MACAU     

     

Country Fact Sheet               

 

U.S. Consul General: Michael Klosson

 

 

Profile

Population:                          438,000

Religion(s):                          Buddhist, Roman Catholic

Government:                      Special Administrative region of the People=s Republic of China

Language(s):                        Cantonese and Portuguese

 

Domestic Economy (in US$ millions)

 

 

 

1998

 

1999

 

2000 est.*

 

GDP (current prices)

 

6,487

 

6,151

 

N/A

 

GDP growth rate (%)

 

-4.6

 

-2.9

 

N/A

 

GDP per capita (US$)

 

16,900

 

14,125

 

N/A

 

Inflation (%)

 

0.2

 

-3.2

 

N/A

 

Unemployment (%)

 

4.6

 

6.4

 

6.8

 

Average exchange rate (Patacas/US$)

 

7.98

 

7.99

 

8.01

* Forecast for GDP growth rate, inflation and spending from Hong Kong government; others from the FY 2001 Country Commercial Guide.

 

Trade (US$ millions)

 

 

 

1998

 

1999

 

2000 est.*

 

Macau=s data:

 

 

 

 

 

 

 

Total exports (including re-exports)

 

2,136

 

2,198

 

2,548

 

Total imports

 

1,950

 

2,040

 

2,262

 

Exports to U.S. (including re-exports)

 

1,018

 

1,031

 

1,230

 

Imports from U.S.

 

 91.7

 

103.8

 

102.5

 

U.S. share of total Macau imports (%)

 

   4.7

 

    5.1

 

    4.5

 

U.S. data:

 

 

 

 

 

 

 

U.S. Exports

 

91

 

93

 

N/A

 

U.S. Imports

 

1,011

 

1,025

 

N/A

 

Trade Balance:

 

 

 

 

 

N/A

  

 

Source: FY 2001 Hong Kong Country Commercial Guide

 

 

Principal U.S. Exports and Imports: Imports: Textiles and clothing, manufactured goods (especially toys); Exports:raw materials, consumer goods, fuels, foodstuffs.

 

Foreign Market Share of Macau Imports (1999)

 

1.China 33%                        3. EU                                                11%                                5. Japan                                8%

2. Hong Kong                 24%                                 4. Taiwan                                10%                               

 

 

Trade Balances with Leading Trading Partners (U.S.$ Billions)

(as reported by the  government)

 

   1997

 

1998

 

1999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Direct Investment

$         Total U.S. direct investment in Hong Kong in 1999 totaled approximately US $20.8 billion.

$         The United States is one of the largest foreign investors in Hong Kong along with the U.K., China, and Japan.

$         U.S. data for 1999 reports that there are some 1,100 U.S. firms, including more than 400 regional operations in Hong Kong. 

 

U.S. and Foreign Commercial Service Staffing

 

Senior Commercial Officer, U.S. Consulate in Hong Kong: Barry Friedman;

Commercial Officers: David Murphy, Joel Fischl, Dien Ly

 

Department of Commerce Contacts:

 

Zarema Arutyunova

Office of China Economic Area

Tel.: (202) 482-5527

Fax: (202) 482-1576

 

 

Sources: U.S. Consulate Hong Kong, USDOC, World Trade Atlas, Government of Hong Kong