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Macau

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Country summary

Capital

Borders

(N/A)

Government type

limited democracy

Population

559,846 (July 2010 est.)[1]

Population growth

1.995% (2010 est.)[1]

Life expectancy

84.36 years[1]

Unemployment

3.6% (2009)[1]

Index of Economic Freedom

20[2]

Corruption Perceptions Index

43[3]


Colonized by the Portuguese in the 16th century, Macau was the first European settlement in the Far East. Pursuant to an agreement signed by China and Portugal on 13 April 1987, Macau became the Macau Special Administrative Region (SAR) of the People's Republic of China on 20 December 1999. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be practiced in Macau, and that Macau would enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.[1]

Economical characteristicsEdit

  • Currency: Macanese pataca (ISO code: MOP)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 5.25% (31 December 2009)[1]
  • Stock of money (M1): $4.55 billion (31 December 2009)[1]
  • Quasi money (with M1 makes M2): $22.68 billion (31 December 2009 est.)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[4] 5 917 6 102 6 187 6 824 7 925 10 251 11 508 14 211 18 599
Govt. debt (% of GDP)[5]
Govt. revenue (% of GDP)[6] 22.534 19.937 22.353 21.699 24.052 24.623 25.834 25.569 28.724 32.543
Govt. expenses (% of GDP)[7] 20.683 16.676 16.963 16.129 15.171 12.307 12.216 11.373 9.988 13.428
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Macau", from The World Facebook. Referenced 2010-09-30.
  2. Heritage Foundation. "Macau", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. Transparency International. "Macau", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. World Bank. "Macau: GDP", from World Bank Data. Referenced 2010-09-30.
  5. World Bank. "Macau: government debt", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Macau: government revenue", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Macau: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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