MacauMacauthe micro economy the micro economy

Chan Wing Yi, 09020500Lau Ho Yee, 09003320

Why study Macau?Why study Macau?

Near to Hong Kongone of the two special administrative

regions of the People's Republic of ChinaSpecial economic characteristics

Comparison between Macau & HKComparison between Macau & HK

Macau◦Area: 29.5 sq km◦Population: 549, 500

HK ◦Area: 1104 sq km◦Population: 7, 061, 200

HK is much more larger than MacauHK is much more larger than Macau

Comparison between Macau & HK Comparison between Macau & HK Macau

◦ Unemployment rate: 2.9%

◦ Per capita GDP (2009): 311,131 MOP = $302050.7786 HKD

◦ GDP (2nd Quarter/2010): 54, 793.7m MOP   = $53194.57m HKD

HK◦ Unemployment rate: 4.9%

◦ Per capita GDP (2009): $29,879 HKD

◦ GDP (2nd Quarter/2010) : $415,921 m HKD

Macau’s economic performance Macau’s economic performance seems to be betterseems to be better

Low unemployment rate

Very high per capita GDP

Government expendituresGovernment expenditures

Macau provides different Macau provides different subsidies to her citizen subsidies to her citizen 聯合早報網訊 : Permanent residents◦ 澳門將連續第三年向每名永久居民發放六千元Non-Permanent residents◦ 非永久居民則有三千六百元

Elderly ◦ 向長者發放五千澳門元的敬老金Public ◦ 向群眾發放五百元醫療券及一百五十元電費津貼

Where does the money Where does the money come from?come from?

Tax revenue of MacauTax revenue of Macau

Structure of Macau’s GDPStructure of Macau’s GDP

Employment structure of MacauEmployment structure of Macau

Industry ◦Recreational, Cultural, Gaming & Other

Services: 24.3%◦Wholesale & Retail Trade: 13.4%

Occupation ◦Clerks (including casino dealers, floorpersons,

betting service operators, etc.): 26.7%◦Service & Sales Workers: 21.9%

Tax revenue of MacauTax revenue of Macau

Fiscal Budget:Fiscal Budget:

Major source of Tax revenue --- gambling

Fiscal Budget Aims:Prescribed by the Macau Basic LawBudget: Revenue > ExpenditureAchieve a fiscal balancekeep the budget commensurate with the growth

rate of its GDP

Difficult to achieve during economic recession

Benefits:Benefits:

An alternative way for economic development

Lack of natural resourcesEnhance the development of gambling-

related industries e.g. Hotel industryCreate job opportunitiesAttract FDI

Gambling industry is important to Macau

Problems Problems

Low labour supply of other sectors 華澳日報 : “ 金沙中國在澳門的發展項目據報因為建築工人

短缺，落成日期需要再次延遲”

Lower the average education level of the population◦ 澳門日報 : “ 本澳青少年受賭場高工資誘惑，年紀輕輕

即入職賭場，不願意升讀大學，長遠而言勢必影響澳門人口質素”

Economic base is very narrow◦「澳門宣告步入衰退 賭業不容樂觀」

Greatly affected by other economies◦Number of tourist in 2007: 2699.30 (ten

thousand)◦ In 2008: 2293.82 (ten thousand)

Ways to improve:Ways to improve:

Encourage education by providing more subsidy

Import labour under goodmonitoring system

Allocate more resources to growing industries

E.g. provide subsidy to developing industries

Further develop the economic activitiesE.g.manufacturing / textile industryCooperated with the nearby cities e.g.

ZhuhaiE.g. Tourism

Conclusion:

Good economic performanceUnhealthy and unstable economyGaming is important (tax revenue,

employment, resources)Affected largely by external demandSocial unrestThe government should improve this

situation

The EndThe End

References References

Macau Government Tourist Officehttp://hk.macautourism.gov.mo/cn/info/

info.php

Statistics and Census Service Macao SAR Government

http://www.dsec.gov.mo/Statistic.aspx

Census and Statistics Department Hong Kong SAR Government

http://www.censtatd.gov.hk/hong_kong_statistics/statistics_by_subject/index_tc.jsp?subjectID=1&charsetID=2&displayMode=T

Sai Kung Healthy and Safe Cityhttp://www.saikunghsc.org.hk/b5g/info/

publish/report2009/03%20Sai%20Kung%20Introduction.pdf

Hong Kong and Economic Trade Officehttp://www.hketousa.gov.hk/usa/press/2010/

jan10/011910.html

US Department of Statehttp://www.state.gov/r/pa/ei/bgn/2747.htm

Currency converterhttp://finance.yahoo.com/currency-converter

澳門日報http://0-libwisesearch.wisers.net.hkbulib. hkbu.edu.hk/ws5/tool.do?wp_dispatch=cofirm-view&doc-ids=news:188c^201004112200187%28S:81455505%29&menu- id=&on-what=selected&from-list&display-style=all&tooldisplay=true

華澳日報http://www.waou.com.mo/detail.asp?id=47845

逾 60 ％人料樓價再漲http://thesun.on.cc/cnt/finance/

20101118/00434_018.html?pubdate=20101118

中原料澳門全年住宅 成交增 59 ％http://www.mpfinance.com/htm/Finance/

20101007/News/ec_ecc1.htm

澳門宣告步入衰退 賭業不容樂觀http://www.takungpao.com.hk/news/

09/05/30/_IN-1090333.htm