Diplomatic representation: as Chinese territory under Portuguese administration, Macanese interests in the US are represented by Portugal; US—the US has no offices in Macau and US interests are monitored by the US Consulate General in Hong Kong
Flag: the flag of Portugal is used
- Economy Overview: The economy is based largely on tourism (including gambling), and textile and fireworks manufacturing. Efforts to diversify have spawned other small industries—toys, artificial flowers, and electronics. The tourist sector has accounted for roughly 25% of GDP, and the clothing industry has provided about two-thirds of export earnings. Macau depends on China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods.
GDP: $2.7 billion, per capita $6,300; real growth rate 5% (1989 est.)
Inflation rate (consumer prices): 9.5% (1989)
Unemployment rate: 2% (1989 est.)
Budget: revenues $305 million; expenditures $298 million, including capital expenditures of $NA (1989)
Exports: $1.7 billion (1989 est.); commodities—textiles, clothing, toys; partners—US 33%, Hong Kong 15%, FRG 12%, France 10% (1987)
Imports: $1.6 billion (1989 est.); commodities—raw materials, foodstuffs, capital goods; partners—Hong Kong 39%, China 21%, Japan 10% (1987)
External debt: $91 million (1985)