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NAVIGATION
Macau Special Administrative Region
Aomen Tebie Xingzhengqu (Chinese)
Regiao Administrativa Especial de Macau (Portuguese)
GOVERNMENT
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Country name:
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conventional long form: Macau Special Administrative Region
conventional short form: Macau local short form: Aomen (Chinese); Macau (Portuguese) local long form: Aomen Tebie Xingzhengqu (Chinese); Regiao Administrativa Especial de Macau (Portuguese) |
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Dependency status:
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special administrative region of China |
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Government type:
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NA |
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Administrative divisions:
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none (special administrative region of China) |
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Independence:
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none (special administrative region of China) |
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National holiday:
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National Day (Anniversary of the Founding of the People's Republic of China), 1 October (1949); note - 20 December 1999 is celebrated as Macau Special Administrative Region Establishment Day |
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Constitution:
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Basic Law, approved in March 1993 by China's National People's Congress, is Macau's "mini-constitution" |
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Legal system:
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based on Portuguese civil law system |
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Suffrage:
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direct election 18 years of age, universal for permanent residents living in Macau for the past seven years; indirect election limited to organizations registered as "corporate voters" (257 are currently registered) and a 300-member Election Committee drawn from broad regional groupings, municipal organizations, and central government bodies |
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Executive branch:
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chief of state: President of China JIANG Zemin (since 27 March 1993)
elections: chief executive chosen by a 200-member selection committee for up to two five-year terms cabinet: Executive Council consists of all five government secretaries, three legislators, and two businessmen head of government: Chief Executive Edmund HO Hau-wah (since 20 December 1999) |
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Legislative branch:
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unicameral Legislative Council or LEGCO (27 seats; 10 elected by popular vote, 10 by indirect vote, and 7 appointed by the chief executive; members serve four-year terms)
election results: percent of vote - NA%; seats by political bloc - Entertainment Industry 3, pro-democracy 2, pro-Beijing Labor Union 2, pro-Beijing Neighborhood Association 2, pro-business 1 elections: last held 23 September 2001 (next to be held NA 2005) |
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Judicial branch:
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The Court of Final Appeal in the Macau Special Administrative Region |
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Political parties and leaders:
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there are no formal political parties, however, there are civic associations that, for purposes of legislative voting, join together to form political blocs |
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Political pressure groups and leaders:
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Catholic Church [Domingos LAM, bishop]; Macau Society of Tourism and Entertainment or STDM [Stanley HO, managing director]; Union for Democracy Development [Antonio NG Kuok-cheong, leader] |
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International organization participation:
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CCC, ESCAP (associate), IHO, IMO (associate), Interpol (subbureau), ISO (correspondent), UNESCO (associate), WMO, WToO (associate), WTrO |
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Diplomatic representation in the US:
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none (special administrative region of China) |
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Diplomatic representation from the US:
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the US has no offices in Macau, and US interests are monitored by the US Consulate General in Hong Kong |
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Flag description:
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light green with a lotus flower above a stylized bridge and water in white, beneath an arc of five gold, five-pointed stars: one large in center of arc and four smaller |
ECONOMY
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Economy - overview:
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Macau's economy two years after reversion to China remains one of the most open in the world, according to the World Trade Organization. The government collects no duty on imports and sets no restrictions on exports beyond those required by international agreements. The territory's net exports of goods and services account for 35% of GDP, with tourism and apparel exports as the mainstays. The territory therefore has been hit hard by the 2001 downturn in its key US and EU export markets. Tourism remained strong, however, driven by a surge in visitors from mainland China. In response to the expected contraction of the economy in 2002, the government has announced a stimulative income tax cut and public works program that will push the budget into deficit. China already has extended support by easing restrictions on travel to Macau and is proposing a China-Hong Kong-Macau free trade area. China's economic weight is increasingly felt, with the mainland now holding more than 50% of assets in the financial, real estate, and construction sectors. Mainlanders, however, have been excluded from bidding on the gambling industry licenses that Macau is offering to break up the territory's four-decade-old gambling monopoly. Gambling taxes account for up to 60% of revenue, and the government with Beijing's backing intends to revitalize the industry. |
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GDP:
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purchasing power parity - $8 billion (2001 est.) |
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GDP - real growth rate:
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0.5% (2001 est.) |
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GDP - per capita:
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purchasing power parity - $17,600 (2001 est.) |
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GDP - composition by sector:
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agriculture: 1%
industry: 25% services: 74% (2000 est.) |
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Population below poverty line:
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NA% |
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
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Inflation rate (consumer prices):
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-2% (2001 est.) |
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Labor force:
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218,000 (2001) |
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Labor force - by occupation:
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restaurants and hotels 26%, manufacturing 20%, other services and agriculture 54% (2000 est.) |
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Unemployment rate:
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6.5% (2001 est.) |
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Budget:
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revenues: $1.15 billion
expenditures: $1.03 billion, including capital expenditures of $166 million (2000 est.) |
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Industries:
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tourism, gambling, clothing, textiles, electronics, footwear, toys |
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Industrial production growth rate:
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NA% |
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Electricity - production:
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1.4 billion kWh (2000) |
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Electricity - production by source:
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fossil fuel: 100%
hydro: 0% other: 0% (2000) nuclear: 0% |
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Electricity - consumption:
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1.476 billion kWh (2000) |
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Electricity - exports:
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1 million kWh (2000) |
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Electricity - imports:
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175 million kWh (2000) |
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Agriculture - products:
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rice, vegetables |
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Exports:
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$2.5 billion f.o.b. (2000) |
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Exports - commodities:
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clothing, textiles, cement, electronics, cameras |
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Exports - partners:
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US 48%, EU 28%, China 10%, Hong Kong 7% (2000) |
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Imports:
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$2.3 billion c.i.f. (2000) |
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Imports - commodities:
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clothing, textiles, yarn, minerals, electrical machinery, fuel, livestock |
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Imports - partners:
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China 41%, Hong Kong 15%, EU 10%, Taiwan 10%, Japan 6% (2000) |
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Debt - external:
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$1.5 billion (1998) |
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Economic aid - recipient:
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$NA |
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Currency:
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pataca (MOP) |
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Currency code:
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MOP |
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Exchange rates:
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patacas per US dollar - 8.033 (January 2002), 8.034 (2001), 8.026 (2000), 7.992 (1999), 7.979 (1998), 7.975 (1997); note - linked to the Hong Kong dollar at the rate of 1.03 patacas per Hong Kong dollar |
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Fiscal year:
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calendar year |