H. OTHER ECONOMIC INDICATORS
VII. PUBLIC ACCOUNTS
VII. PUBLIC ACCOUNTS
2. PUBLIC REVENUE
2016 2015 2015 2015 2016p 2016p Structure
Q1 - Q2 Q2 Q3 Q4 Q1 Q2 %
Total revenue Million MOP 175 949.3 161 861.0 116 111.5 47 995.3 26 755.8 27 805.4 26 642.3 24 153.5 23 841.8 100.0
y-on-y % change 21.3 -8.0 -28.3 -13.3 -35.2 -25.9 -24.0 -15.5 -10.9
1. Current revenue Million MOP 152 567.2 156 735.1 110 080.0 47 709.5 26 405.2 27 541.9 26 472.0 24 029.8 23 679.7 99.3
y-on-y % change 17.2 2.7 -29.8 -12.7 -35.9 -26.1 -24.0 -15.0 -10.3
Direct taxes Million MOP 132 391.8 136 016.7 93 417.9 41 494.0 22 696.6 23 398.8 22 497.5 21 247.8 20 246.3 84.9
y-on-y % change 18.2 2.7 -31.3 -12.7 -36.9 -29.2 -26.2 -14.4 -10.8
Indirect taxes Million MOP 5 521.3 5 665.5 4 221.1 1 632.1 1 164.5 971.0 1 110.8 704.5 927.6 3.9
y-on-y % change 11.4 2.6 -25.5 -23.7 -33.3 -25.9 -6.0 -27.7 -20.3
Fees, fines and other penalties Million MOP 1 973.3 2 333.4 2 020.2 829.0 423.8 400.0 599.5 459.3 369.7 1.6
y-on-y % change 5.7 18.3 -13.4 -8.0 -19.4 -21.6 -15.4 -3.8 -12.8
Property income Million MOP 3 356.4 3 050.5 3 206.3 1 160.7 669.2 1 437.3 610.8 294.2 866.5 3.6
y-on-y % change -4.1 -9.1 5.1 3.3 2.9 213.5 7.0 -35.3 29.5
Transfers Million MOP 7 807.2 8 192.1 5 334.7 2 423.8 1 328.3 1 193.6 1 174.4 1 244.4 1 179.5 4.9
y-on-y % change 19.7 4.9 -34.9 -12.6 -38.0 -34.7 -30.7 -13.9 -11.2
Other current revenue Million MOP 1 517.1 1 477.0 1 879.8 169.9 122.8 141.2 478.9 79.7 90.2 0.4
y-on-y % change 7.7 -2.6 27.3 -21.1 -12.2 28.0 140.6 -13.8 -26.5
2. Capital revenue Million MOP 23 382.1 5 125.9 6 031.5 285.8 350.6 263.5 170.3 123.7 162.2 0.7
y-on-y % change 58.2 -78.1 17.7 -56.4 180.1 -8.8 -25.5 -59.4 -53.8
Sales of fixed capital Million MOP 4 681.4 498.0 750.5 28.3 254.1 148.2 72.7 23.7 4.6 0#
y-on-y % change 499.3 -89.4 50.7 -94.6 202.8 -13.3 -49.8 -91.3 -98.2
Transfers Million MOP - - 0# - - - -
y-on-y % change .. .. .. .. .. .. .. .. ..
Financial assets Million MOP 369.8 425.3 555.8 129.1 21.3 107.7 21.3 21.3 107.7 0.5
y-on-y % change 28.2 15.0 30.7 202.4 -36.9 404.8 - - 404.8
Other capital revenue Million MOP 18 221.1 3 943.1 4 486.3 - - - -
y-on-y % change 33.6 -78.4 13.8 .. .. .. .. .. ..
Reimbursements Million MOP 109.8 259.5 238.8 128.5 75.2 7.6 76.3 78.6 49.9 0.2
(not deducted from payments) y-on-y % change 50.2 136.3 -8.0 52.3 912.6 -92.2 22.4 763.9 -33.7
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 (Direcção dos Serviços de Correios), 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).
2013 2014 2015
VII. PUBLIC ACCOUNTS
3. PUBLIC EXPENDITURE
2016 2015 2015 2015 2016p 2016p Structure
Q1 - Q2 Q2 Q3 Q4 Q1 Q2 %
Total expenditure Million MOP 51 388.6 67 078.3 80 753.8 30 592.3 18 125.3 21 174.4 29 422.3 12 389.0 18 203.3 100.0
y-on-y % change -4.9 30.5 20.4 2.3 13.7 18.9 17.7 5.1 0.4
1. Current expenditure Million MOP 42 090.1 57 949.4 68 019.3 28 853.5 17 067.4 19 663.4 21 101.0 12 012.5 16 841.0 92.5
y-on-y % change 14.3 37.7 17.4 2.5 12.5 18.9 9.3 8.5 -1.3
Payroll Million MOP 13 353.1 15 144.3 17 188.8 5 246.0 2 727.3 2 280.7 2 930.2 2 317.5 2 928.4 16.1
y-on-y % change 10.4 13.4 13.5 7.6 11.6 10.4 10.3 8.0 7.4
Goods and services Million MOP 8 473.9 9 629.9 9 984.5 1 139.6 860.7 1 041.4 1 724.0 358.4 781.1 4.3
y-on-y % change 8.1 13.6 3.7 6.1 -18.9 2.1 -2.4 68.1 -9.2
Current transfers Million MOP 18 344.2 30 622.5 37 867.0 21 189.1 13 090.4 15 796.9 15 925.0 8 430.3 12 758.8 70.1
y-on-y % change 21.6 66.9 23.7 0.7 15.8 21.0 10.3 6.0 -2.5
Other current expenditure Million MOP 1 918.9 2 552.6 2 979.0 1 278.9 389.0 544.4 521.9 906.2 372.7 2.0
y-on-y % change 6.5 33.0 16.7 11.3 10.9 36.7 19.1 19.3 -4.2
2. Capital expenditure Million MOP 9 298.5 9 129.0 12 734.6 1 738.9 1 057.9 1 511.0 8 321.3 376.5 1 362.3 7.5
y-on-y % change -45.9 -1.8 39.5 -1.7 35.6 19.7 46.2 -47.0 28.8
Investments Million MOP 7 711.5 7 815.5 9 726.2 1 738.9 1 016.2 1 511.0 6 655.2 376.5 1 362.3 7.5
y-on-y % change -46.4 1.3 24.4 66.9 31.4 69.7 16.9 1 369.9 34.1
Capital transfers Million MOP 59.8 117.5 151.4 - 41.7 - 37.1 - - -
y-on-y % change -57.7 96.4 28.9 -100.0 .. -100.0 .. .. -100.0
Financial transactions Million MOP 1 527.2 1 196.0 2 857.0 - - - 1 628.9 - - -
y-on-y % change -42.6 -21.7 138.9 -100.0 .. -100.0 .. -100.0 ..
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 (Direcção dos Serviços de Correios), 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
2016 2015 2015 2015 2016p 2016p
Q1 - Q2 Q2 Q3 Q4 Q1 Q2
A. Expenditure on public works Million MOP 5 104.4 5 185.4 7 904.3 1 400.6 815.5 1 284.5 5 531.9 325.8 1 074.7 y-on-y % change -59.3 1.6 52.4 71.3 49.5 91.2 48.5 16 995.7 31.8 B. Other public investments Million MOP 2 607.0 2 630.1 1 821.9 338.3 200.7 226.5 1 123.3 50.7 287.6 y-on-y % change 40.5 0.9 -30.7 50.8 -11.9 3.6 -42.8 113.9 43.3 Transport equipment Million MOP 1 098.0 999.2 460.4 53.9 52.1 53.1 338.8 8.3 45.6 y-on-y % change 54.8 -9.0 -53.9 3.5 -24.8 85.5 -61.7 .. -12.4 Machinery and equipment Million MOP 906.5 873.8 819.4 92.1 34.1 63.6 489.3 4.0 88.1 y-on-y % change 57.7 -3.6 -6.2 147.9 -24.7 -32.6 -13.3 29.3 158.6 Other investments Million MOP 602.5 757.1 542.1 192.4 114.6 109.8 295.3 38.5 153.9 y-on-y % change 5.5 25.7 -28.4 42.3 1.0 14.8 -42.9 86.4 34.3 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 (Direcção dos Serviços de Correios), 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.
2015
2013 2015
2014 2014
2013
VIII. MONEY AND FINANCE
1. MONETARY SURVEY
End-period
2015 2015 2015 2016 2016
Q2 Q3 Q4 Q1 Q2
A. Broad money supply (M2) a Million MOP 441 410.5 487 471.8 472 829.0 488 763.1 482 321.9 472 829.0 478 129.6r 478 843.7
y-on-y % change 17.7 10.4 -3.0 1.1 -1.0 -3.0 0.1r -2.0
MOP Million MOP 106 428.7 124 548.3 141 335.3 132 960.6 137 533.2 141 335.3 144 874.1r 146 189.6
y-on-y % change 17.1 17.0 13.5 14.4 12.0 13.5 10.2r 9.9
HKD Million MOP 235 446.6 247 205.6 243 506.4 244 301.1 237 368.7 243 506.4 247 434.4r 246 743.7
y-on-y % change 12.4 5.0 -1.5 2.4 -1.7 -1.5 3.9r 1.0
Others Million MOP 99 535.2 115 717.8 87 987.3 111 501.4 107 420.0 87 987.3 85 821.1r 85 910.5
y-on-y % change 33.4 16.3 -24.0 -13.4 -12.8 -24.0 -20.6r -23.0
1. Narrow money supply (M1) b Million MOP 58 937.4 61 863.3 61 661.3 66 506.2 59 041.2 61 661.3 67 097.9r 59 894.0
y-on-y % change 23.8 5.0 -0.3 11.9 0# -0.3 11.0r -9.9
Currency in circulation Million MOP 8 981.5 10 861.0 12 040.2 11 401.8 11 704.5 12 040.2 12 641.6 12 891.4
y-on-y % change 20.3 20.9 10.9 17.4 16.1 10.9 10.7 13.1
Demand deposits Million MOP 49 955.9 51 002.3 49 621.2 55 104.4 47 336.7 49 621.2 54 456.3r 47 002.7
y-on-y % change 24.4 2.1 -2.7 10.9 -3.3 -2.7 11.1r -14.7
2. Quasi monetary liabilities c Million MOP 382 473.1 425 608.5 411 167.7 422 257.0 423 280.8 411 167.7 411 031.7r 418 949.7
y-on-y % change 16.9 11.3 -3.4 -0.5 -1.2 -3.4 -1.5r -0.8
B. Net foreign assets d Million MOP 561 495.6 579 930.4 506 936.4r 502 728.2 494 569.0 506 936.4r 440 946.8r 453 522.3
y-on-y % change 16.3 3.3 -12.6 -9.8 -12.3 -12.6 -10.2r -9.8
1. Assets Million MOP 957 133.6 1 074 431.5 1 117 731.5r 1 147 625.0 1 167 240.4 1 117 731.5r1 022 474.0r 1 060 285.2
y-on-y % change 20.5 12.3 4.0 8.1 10.2 4.0 1.6r -7.6
2. Liabilities Million MOP 395 637.9 494 501.1 610 795.1r 644 896.8 672 671.4 610 795.1r 581 527.2r 606 762.9
y-on-y % change 26.9 25.0 23.5 27.8 35.9 23.5 12.9r -5.9
C. Domestic credit Million MOP -44 065.8 -1 180.7 80 553.9 81 874.1 88 399.3 80 553.9 152 367.1r 148 153.9
y-on-y % change 3.0 97.3 -6 922.4 629.6 576.2 -6 922.4 90.9 81.0
1. Public sector e Million MOP -301 577.9 -340 532.8 -308 839.8 -294 271.4 -302 093.6 -308 839.8 -241 754.9r -255 465.5
y-on-y % change -23.5 -12.9 9.3 1.1 4.4 9.3 12.0 13.2
2. Private sector f Million MOP 257 512.1 339 352.0 389 393.7 376 145.5 390 492.9 389 393.7 394 122.0 403 619.4
y-on-y % change 29.6 31.8 14.7 21.8 18.6 14.7 11.2 7.3
D. Sundries g Million MOP 76 019.3 91 277.8 114 661.2r 95 839.2 100 646.4 114 661.2r 115 184.4r 122 832.5
y-on-y % change 21.9 20.1 25.6 12.6 12.5 25.6 23.3r 28.2
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.
g Sundries denote a residual category for other liabilities less other assets. Other liabilities comprise non-monetary liabilities, sundry liabilities such as accounts payable, and paid-up capital and reserves. Other assets consist of nonmonetary gold, fixed assets, and sundry assets such as accounts receivable. The net value of internal adjustment accounts of monetary institutions is also included in this item.
Source : Monetary Authority of Macao
2013 2014 2015
VIII. MONEY AND FINANCE
2. RESIDENT DEPOSITS
End-period
2015 2015 2015 2016 2016
Q2 Q3 Q4 Q1 Q2
Resident deposits Million MOP 432 429.0 476 610.8 460 788.8 477 361.4 470 617.4 460 788.8 465 488.0r 465 952.4
y-on-y % change 17.7 10.2 -3.3 0.7 -1.4 -3.3 -0.1r -2.4
1. Demand deposits Million MOP 49 955.9 51 002.3 49 621.2 55 104.4 47 336.7 49 621.2 54 456.3r 47 002.7
y-on-y % change 24.4 2.1 -2.7 10.9 -3.3 -2.7 11.1r -14.7
MOP Million MOP 17 111.1 19 182.0 21 554.4 20 466.9 19 925.3 21 554.4 21 008.4r 20 388.9
y-on-y % change 29.0 12.1 12.4 15.4 5.6 12.4 4.6r -0.4
HKD Million MOP 31 856.8 30 328.4 26 702.5 33 299.9 26 084.6 26 702.5 32 042.2r 25 400.8
y-on-y % change 22.1 -4.8 -12.0 8.8 -9.1 -12.0 16.9r -23.7
Others Million MOP 988.0 1 492.0 1 364.2 1 337.6 1 326.8 1 364.2 1 405.6 1 212.9
y-on-y % change 23.1 51.0 -8.6 -3.1 -4.9 -8.6 -9.2 -9.3
2. Savings deposits Million MOP 116 735.2 133 073.6 145 546.7 142 998.9 148 676.9 145 546.7 151 827.5r 154 253.2
y-on-y % change 9.7 14.0 9.4 12.7 12.1 9.4 8.7r 7.9
MOP Million MOP 44 019.4 51 324.9 59 563.0 55 007.4 57 158.5 59 563.0 61 611.8r 62 866.6
y-on-y % change 18.5 16.6 16.1 18.2 12.9 16.1 13.0r 14.3
HKD Million MOP 55 952.6 64 750.5 65 926.4 67 391.8 66 341.7 65 926.4 68 741.3r 70 416.4
y-on-y % change 2.6 15.7 1.8 9.0 0.9 1.8 3.5r 4.5
Others Million MOP 16 763.2 16 998.2 20 057.3 20 599.8 25 176.7 20 057.3 21 474.4r 20 970.2
y-on-y % change 14.2 1.4 18.0 11.0 54.4 18.0 14.4r 1.8
3. Notice deposits Million MOP 406.5 452.1 280.3 290.5 277.1 280.3 211.3r 228.5
y-on-y % change 0.2 11.2 -38.0 -35.8 -30.9 -38.0 -44.6r -21.3
MOP Million MOP 22.5 53.4 52.3 13.4 23.6 52.3 17.2r 13.8
y-on-y % change -31.6 137.0 -2.1 -10.5 -0.5 -2.1 -21.9r 3.0
HKD Million MOP 311.9 357.2 172.3 266.7 224.6 172.3 148.7 190.9
y-on-y % change -5.0 14.5 -51.7 -31.0 -33.1 -51.7 -41.4 -28.5
Others Million MOP 72.0 41.5 55.7 10.3 29.0 55.7 45.4r 23.8
y-on-y % change 62.0 -42.4 34.3 -79.8 -30.1 34.3 -57.1r 131.5
4. Time depositsa Million MOP 265 274.2 292 036.8 265 301.0 278 916.5 274 284.0 265 301.0 258 931.2r 264 411.6
y-on-y % change 20.4 10.1 -9.2 -6.0 -7.1 -9.2 -6.5r -5.2
MOP Million MOP 36 284.7 43 120.7 48 119.2 46 062.9 48 712.1 48 119.2 49 587.9r 50 021.9
y-on-y % change 10.0 18.8 11.6 9.2 12.9 11.6 9.3r 8.6
HKD Million MOP 147 311.0 151 753.7 150 690.0 143 329.9 144 702.3 150 690.0 146 485.4r 150 718.4
y-on-y % change 14.6 3.0 -0.7 -1.7 -1.3 -0.7 1.8r 5.2
Others Million MOP 81 678.5 97 162.4 66 491.8 89 523.8 80 869.6 66 491.8 62 857.9r 63 671.3
y-on-y % change 39.0 19.0 -31.6 -17.7 -23.3 -31.6 -28.3r -28.9
5. Other deposits Million MOP 57.2 45.9 39.6 51.0 42.7 39.6 61.7 56.4
y-on-y % change 10.6 -19.8 -13.8 -3.6 -15.9 -13.8 20.3 10.4
MOP Million MOP 9.5 6.4 6.3 8.2 9.2 6.3 7.2 7.0
y-on-y % change 46.3 -32.2 -2.8 27.3 54.6 -2.8 -0.5 -15.5
HKD Million MOP 14.3 15.7 15.1 12.8 15.5 15.1 16.7 17.2
y-on-y % change -63.7 10.5 -3.8 -25.2 -16.3 -3.8 1.3 34.3
Others Million MOP 33.5 23.8 18.2 30.0 18.0 18.2 37.8 32.2
y-on-y % change 460.2 -29.1 -23.4 2.2 -31.6 -23.4 37.1 7.4
a Time depostis include non-negotiable certificates of deposit issued by banks in Macao.
Source : Monetary Authority of Macao
2013 2014 2015
VIII. MONEY AND FINANCE
3. DOMESTIC LOANS TO THE PRIVATE SECTOR - SECTORAL DISTRIBUTION
Year-on-year rate of change (%) Balance Structure
2015 2015 2015 2016 2016 Million MOP %
Q2 Q3 Q4 Q1 Q2 2016 2016
Q2 Q2
Total (outstanding balance) 29.6 31.8 14.8 21.8 18.6 14.8 11.2 7.3 403 279.7 100.0
Manufacturing 13.1 19.0 12.8 -5.2 18.2 12.8 11.6 26.6 11 822.0 2.9
Garments 11.3 4.7 -12.4 11.1 23.1 -12.4 -36.0 -27.7 1 217.8 0.3
Other textile products 5.8 20.7 -8.7 -32.0 -25.1 -8.7 6.7 -7.0 567.2 0.1
Machinery, electric and electronic goods -48.8 145.9 -4.1 -6.4 16.0 -4.1 1.8 36.5 1 511.5 0.4
Electricity, gas and water supply -19.4 -0.8 4.9 -12.7 1.6 4.9 10.5 3.5 1 183.6 0.3
Construction 39.0 36.8 25.7 29.7 31.8 25.7 16.9 10.6 45 192.0 11.2
Trade 11.6 41.0 -11.3 16.1 1.9 -11.3 -20.7 -22.1 27 520.2 6.8
Hotels and restaurants -7.3 37.9 60.7 83.5 47.8 60.7 45.5 32.0 33 742.8 8.4
Transport, storage and communications 18.5 17.6 12.7 24.2 31.6 12.7 2.4 -20.9 1 388.6 0.3
Non-monetary financial institutions 365.8 98.3 -52.1 28.6 -42.5 -52.1 31.5 43.3 3 498.7 0.9
Other industries 16.6 18.2 34.8 19.8 46.0 34.8 23.2 13.8 62 111.0 15.4
Credit to individuals 41.0 32.3 9.5 18.7 11.5 9.5 8.1 5.9 216 820.8 53.8
For house purchasesa 25.9 19.9 10.1 16.1 12.8 10.1 9.7 8.2 133 369.0 33.1
For other purposes 86.7 57.4 8.5 22.7 9.6 8.5 5.5 2.4 83 451.8 20.7
Note: Domestic loans to the private secotr - sectoral distribution including loans and advances as well as bank acceptances and trade bills discounted.
a Only including loans extended to individuals for the purchase of residential properties.
Source : Monetary Authority of Macao
4. MORTGAGE LOANS
2015 2015 2015 2016 2016
Q2 Q3 Q4 Q1 Q2
New Mortgage Loans approved (Period figures, Million MOP) 83 069.4 149 026.0 139 591.6 31 577.0 46 222.3 28 506.9 19 454.7 24 513.0 - Residential Mortgage Loansa 40 021.2 55 974.3 49 284.7 12 008.8 13 390.5 9 880.9 8 418.5 12 927.0
Resident 38 865.9 52 259.7 45 589.0 11 509.3 11 131.1 9 495.1 7 883.0 11 581.2
Non-resident 1 155.3 3 714.5 36 956.9 499.5 2 259.4 385.8 535.5 1 345.9
Of which, collateralised by uncompleted units 1 289.6 10 340.9 9 481.8 2 195.8 2 998.9 1 330.9 2 225.3 2 675.7 (equitable mortgage)
Resident 1 263.0 7 850.3 8 810.8 2 016.9 2 808.1 1 217.9 1 951.3 2 541.5
Non-resident 26.6 2 490.6 671.0 178.9 190.9 112.9 274.0 134.2
- Commercial Real Estate Loans 43 048.2 93 051.7 90 306.9 19 568.2 32 831.8 18 626.0 11 036.1 11 585.9
Resident 41 284.4 85 763.9 82 416.7 17 437.7 29 956.3 17 748.9 10 628.5 9 030.5
Non-resident 1 763.7 7 287.8 7 890.2 2 130.5 2 875.5 877.1 407.6 2 555.4
Gross Loans Outstanding (End-period figures, Million MOP) 203 572.7 274 927.5 336 327.2 306 256.9 324 033.9 336 327.2 342 105.8 345 711.8 - Residential Mortgage Loansa 118 263.0 152 885.0 173 223.6 165 458.0 170 185.7 173 223.6 174 843.7 176 592.1 Resident 112 099.3 143 861.0 162 956.1 155 771.4 160 069.0 162 956.1 163 794.3 165 249.9
Non-resident 6 163.7 9 024.0 10 267.5 9 686.7 10 116.7 10 267.5 11 049.5 11 342.2
- Commercial Real Estate Loans 85 309.7 122 042.4 163 103.5 140 798.9 153 848.2 163 103.5 167 262.0 169 119.7 Resident 79 474.8 110 124.7 143 857.5 125 588.8 136 047.4 143 857.5 147 369.1 148 182.7 Non-resident 5 834.9 11 917.7 19 246.0 15 210.1 17 800.8 19 246.0 19 892.9 20 937.0
Delinquency Ratios (%)b 0.05 0.06 0.05 0.07 0.05 0.05 0.06 0.06
- Residential Mortgage Loansa 0.06 0.07 0.09 0.07 0.08 0.09 0.09 0.10
- Commercial Real Estate Loans 0.03 0.05 0.02 0.07 0.01 0.02 0.02 0.02
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
2013
2014 2015
2013
2014 2015
VIII. MONEY AND FINANCE
5. LOAN-TO-DEPOSIT RATIOS OF LOCAL MONETARY INSTITUTIONS
End-period
2015 2015 2015 2016 2016 Structure
Q2 Q3 Q4 Q1 Q2 %
A. Total loansa Million MOP 534 680.0 689 655.0 760 867.8 761 523.0 778 618.3 760 867.8 762 437.1 774 315.8 100.0
y-on-y % change 31.4 29.0 10.3 20.1 15.3 10.3 7.6 1.7
Resident Million MOP 257 235.0 339 057.0 389 078.9 375 832.0 390 179.5 389 078.9 393 804.1 403 279.7 52.1
y-on-y % change 29.6 31.8 14.8 21.8 18.6 14.8 11.2 7.3
Non-resident Million MOP 277 445.0 350 598.0 371 788.8 385 690.9 388 438.8 371 788.8 368 632.9 371 036.1 47.9
y-on-y % change 33.2 26.4 6.0 18.4 12.2 6.0 4.0 -3.8
B. Total depositsb Million MOP 680 523.7 790 960.3 859 966.9 865 027.7 867 522.1 859 966.9 895 001.2 913 335.0 100.0
y-on-y % change 25.9 16.2 8.7 11.8 8.4 8.7 9.7 5.6
Resident Million MOP 432 429.0 476 610.8 460 788.8 477 361.4 470 617.4 460 788.8 465 488.0r465 952.4 51.0
y-on-y % change 17.7 10.2 -3.3 0.7 -1.4 -3.3 -0.1r -2.4
Non-resident Million MOP 174 490.3 219 389.3 267 997.1 265 976.7 269 949.9 267 997.1 281 220.8r292 679.6 32.0
y-on-y % change 36.7 25.7 22.2 25.6 15.0 22.2 18.9r 10.0
Public sectorc Million MOP 73 604.4 94 960.2 131 181.0 121 689.6 126 954.8 131 181.0 148 292.4 154 703.1 16.9
y-on-y % change 61.0 29.0 38.1 38.2 44.2 38.1 30.7 27.1
C. Loan-to-deposit ratio (%) d 78.6 87.2 88.5 88.0 89.8 88.5 85.2 84.8 ..
Resident 50.8 59.3 65.7 62.7 65.3 65.7 64.2r 65.0 ..
Non-resident 159.0 159.8 138.7 145.0 143.9 138.7 131.1r 126.8 ..
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 (Direcção dos Serviços de Correios), 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
2013 2014 2015
VIII. MONEY AND FINANCE
6. EXCHANGE RATES OF THE MACAO PATACA AGAINST MAJOR CURRENCIES AND EFFECTIVE EXCHANGE RATE INDEX OF MACAO PATACA
Average for the period
2015 2015 2015 2016 2016
Q2 Q3 Q4 Q1 Q2
Pataca per 100 units of foreign currency
USD 798.92 798.71 798.50 798.46 798.41 798.30 800.69 799.38
EUR 1 060.81 1 062.24 886.24 882.97 887.75 873.91 882.32 902.47
JPY 8.1989 7.5743 6.5955 6.5784 6.5309 6.5715 6.9506 7.4030
CNY 130.078 129.681 126.763 128.662 126.136 124.295 122.112 122.134
Effective exchange rate index
a97.53 98.12 105.04 104.20 105.39 106.59 106.66 105.26
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 (%)
2015 2015 2015 2016 2016
Q2 Q3 Q4 Q1 Q2
Deposit rates
Savings deposits
a0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Macao Interbank Offered Rates (MAIBOR)
1-month 0.2387 0.2555 0.2371 0.2518 0.2634 0.2371 0.2467 0.2553
3-month 0.3926 0.4000 0.4053 0.4036 0.4120 0.4053 0.5728 0.5663
a Interest rates stated are the weighted averages of interest rates provided by the surveyed banks.
Source : Monetary Authority of Macao