period
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
Resident deposits Million MOP 476 610.8 460 788.8 518 919.5 492 470.5 518 919.5 533 150.5 542 540.5 552 981.1
y-on-y % change 10.2 - 3.3 12.6 4.6 12.6 14.5 16.4 12.3
1. Demand deposits Million MOP 51 002.3 49 621.2 50 118.5 51 986.8 50 118.5 57 245.1 55 956.6 51 854.3
y-on-y % change 2.1 - 2.7 1.0 9.8 1.0 5.1 19.0 - 0.3
MOP Million MOP 19 182.0 21 554.4 23 200.4 22 748.8 23 200.4 24 865.1 25 450.2 23 341.3
y-on-y % change 12.1 12.4 7.6 14.2 7.6 18.4 24.8 2.6
HKD Million MOP 30 328.4 26 702.5 25 503.9 28 040.3 25 503.9 31 175.7 29 456.1 27 106.1
y-on-y % change - 4.8 - 12.0 - 4.5 7.5 - 4.5 - 2.7 16.0 - 3.3
RMB Million MOP 40.4 25.3 73.7 19.0 73.7 14.6 13.5 13.4
y-on-y % change 278.4 - 37.2 190.7 - 22.4 190.7 - 25.3 - 41.6 - 29.3
USD Million MOP 1 240.5 1 060.9 1 029.6 883.0 1 029.6 866.0 738.3 1 072.7
y-on-y % change 88.2 - 14.5 - 3.0 - 11.3 - 3.0 - 16.9 - 20.6 21.5
Others Million MOP 211.1 278.0 311.0 295.7 311.0 323.7 298.5 320.7
y-on-y % change - 33.7 31.7 11.9 - 3.6 11.9 - 5.8 14.7 8.5
2. Savings deposits Million MOP 133 073.6 145 546.7 169 432.2 167 077.7 169 432.2 177 989.3 183 089.7 191 074.2
y-on-y % change 14.0 9.4 16.4 12.4 16.4 17.2 18.7 14.4
MOP Million MOP 51 324.9 59 563.0 69 265.4 67 031.0 69 265.4 72 280.0 73 092.8 79 187.7
y-on-y % change 16.6 16.1 16.3 17.3 16.3 17.3 16.3 18.1
HKD Million MOP 64 750.5 65 926.4 78 327.6 77 328.3 78 327.6 84 612.0 87 248.6 90 032.5
y-on-y % change 15.7 1.8 18.8 16.6 18.8 23.1 23.9 16.4
RMB Million MOP 4 331.7 4 304.0 3 977.4 4 051.9 3 977.4 3 773.1 3 769.8 3 869.5
y-on-y % change 6.5 - 0.6 - 7.6 - 7.3 - 7.6 - 14.2 - 15.0 - 4.5
USD Million MOP 9 135.7 11 394.8 11 652.7 12 948.4 11 652.7 11 763.3 13 637.8 12 728.3
y-on-y % change - 3.5 24.7 2.3 - 21.9 2.3 - 3.6 19.2 - 1.7
Others Million MOP 3 530.8 4 358.5 6 209.1 5 718.1 6 209.1 5 561.0 5 340.7 5 256.2
y-on-y % change 9.3 23.4 42.5 35.0 42.5 14.1 4.8 - 8.1
3. Notice deposits Million MOP 452.1 280.3 204.7 262.8 204.7 248.4 206.6 256.7
y-on-y % change 11.2 - 38.0 - 27.0 - 5.2 - 27.0 17.6 - 9.6 - 2.3
MOP Million MOP 53.4 52.3 27.9 4.0 27.9 11.1 24.8 6.6
y-on-y % change 137.0 - 2.1 - 46.7 - 83.2 - 46.7 - 35.3 79.3 67.1
HKD Million MOP 357.2 172.3 166.6 156.5 166.6 204.1 144.1 127.2
y-on-y % change 14.5 - 51.7 - 3.3 - 30.3 - 3.3 37.3 - 24.5 - 18.7
RMB Million MOP - 1.3 0.3 0.4 0.3 0.3 0.6 0.3
y-on-y % change - 100.0 .. - 74.1 - 83.9 - 74.1 - 63.9 107.1 - 27.1
USD Million MOP 40.4 53.6 9.2 101.1 9.2 32.3 36.6 122.0
y-on-y % change - 42.7 32.7 - 82.9 290.1 - 82.9 - 25.9 61.9 20.7
Others Million MOP 1.1 0.8 0.7 0.9 0.7 0.5 0.6 0.6
y-on-y % change - 24.8 - 28.1 - 16.5 5.1 - 16.5 - 35.8 - 40.1 - 36.3
Source : Monetary Authority of Macao
2014 2015 2016
VIII. MONEY AND FINANCE
2. RESIDENT DEPOSITS (Cont'd)
End-period
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
4. Time depositsa Million MOP 292 036.8 265 301.0 299 096.7 273 095.6 299 096.7 297 601.1 303 214.0 309 730.7
y-on-y % change 10.1 - 9.2 12.7 - 0.4 12.7 14.9 14.7 13.4
MOP Million MOP 43 120.7 48 119.2 56 963.4 54 004.7 56 963.4 62 146.2 63 722.3 62 770.6
y-on-y % change 18.8 11.6 18.4 10.9 18.4 25.3 27.4 16.2
HKD Million MOP 151 753.7 150 690.0 185 196.9 158 320.5 185 196.9 173 327.5 179 311.2 184 676.3
y-on-y % change 3.0 - 0.7 22.9 9.4 22.9 18.3 19.0 16.6
RMB Million MOP 64 326.9 27 542.3 18 416.1 25 204.9 18 416.1 17 437.1 18 127.0 19 987.6
y-on-y % change 27.1 - 57.2 - 33.1 - 37.3 - 33.1 - 25.9 - 31.6 - 20.7
USD Million MOP 26 475.4 33 072.5 32 986.9 29 771.2 32 986.9 39 355.7 36 373.7 36 695.4
y-on-y % change 10.4 24.9 - 0.3 - 14.5 - 0.3 18.8 16.2 23.3
Others Million MOP 6 360.1 5 876.9 5 533.2 5 794.3 5 533.2 5 334.7 5 679.9 5 600.8
y-on-y % change - 10.2 - 7.6 - 5.8 - 1.0 - 5.8 - 13.8 - 2.8 - 3.3
5. Other deposits Million MOP 45.9 39.6 67.5 47.5 67.5 66.6 73.5 65.1
y-on-y % change - 19.8 - 13.8 70.5 11.1 70.5 7.9 30.4 37.2
MOP Million MOP 6.4 6.3 9.6 7.8 9.6 10.4 8.0 8.4
y-on-y % change - 32.2 - 2.8 53.9 - 15.9 53.9 43.9 15.5 7.8
HKD Million MOP 15.7 15.1 38.4 19.2 38.4 40.7 38.8 41.0
y-on-y % change 10.5 - 3.8 153.8 23.4 153.8 143.5 125.7 114.0
RMB Million MOP 8.9 7.4 1.9 4.8 1.9 1.4 1.4 1.0
y-on-y % change - 65.4 - 16.4 - 74.8 - 37.9 - 74.8 - 79.4 - 79.6 - 78.5
USD Million MOP 13.5 9.6 16.5 13.3 16.5 13.0 23.7 13.4
y-on-y % change 91.6 - 28.3 70.7 45.5 70.7 - 55.5 20.1 0.5
Others Million MOP 1.4 1.1 1.1 2.5 1.1 1.1 1.7 1.4
y-on-y % change 75.6 - 21.2 - 1.7 117.0 - 1.7 - 36.0 - 71.5 - 45.2
a Time depostis include non-negotiable certificates of deposit issued by banks in Macao.
Source : Monetary Authority of Macao
2014 2015 2016
VIII. MONEY AND FINANCE
3. DOMESTIC LOANS TO THE PRIVATE SECTOR - SECTORAL DISTRIBUTIONa
Year-on-year rate of change (%) Balance Structure
2016 2016 2017 2017 2017 Million MOP %
Q3 Q4 Q1 Q2 Q3 2017 2017
Q3 Q3
Total (outstanding balance) 31.8 14.8 8.6 5.7 8.6 6.7 7.4 6.9 440 978.1 100.0
Manufacturing industries 18.7 12.6 31.1 24.1 31.1 28.5 32.5 19.4 16 848.9 3.8
Clothing 4.7 - 12.4 - 7.7 - 42.3 - 7.7 12.6 0.1 3.0 1 197.7 0.3
Other textile productions 20.7 - 8.7 0.4 - 5.7 0.4 15.9 13.5 11.7 659.9 0.1
Machinery and other electrical & 145.9 - 4.1 42.2 76.2 42.2 52.7 23.8 21.1 2 340.2 0.5 electronic goods
Electricity, gas and water - 0.8 4.9 - 4.2 - 9.0 - 4.2 10.2 14.1 19.8 1 362.3 0.3
Construction and public works 36.8 25.7 2.7 1.6 2.7 2.2 5.0 5.7 47 776.1 10.8
Trade (wholesale and retail) 41.0 - 11.3 - 0.3 - 17.7 - 0.3 7.7 3.1 2.8 28 773.8 6.5
Restaurants, hotels and similar 37.9 60.7 7.6 23.6 7.6 1.6 1.1 - 1.3 35 052.2 7.9
Transport, warehouse and communications 17.6 12.7 - 15.2 - 18.9 - 15.2 - 22.5 - 17.1 - 14.2 1 137.0 0.3 Non-monetary financial institutions 98.3 - 52.1 - 23.8 - 7.5 - 23.8 - 5.8 - 14.5 58.6 3 005.1 0.7
Other industries 18.3 34.9 9.1 11.9 9.1 12.0 14.2 9.2 71 308.9 16.2
Credit to individuals 32.3 9.5 10.7 5.7 10.7 6.1 6.6 7.1 235 713.7 53.5
Personal housing loansb 19.9 10.1 8.7 7.5 8.7 7.6 8.1 7.5 146 531.3 33.2
Other personal credit 57.4 8.5 14.0 2.8 14.0 3.7 4.1 6.4 89 182.3 20.2
a Domestic loans to the private sector - sectoral distribution include loans and advances as well as bank acceptances and trade bills discounted.
b Only including loans extended to individuals for the purchase of residential properties.
Source : Monetary Authority of Macao
4. MORTGAGE LOANS
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
New Mortgage Loans approved (Period figures, Million MOP) 149 026.0 139 591.6 100 873.8 32 534.2 24 372.0 21 089.6 27 333.4 29 930.0 - Residential Mortgage Loansa 55 974.3 49 284.7 45 436.2 12 563.9 11 526.8 10 219.7 13 943.1 11 788.7
Resident 52 259.7 45 589.0 41 949.1 12 271.3 10 213.7 9 907.4 12 257.6 9 687.4
Non-resident 3 714.5 3 695.7 3 487.1 292.6 1 313.1 312.4 1 685.4 2 101.3
Of which, collateralised by uncompleted units 10 340.9 9 481.8 6 522.1 783.7 837.5 669.6 1 549.3 445.3 (equitable mortgage)
Resident 7 850.3 8 810.8 6 076.2 767.8 815.6 650.9 1 519.3 436.7
Non-resident 2 490.6 671.0 445.9 15.9 21.9 18.7 30.0 8.6
- Commercial Real Estate Loans 93 051.7 90 306.9 55 437.6 19 970.3 12 845.3 10 869.9 13 390.3 18 141.3
Resident 85 763.9 82 416.7 50 609.4 18 512.4 12 437.9 10 137.5 12 071.2 18 039.4
Non-resident 7 287.8 7 890.2 4 828.3 1 457.9 407.4 732.4 1 319.1 101.9
Gross Loans Outstanding (End-period figures, Million MOP) 274 927.5 336 327.2 351 270.0 348 440.2 351 270.0 352 265.7 358 464.6 361 914.5 - Residential Mortgage Loansa 152 885.0 173 223.6 181 844.2 178 614.1 181 844.2 182 723.5 185 802.7 188 311.4
Resident 143 861.0 162 956.1 169 077.2 167 031.9 169 077.2 171 628.3 174 219.2 176 027.3
Non-resident 9 024.0 10 267.5 12 767.0 11 582.1 12 767.0 11 095.3 11 583.5 12 284.1
- Commercial Real Estate Loans 122 042.4 163 103.5 169 425.8 169 826.1 169 425.8 169 542.1 172 661.9 173 603.0
Resident 110 124.7 143 857.5 152 661.9 151 141.3 152 661.9 152 149.4 154 009.4 155 478.9
Non-resident 11 917.7 19 246.0 16 764.0 18 684.9 16 764.0 17 392.8 18 652.5 18 124.1
Delinquency Ratios (%)b 0.06 0.05 0.15 0.13 0.15 0.15 0.15 0.17
- Residential Mortgage Loansa 0.07 0.09 0.17 0.15 0.17 0.18 0.16 0.19
- Commercial Real Estate Loans 0.05 0.02 0.13 0.11 0.13 0.13 0.14 0.14
a Residential mortgage loans refer to credit facilities provided by banks to individuals and enterprises that are collateralised by residential real estate.
b Delinquency ratio is measured by a ratio of total amount of overdue loans to total outstanding loans. Loans overdue refer to loans on which payments of interest and/or principal are overdue for more than 3 months.
Source : Monetary Authority of Macao
2014
2015 2016
2014
2015 2016
VIII. MONEY AND FINANCE
5. LOAN-TO-DEPOSIT RATIOS OF LOCAL MONETARY INSTITUTIONS
End-period
2016 2016 2017 2017 2017 Structure
Q3 Q4 Q1 Q2 Q3 %
A. Total loansa Million MOP 689 655.0 760 867.8 784 338.6 779 984.7 784 338.6 812 812.6 861 097.1 880 480.9 100.0
y-on-y % change 29.0 10.3 3.1 0.2 3.1 6.6 11.2 12.9
Resident Million MOP 339 057.0 389 078.9 422 691.1 412 571.1 422 691.1 420 225.5 433 108.9 440 978.1 50.1
y-on-y % change 31.8 14.8 8.6 5.7 8.6 6.7 7.4 6.9
Non-resident Million MOP 350 598.0 371 788.8 361 647.5 367 413.7 361 647.5 392 587.1 427 988.2 439 502.8 49.9
y-on-y % change 26.4 6.0 - 2.7 - 5.4 - 2.7 6.5 15.3 19.6
B. Total depositsb Million MOP 790 960.3 859 966.9 941 831.9 929 968.7 941 831.9 989 883.4 989 826.5 999 135.4 100.0
y-on-y % change 16.2 8.7 9.5 7.2 9.5 10.6 8.4 7.4
Resident Million MOP 476 610.8 460 788.8 518 919.5 492 470.5 518 919.5 533 150.5 542 540.5 552 981.1 55.3
y-on-y % change 10.2 - 3.3 12.6 4.6 12.6 14.5 16.4 12.3
Non-resident Million MOP 219 389.3 267 997.1 248 080.5 276 475.7 248 080.5 273 169.4 257 339.9 257 845.5 25.8
y-on-y % change 25.7 22.2 - 7.4 2.4 - 7.4 - 2.9 - 12.1 - 6.7
Public sectorc Million MOP 94 960.2 131 181.0 174 831.9 161 022.6 174 831.9 183 563.5 189 946.1 188 308.9 18.8
y-on-y % change 29.0 38.1 33.3 26.8 33.3 23.8 22.8 16.9
C. Loan-to-deposit ratio (%) d 87.2 88.5 83.3 83.9 83.3 82.1 87.0 88.1 ..
Resident 59.3 65.7 60.9 63.1 60.9 58.6 59.1 59.5 ..
Non-resident 159.8 138.7 145.8 132.9 145.8 143.7 166.3 170.5 ..
a Including loans and advances as well as bank acceptances and trade bills discounted only.
b Including non-negotiable certificates of deposit.
c Public sector deposits with AMCM are excluded. Public sector deposits include Government treasury deposits and deposits of the Governmental Autonomous Agencies, but exclude deposits from the Printing Bureau (Imprensa Oficial), the Macao Post and Telecommunications Bureau (Direcção dos Serviços de Correios e Telecomunicações), the Public Pension Fund (Fundo de Pensões), the Public Pension Fund Provident Fund Scheme, the Central Savings Scheme of the Social Security Fund (Fundo de Segurança Social) and Nonfinancial Public Enterprises (NFPE).
d Loan-to-deposit ratio = Total loans / Total deposits × 100%.
Source : Monetary Authority of Macao
2014 2015 2016
VIII. MONEY AND FINANCE
6. EXCHANGE RATES OF THE MACAO PATACA AGAINST MAJOR CURRENCIESAND EFFECTIVE EXCHANGE RATE INDEX OF MACAO PATACA
Average for the period
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
Pataca per 100 units of foreign currency
USD 798.71 798.50 799.48 798.91 799.00 799.37 802.09 804.91 EUR 1 062.24 886.24 885.07 891.50 861.65 851.60 884.11 945.62
JPY 7.57 6.60 7.38 7.81 7.32 7.04 7.21 7.25
RMB 129.68 126.76 120.21 119.69 116.75 116.44 117.03 120.62
Effective exchange rate indexa 98.12 105.04 106.54 105.88 108.55 109.19 107.49 104.52
a Base Period = January 2010. The weights are based on Macao's average merchandise trade pattern from 2010-2011.
Source : Monetary Authority of Macao
7. INTEREST RATES OF THE MACAO PATACA
End-period annual rates (%)
2016 2016 2017 2017 2017
Q3 Q4 Q1 Q2 Q3
Deposit rates
Savings depositsa 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Macao Interbank Offered Rates (MAIBOR)
1-month 0.2555 0.2371 0.7331 0.2827 0.7331 0.4508 0.4553 0.5621 3-month 0.4000 0.4053 1.0203 0.5975 1.0203 0.9395 0.7769 0.7847
a Interest rates stated are the weighted averages of interest rates provided by the surveyed banks.
Source : Monetary Authority of Macao
2015 2016
2014 2015 2016 2014