H. OTHER ECONOMIC INDICATORS
VII. PUBLIC ACCOUNTS
VII. PUBLIC ACCOUNTS
2. PUBLIC REVENUE
2018p 2017 2017 2017 2018p 2018p Structure
Q1 - Q2 Q2 Q3 Q4 Q1 Q2 %
Total revenue Million MOP 116 111.5 110 501.9 126 366.7 64 607.3 28 367.5 30 640.0 32 446.4 31 325.7 33 281.6 100.0
y-on-y % change -28.3 -4.8 14.4 17.5 19.0 17.2 14.7 17.7 17.3
1. Current revenue Million MOP 110 080.0 102 952.8 119 441.0 64 186.4 28 233.5 30 615.2 32 401.7 31 112.3 33 074.1 99.4
y-on-y % change -29.8 -6.5 16.0 17.1 19.2 19.5 15.3 17.0 17.1
Direct taxes Million MOP 93 417.9 88 456.7 103 263.4 55 965.9 23 956.5 27 344.8 28 605.6 27 281.9 28 684.0 86.2
y-on-y % change -31.3 -5.3 16.7 18.3 18.3 20.7 17.7 16.8 19.7
Indirect taxes Million MOP 4 221.1 4 076.2 5 119.3 3 143.0 1 498.3 1 085.9 1 434.5 1 595.6 1 547.4 4.6
y-on-y % change -25.5 -3.4 25.6 20.9 61.5 2.9 3.3 45.0 3.3
Fees, fines and other penalties Million MOP 2 020.2 2 017.1 1 835.0 895.6 395.8 433.0 475.1 471.0 424.7 1.3
y-on-y % change -13.4 -0.2 -9.0 13.5 7.1 5.8 -25.8 19.8 7.3
Property income Million MOP 3 206.3 1 833.5 1 505.6 667.4 880.1 149.7 207.9 55.3 612.1 1.8
y-on-y % change 5.1 -42.8 -17.9 -39.8 1.6 -43.9 -44.2 -75.8 -30.4
Transfers Million MOP 5 334.7 5 226.3 6 211.6 3 384.9 1 431.9 1 474.8 1 591.6 1 645.7 1 739.2 5.2
y-on-y % change -34.9 -2.0 18.9 20.2 21.4 26.7 22.0 18.8 21.5
Other current revenue Million MOP 1 879.8 1 343.0 1 506.1 129.6 71.0 127.0 87.0 62.8 66.8 0.2
y-on-y % change 27.3 -28.6 12.1 -31.7 -21.4 81.1 6.4 -47.2 -5.9
2. Capital revenue Million MOP 6 031.5 7 549.1 6 925.7 420.9 134.0 24.8 44.7 213.4 207.5 0.6
y-on-y % change 17.7 25.2 -8.3 152.8 -17.4 -95.2 -75.9 557.0 54.9
Sales of fixed capital Million MOP 750.5 675.7 36.8 247.1 9.4 0.8 25.0 156.7 90.4 0.3 y-on-y % change 50.7 -10.0 -94.6 2 330.0 106.6 -99.8 -84.4 20 623.3 860.2
Transfers Million MOP 0# 0# 0# - - - - - - -
y-on-y % change .. - 0.9 - 91.2 .. .. .. .. .. ..
Financial assets Million MOP 555.8 591.8 527.7 110.2 90.5 13.1 8.8 8.8 101.4 0.3
y-on-y % change 30.7 6.5 -10.8 6.6 -16.0 -38.6 -58.6 -31.2 12.0
Other capital revenue Million MOP 4 486.3 6 059.0 6 191.5 - - - - - - -
y-on-y % change 13.8 35.1 2.2 .. .. .. .. .. ..
Reimbursements Million MOP 238.8 222.6 169.7 63.6 34.1 10.8 10.9 47.8 15.8 0#
(not deducted from payments) y-on-y % change -8.0 -6.8 -23.8 20.2 -31.7 44.3 192.0 153.4 -53.7 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 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).
2015 2016 2017
VII. PUBLIC ACCOUNTS
3. PUBLIC EXPENDITURE
2018p 2017 2017 2017 2018p 2018p Structure
Q1 - Q2 Q2 Q3 Q4 Q1 Q2 %
Total expenditure Million MOP 80 753.8 82 629.1 81 303.5 33 850.5 21 148.5 15 194.2 27 781.9 15 404.9 18 445.6 100.0
y-on-y % change 20.4 2.3 -1.6 -2.6 16.2 -30.8 -1.5 13.3 -12.8
1. Current expenditure Million MOP 68 019.3 70 497.9 60 645.9 25 868.0 16 081.0 13 103.7 21 568.4 10 625.0 15 242.9 82.6
y-on-y % change 17.4 3.6 -14.0 -3.2 -4.5 -35.4 3.4 -0.3 -5.2
Payroll Million MOP 17 188.8 18 402.4 19 858.4 6 014.4 3 159.2 2 626.9 3 403.8 2 652.2 3 362.1 18.2
y-on-y % change 13.5 7.1 7.9 6.1 7.9 7.7 7.9 5.7 6.4
Goods and services Million MOP 9 984.5 9 851.2 9 575.3 1 050.4 803.0 785.9 1 685.8 347.7 702.8 3.8
y-on-y % change 3.7 -1.3 -2.8 -4.8 2.8 -0.3 -7.2 15.9 -12.5
Current transfers Million MOP 37 867.0 39 071.6 27 838.5 17 080.5 11 735.3 9 257.7 15 881.6 6 483.7 10 596.7 57.4
y-on-y % change 23.7 3.2 -28.7 -7.7 -8.0 -44.4 4.4 -4.3 -9.7
Other current expenditure Million MOP 2 979.0 3 172.7 3 373.6 1 722.7 383.5 433.2 597.2 1 141.4 581.3 3.2
y-on-y % change 16.7 6.5 6.3 18.9 4.5 4.7 -9.8 7.1 51.6
2. Capital expenditure Million MOP 12 734.6 12 131.2 20 657.6 7 982.5 5 067.5 2 090.5 6 213.5 4 779.8 3 202.7 17.4
y-on-y % change 39.5 -4.7 70.3 -0.4 272.0 24.4 -15.6 62.3 -36.8
Investments Million MOP 9 726.2 9 506.5 13 823.7 7 950.0 5 028.1 2 078.9 5 078.0 4 779.8 3 170.2 17.2
y-on-y % change 24.4 -2.3 45.4 29.2 269.1 47.7 -12.0 324.3 -37.0
Capital transfers Million MOP 151.4 635.4 442.2 32.5 38.4 11.6 304.7 - 32.5 0.2
y-on-y % change 28.9 319.7 -30.4 -15.3 .. -95.7 19.5 .. -15.3
Financial transactions Million MOP 2 857.0 1 989.3 6 391.8 - 1.0 - 830.8 - - -
y-on-y % change 138.9 -30.4 221.3 -100.0 .. .. -37.9 -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 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
2018p 2017 2017 2017 2018p 2018p
Q1 - Q2 Q2 Q3 Q4 Q1 Q2
A. Expenditure on public works Million MOP 7 904.3 7 505.9 11 387.7 7 169.7 4 838.8 1 559.1 3 704.8 4 537.9 2 631.8 y-on-y % change 52.4 -5.0 51.7 22.0 350.2 43.3 -20.5 336.8 -45.6 B. Other public investments Million MOP 1 821.9 2 000.6 2 436.0 780.3 189.2 519.8 1 373.2 242.0 538.4 y-on-y % change -30.7 9.8 21.8 182.0 -34.2 62.9 23.5 176.5 184.5 Transport equipment Million MOP 460.4 402.2 712.6 422.7 67.7 228.6 382.2 185.2 237.6 y-on-y % change -53.9 -12.6 77.2 381.5 48.4 523.4 29.1 819.5 251.1 Machinery and equipment Million MOP 819.4 877.9 915.3 91.7 42.0 77.4 533.1 7.3 84.5 y-on-y % change -6.2 7.1 4.3 73.0 -52.3 -26.4 13.9 -33.8 101.0 Other investments Million MOP 542.1 720.5 808.1 265.9 79.6 213.8 458.0 49.6 216.3 y-on-y % change -28.4 32.9 12.2 95.6 -48.3 20.6 31.6 -12.1 171.9
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.
2017
2015 2017
2016 2016
2015
VIII. MONEY AND FINANCE
1. MONETARY SURVEY
End-period
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
A. Broad money supply (M2) a Million MOP 472 829.0 532 475.3 591 465.6 556 634.2 567 686.4 591 465.6 604 204.0 604 704.1
y-on-y % change - 3.0 12.6 11.1 16.2 12.2 11.1 10.4 8.6
MOP Million MOP 141 335.3 163 022.5 182 789.4 176 391.9 180 020.0 182 789.4 187 978.6 191 403.4
y-on-y % change 13.5 15.3 12.1 20.7 14.6 12.1 8.4 8.5
HKD Million MOP 243 506.4 289 233.5 320 296.7 296 198.7 301 983.2 320 296.7 325 827.8 317 895.6
y-on-y % change - 1.5 18.8 10.7 20.0 14.4 10.7 12.6 7.3
RMB Million MOP 31 880.4 22 469.4 24 001.8 21 912.3 23 871.8 24 001.8 26 905.6 26 049.8
y-on-y % change - 53.6 - 29.5 6.8 - 29.3 - 18.5 6.8 26.8 18.9
USD Million MOP 45 591.6 45 694.9 52 951.1 50 810.1 50 631.8 52 951.1 51 983.7 56 510.2
y-on-y % change 23.5 0.2 15.9 16.2 15.8 15.9 - 0.1 11.2
Others Million MOP 10 515.3 12 055.0 11 426.6 11 321.3 11 179.6 11 426.6 11 508.4 12 845.1
y-on-y % change 4.1 14.6 - 5.2 1.0 - 5.3 - 5.2 2.6 13.5
1. Narrow money supply (M1) b Million MOP 61 661.3 63 674.3 72 392.9 70 050.3 66 559.6 72 392.9 78 101.6 79 299.7
y-on-y % change - 0.3 3.3 13.7 17.0 1.9 13.7 9.5 13.2
Currency in circulation Million MOP 12 040.2 13 555.8 14 908.5 14 093.8 14 705.3 14 908.5 15 888.8 15 567.2
y-on-y % change 10.9 12.6 10.0 9.3 10.3 10.0 13.1 10.5
Demand deposits Million MOP 49 621.2 50 118.5 57 484.5 55 956.6 51 854.3 57 484.5 62 212.8 63 732.5
y-on-y % change - 2.7 1.0 14.7 19.0 - 0.3 14.7 8.7 13.9
2. Quasi monetary liabilities c Million MOP 411 167.7 468 801.0 519 072.7 486 583.9 501 126.8 519 072.7 526 102.4 525 404.4
y-on-y % change - 3.4 14.0 10.7 16.1 13.8 10.7 10.5 8.0
B. Net foreign assets d Million MOP 506 936.4 525 901.6 591 796.6 548 187.9 568 320.9 591 796.6 591 405.2 601 888.8
y-on-y % change - 12.6 3.7 12.5 20.8 18.1 12.5 11.8 9.8
1. Assets Million MOP 1 117 731.5 1 034 885.9 1 160 415.6 1 094 371.0 1 130 980.6 1 160 415.6 1 215 017.0 1 285 950.6
y-on-y % change 4.0 - 7.4 12.1 3.2 8.3 12.1 13.2 17.5
2. Liabilities Million MOP 610 795.1 508 984.4 568 619.0 546 183.1 562 659.7 568 619.0 623 611.8 684 061.8
y-on-y % change 23.5 - 16.7 11.7 - 10.0 - 0.1 11.7 14.7 25.2
C. Domestic credit Million MOP 80 553.9 137 059.5 146 848.5 146 243.1 144 416.4 146 848.5 159 018.0 153 408.2
y-on-y % change - 6 922.4 70.1 7.1 - 1.3 - 2.9 7.1 7.0 4.9
1. Public sector e Million MOP - 308 839.8 - 285 974.4 - 311 852.0 - 287 200.2 - 296 896.0 - 311 852.0 - 305 677.0 - 325 433.7
y-on-y % change 9.3 7.4 - 9.0 - 12.4 - 12.4 - 9.0 - 12.4 - 13.3
2. Private sector f Million MOP 389 393.7 423 033.9 458 700.5 433 443.3 441 312.4 458 700.5 464 695.0 478 842.0
y-on-y % change 14.7 8.6 8.4 7.4 6.9 8.4 10.5 10.5
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
2015 2016 2017
VIII. MONEY AND FINANCE
2. RESIDENT DEPOSITS
End-period
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
Resident deposits Million MOP 460 788.8 518 919.5 576 557.2 542 540.5 552 981.1 576 557.2 588 315.2 589 136.9
y-on-y % change - 3.3 12.6 11.1 16.4 12.3 11.1 10.3 8.6
1. Demand deposits Million MOP 49 621.2 50 118.5 57 484.5 55 956.6 51 854.3 57 484.5 62 212.8 63 732.5
y-on-y % change - 2.7 1.0 14.7 19.0 - 0.3 14.7 8.7 13.9
MOP Million MOP 21 554.4 23 200.4 27 223.6 25 450.2 23 341.3 27 223.6 26 991.2 28 457.4
y-on-y % change 12.4 7.6 17.3 24.8 2.6 17.3 8.6 11.8
HKD Million MOP 26 702.5 25 503.9 28 784.3 29 456.1 27 106.1 28 784.3 33 720.9 33 983.7
y-on-y % change - 12.0 - 4.5 12.9 16.0 - 3.3 12.9 8.2 15.4
RMB Million MOP 25.3 73.7 17.2 13.5 13.4 17.2 16.7 16.7
y-on-y % change - 37.2 190.7 - 76.6 - 41.6 - 29.3 - 76.6 14.6 24.0
USD Million MOP 1 060.9 1 029.6 1 155.7 738.3 1 072.7 1 155.7 822.0 726.7
y-on-y % change - 14.5 - 3.0 12.2 - 20.6 21.5 12.2 - 5.1 - 1.6
Others Million MOP 278.0 311.0 303.7 298.5 320.7 303.7 661.9 548.0
y-on-y % change 31.7 11.9 - 2.3 14.7 8.5 - 2.3 104.5 83.6
2. Savings deposits Million MOP 145 546.7 169 432.2 192 391.9 183 089.7 191 074.2 192 391.9 200 822.3 195 936.7
y-on-y % change 9.4 16.4 13.6 18.7 14.4 13.6 12.8 7.0
MOP Million MOP 59 563.0 69 265.4 80 211.5 73 092.8 79 187.7 80 211.5 82 622.6 82 346.3
y-on-y % change 16.1 16.3 15.8 16.3 18.1 15.8 14.3 12.7
HKD Million MOP 65 926.4 78 327.6 90 274.2 87 248.6 90 032.5 90 274.2 96 318.8 91 315.3
y-on-y % change 1.8 18.8 15.3 23.9 16.4 15.3 13.8 4.7
RMB Million MOP 4 304.0 3 977.4 3 942.1 3 769.8 3 869.5 3 942.1 4 592.4 3 982.6
y-on-y % change - 0.6 - 7.6 - 0.9 - 15.0 - 4.5 - 0.9 21.7 5.6
USD Million MOP 11 394.8 11 652.7 12 496.8 13 637.8 12 728.3 12 496.8 11 883.4 11 486.6
y-on-y % change 24.7 2.3 7.2 19.2 - 1.7 7.2 1.0 - 15.8
Others Million MOP 4 358.5 6 209.1 5 467.3 5 340.7 5 256.2 5 467.3 5 405.0 6 805.8
y-on-y % change 23.4 42.5 - 11.9 4.8 - 8.1 - 11.9 - 2.8 27.4
3. Notice deposits Million MOP 280.3 204.7 342.4 206.6 256.7 342.4 232.9 134.0
y-on-y % change - 38.0 - 27.0 67.3 - 9.6 - 2.3 67.3 - 6.3 - 35.2
MOP Million MOP 52.3 27.9 99.4 24.8 6.6 99.4 36.5 14.4
y-on-y % change - 2.1 - 46.7 256.8 79.3 67.1 256.8 228.3 - 41.9
HKD Million MOP 172.3 166.6 134.1 144.1 127.2 134.1 124.9 112.0
y-on-y % change - 51.7 - 3.3 - 19.6 - 24.5 - 18.7 - 19.6 - 38.8 - 22.2
RMB Million MOP 1.3 0.3 0.4 0.6 0.3 0.4 0.3 0.4
y-on-y % change .. - 74.1 12.3 107.1 - 27.1 12.3 - 1.7 - 41.5
USD Million MOP 53.6 9.2 108.0 36.6 122.0 108.0 70.5 6.6
y-on-y % change 32.7 - 82.9 1 078.8 61.9 20.7 1 078.8 118.2 - 81.8
Others Million MOP 0.8 0.7 0.6 0.6 0.6 0.6 0.6 0.5
y-on-y % change - 28.1 - 16.5 - 14.9 - 40.1 - 36.3 - 14.9 4.1 - 3.1
Source : Monetary Authority of Macao
2015 2016 2017
VIII. MONEY AND FINANCE
2. RESIDENT DEPOSITS (Cont'd)
End-period
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
4. Time depositsa Million MOP 265 301.0 299 096.7 326 216.8 303 214.0 309 730.7 326 216.8 325 008.8 329 297.2
y-on-y % change - 9.2 12.7 9.1 14.7 13.4 9.1 9.2 8.6
MOP Million MOP 48 119.2 56 963.4 60 336.8 63 722.3 62 770.6 60 336.8 62 437.5 65 016.6
y-on-y % change 11.6 18.4 5.9 27.4 16.2 5.9 0.5 2.0
HKD Million MOP 150 690.0 185 196.9 201 053.5 179 311.2 184 676.3 201 053.5 195 643.7 192 465.2
y-on-y % change - 0.7 22.9 8.6 19.0 16.6 8.6 12.9 7.3
RMB Million MOP 27 542.3 18 416.1 20 041.2 18 127.0 19 987.6 20 041.2 22 296.1 22 050.1
y-on-y % change - 57.2 - 33.1 8.8 - 31.6 - 20.7 8.8 27.9 21.6
USD Million MOP 33 072.5 32 986.9 39 136.1 36 373.7 36 695.4 39 136.1 39 193.4 44 275.0
y-on-y % change 24.9 - 0.3 18.6 16.2 23.3 18.6 - 0.4 21.7
Others Million MOP 5 876.9 5 533.2 5 649.3 5 679.9 5 600.8 5 649.3 5 438.0 5 490.4
y-on-y % change - 7.6 - 5.8 2.1 - 2.8 - 3.3 2.1 1.9 - 3.3
5. Other deposits Million MOP 39.6 67.5 121.6 73.5 65.1 121.6 38.5 36.5
y-on-y % change - 13.8 70.5 80.2 30.4 37.2 80.2 - 42.2 - 50.3
MOP Million MOP 6.3 9.6 9.7 8.0 8.4 9.7 1.9 1.6
y-on-y % change - 2.8 53.9 1.2 15.5 7.8 1.2 - 81.3 - 80.4
HKD Million MOP 15.1 38.4 50.7 38.8 41.0 50.7 19.4 19.4
y-on-y % change - 3.8 153.8 31.7 125.7 114.0 31.7 - 52.2 - 50.0
RMB Million MOP 7.4 1.9 0.9 1.4 1.0 0.9 - -
y-on-y % change - 16.4 - 74.8 - 54.1 - 79.6 - 78.5 - 54.1 - 100.0 - 100.0
USD Million MOP 9.6 16.5 54.6 23.7 13.4 54.6 14.3 15.3
y-on-y % change - 28.3 70.7 231.8 20.1 0.5 231.8 9.9 - 35.4
Others Million MOP 1.1 1.1 5.7 1.7 1.4 5.7 2.8 0.3
y-on-y % change - 21.2 - 1.7 427.4 - 71.5 - 45.2 427.4 156.6 - 83.5
a Time depostis include non-negotiable certificates of deposit issued by banks in Macao.
Source : Monetary Authority of Macao
2015 2016 2017
VIII. MONEY AND FINANCE
3. DOMESTIC LOANS TO THE PRIVATE SECTOR - SECTORAL DISTRIBUTIONa
Year-on-year rate of change (%) Balance Structure
2017 2017 2017 2018 2018 Million MOP %
Q2 Q3 Q4 Q1 Q2 2018 2018
Q2 Q2
Total (outstanding balance) 14.8 8.6 8.4 7.4 6.9 8.4 10.5 10.5 478 485.9 100.0
Manufacturing industries 12.6 17.6 15.2 17.9 5.2 15.2 16.9 - 9.4 12 749.2 2.7
Clothing - 12.4 -13.9 - 16.2 -15.3 -13.2 -16.2 - 12.3 - 14.8 878.3 0.2
Other textile productions - 8.7 0.4 14.6 13.5 10.3 14.6 - 13.8 - 3.1 623.7 0.1
Machinery and other electrical & - 4.1 39.9 51.1 21.1 19.2 51.1 39.8 22.6 2 243.7 0.5
electronic goods
Electricity, gas and water 4.9 - 4.2 24.0 14.1 19.8 24.0 39.3 52.9 2 063.9 0.4
Construction and public works 25.7 2.7 13.6 5.0 5.7 13.6 5.2 - 0.6 47 184.7 9.9
Trade (wholesale and retail) - 11.3 4.4 5.5 9.4 9.9 5.5 10.0 5.1 31 646.9 6.6
Restaurants, hotels and similar 60.7 7.6 6.9 1.1 - 1.3 6.9 15.5 27.3 43 426.6 9.1
Transport, warehouse and communications 12.7 - 15.2 - 25.9 - 17.1 - 14.2 - 25.9 - 34.8 0.5 1 157.3 0.2 Non-monetary financial institutions - 52.1 - 23.8 76.4 - 14.5 58.6 76.4 - 37.0 - 58.5 1 241.0 0.3
Other industries 34.9 9.1 14.5 14.2 9.2 14.5 10.8 17.5 83 228.4 17.4
Credit to individuals 9.5 10.7 5.5 6.6 7.1 5.5 11.2 10.7 255 787.8 53.5
Personal housing loansb 10.1 8.7 6.9 8.1 7.5 6.9 7.2 7.5 154 952.4 32.4
Other personal credit 8.5 14.0 3.4 4.1 6.4 3.4 17.9 16.1 100 835.3 21.1
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
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
New Mortgage Loans approved (Period figures, Million MOP) 139 591.6 100 873.8 105 047.5 27 333.4 29 930.0 26 694.5 38 022.1 34 062.3 - Residential Mortgage Loansa 49 284.7 45 436.2 45 978.3 13 943.1 11 788.7 10 026.8 12 395.1 16 280.2
Resident 45 589.0 41 949.1 41 674.8 12 257.6 9 687.4 9 822.4 10 751.4 13 427.4
Non-resident 3 695.7 3 487.1 4 303.5 1 685.4 2 101.3 204.4 1 643.7 2 852.8
Of which, collateralised by uncompleted units 9 481.8 6 522.1 3 504.9 1 549.3 445.3 840.7 1 109.4 2 105.3 (equitable mortgage)
Resident 8 810.8 6 076.2 3 415.8 1 519.3 436.7 808.9 1 092.5 2 048.2
Non-resident 671.0 445.9 89.1 30.0 8.6 31.8 16.9 57.1
- Commercial Real Estate Loans 90 306.9 55 437.6 59 069.3 13 390.3 18 141.3 16 667.8 25 627.0 17 782.2
Resident 82 416.7 50 609.4 56 445.9 12 071.2 18 039.4 16 197.8 20 677.3 17 624.5
Non-resident 7 890.2 4 828.3 2 623.3 1 319.1 101.9 470.0 4 949.7 157.7
Gross Loans Outstanding (End-period figures, Million MOP) 336 327.2 351 270.0 368 111.6 358 464.6 361 914.5 368 111.6 378 257.8 392 493.4 - Residential Mortgage Loansa 173 223.6 181 844.2 189 456.5 185 802.7 188 311.4 189 456.5 190 544.8 197 523.4
Resident 162 956.1 169 077.2 177 055.5 174 219.2 176 027.3 177 055.5 177 953.9 182 383.1
Non-resident 10 267.5 12 767.0 12 400.9 11 583.5 12 284.1 12 400.9 12 590.9 15 140.3
- Commercial Real Estate Loans 163 103.5 169 425.8 178 655.2 172 661.9 173 603.0 178 655.2 187 713.1 194 970.0
Resident 143 857.5 152 661.9 161 428.0 154 009.4 155 478.9 161 428.0 167 477.5 174 525.0
Non-resident 19 246.0 16 764.0 17 227.1 18 652.5 18 124.1 17 227.1 20 235.5 20 445.0
Delinquency Ratios (%)b 0.05 0.15 0.17 0.15 0.17 0.17 0.17 0.16
- Residential Mortgage Loansa 0.09 0.17 0.19 0.16 0.19 0.19 0.20 0.19
- Commercial Real Estate Loans 0.02 0.13 0.15 0.14 0.14 0.15 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
2015
2016 2017
2015
2016 2017
VIII. MONEY AND FINANCE
5. LOAN-TO-DEPOSIT RATIOS OF LOCAL MONETARY INSTITUTIONS
End-period
2017 2017 2017 2018 2018 Structure
Q2 Q3 Q4 Q1 Q2 %
A. Total loansa Million MOP 760 867.8 784 338.6 895 978.5 861 097.1 880 480.9 895 978.5 929 727.9 981 335.9 100.0
y-on-y % change 10.3 3.1 14.2 11.2 12.9 14.2 14.4 14.0
Resident Million MOP 389 078.9 422 691.1 458 367.1 433 108.9 440 978.1 458 367.1 464 361.6 478 485.9 48.8
y-on-y % change 14.8 8.6 8.4 7.4 6.9 8.4 10.5 10.5
Non-resident Million MOP 371 788.8 361 647.5 437 611.4 427 988.2 439 502.8 437 611.4 465 366.3 502 850.0 51.2
y-on-y % change 6.0 - 2.7 21.0 15.3 19.6 21.0 18.5 17.5
B. Total depositsb Million MOP 859 966.9 941 831.9 1 022 532.9 989 826.5 999 135.4 1 022 532.9 1 029 461.0 1 042 799.3 100.0
y-on-y % change 8.7 9.5 8.6 8.4 7.4 8.6 4.0 5.4
Resident Million MOP 460 788.8 518 919.5 576 557.2 542 540.5 552 981.1 576 557.2 588 315.2 589 136.9 56.5
y-on-y % change - 3.3 12.6 11.1 16.4 12.3 11.1 10.3 8.6
Non-resident Million MOP 267 997.1 248 080.5 254 210.9 257 339.9 257 845.5 254 210.9 245 127.6 254 697.5 24.4
y-on-y % change 22.2 - 7.4 2.5 - 12.1 - 6.7 2.5 - 10.3 - 1.0
Public sectorc Million MOP 131 181.0 174 831.9 191 764.9 189 946.1 188 308.9 191 764.9 196 018.2 198 964.9 19.1
y-on-y % change 38.1 33.3 9.7 22.8 16.9 9.7 6.8 4.7
C. Loan-to-deposit ratio (%) d 88.5 83.3 87.6 87.0 88.1 87.6 90.3 94.1 ..
Resident 65.7 60.9 59.7 59.1 59.5 59.7 59.2 60.7 ..
Non-resident 138.7 145.8 172.1 166.3 170.5 172.1 189.8 197.4 ..
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 include treasury deposits from the Financial Services Bureau and deposits from the governmental autonomous agencies and the fiscal reserves of the Macao SAR, but exclude deposits from the Printing Bureau, the Macao Post and Telecommunications Bureau, the Pension Fund, the Provident Fund Systems of the Pension Fund and of the Social Security Fund, as well as non-financial public enterprises (NFPE).
d Loan-to-deposit ratio = Total loans / Total deposits × 100%.
Source : Monetary Authority of Macao
2015 2016 2017
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
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
Pataca per 100 units of foreign currency
USD 798.50 799.48 802.62 802.09 804.91 804.15 806.23 808.34 EUR 886.24 885.07 906.77 884.11 945.62 946.61 990.62 963.69
JPY 6.60 7.38 7.16 7.21 7.25 7.12 7.44 7.41
RMB 126.76 120.21 118.89 117.03 120.62 121.52 126.79 126.83
Effective exchange rate indexa 105.04 106.54 106.44 107.49 104.52 104.50 101.13 102.11
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 (%)
2017 2017 2017 2018 2018
Q2 Q3 Q4 Q1 Q2
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 0.2371 0.7331 1.2000 0.4553 0.5621 1.2000 1.0281 2.0093
3-month 0.4053 1.0203 1.3148 0.7769 0.7847 1.3148 1.2059 2.0880
a Interest rates stated are the weighted averages of interest rates provided by the surveyed banks.
Source : Monetary Authority of Macao
2016 2017
2015 2016 2017 2015