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Macau's economy enjoyed strong growth in 2009 despite the global economic slowdown, largely on the back of strong tourism and gaming sectors. After opening up its locally-controlled casino industry to foreign competition in 2001, the territory attracted tens of billions of dollars in foreign investment, transforming Macao into the world's largest gaming center. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau's gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for more than 70% of total government revenue. This city of nearly 570,000 hosted more than 21 million visitors in 2009. Almost 51% came from mainland China. Macau's traditional manufacturing industry has virtually disappeared since the termination of the Multi-Fiber Agreement in 2005. In 2009, total exports were less than US$1 billion, while gaming receipts were almost US$15 billion. The Closer Economic Partnership Agreement (CEPA) between Macau and mainland China that came into effect on 1 January 2004 offers Macau-made products tariff-free access to the mainland, nevertheless, China remains Macau's third largest goods export market, behind Hong Kong and the United States. Macau's currency, the Pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
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$18.47 billion (2009 est.)
country comparison to the world: 128
$18.14 billion (2008 est.)
$14.4 billion (2006)
note:
data are in 2009 US dollars
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$22.1 billion (2009 est.)
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1% (2009 est.)
country comparison to the world: 99
12.9% (2008)
26% (2007)
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$33,000 (2009)
country comparison to the world: 39
$31,800 (2008)
$28,400 (2006)
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agriculture: 0.1%
industry:
2.8%
services:
97.1% (2009 est.)
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322,000 (2009 est.)
country comparison to the world: 163
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manufacturing: 4.9%
construction:
9.3%
transport and communications:
5.2%
wholesale and retail trade:
12.6%
restaurants and hotels:
13.6%
gambling:
14.2%
public sector:
6.6%
financial services:
2.1%
other services and agriculture:
31.5% (2009)
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3.6% (2009)
country comparison to the world: 29
3% (2008)
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NA%
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $7.2 billion
expenditures:
$3.6 billion (2009)
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1.2% (December 2009)
country comparison to the world: 49
8.6% (2008)
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5.25% (31 December 2009)
country comparison to the world: 146
5.43% (31 December 2008)
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$4.55 billion (31 December 2009)
country comparison to the world: 71
$3.09 billion (31 December 2008)
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$22.68 billion (31 December 2009 est.)
country comparison to the world: 51
$22.15 billion (31 December 2008)
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$11.5 billion (31 December 2008)
country comparison to the world: 75
$NA (31 December 2007)
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$2.3 billion (31 December 2008 est.)
$NA (31 December 2007)
$413.1 million (2004 est.)
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only 2% of land area is cultivated, mainly by vegetable growers; fishing, mostly for crustaceans, is important; some of the catch is exported to Hong Kong
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tourism, gambling, clothing, textiles, electronics, footwear, toys
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NA%
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1.424 billion kWh (2009 est.)
country comparison to the world: 141
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3.474 billion kWh (2009 est.)
country comparison to the world: 119
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0 kWh (2009 est.)
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2.215 billion kWh (2009 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 169
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16,000 bbl/day (2009 est.)
country comparison to the world: 137
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0 bbl/day (2009 est.)
country comparison to the world: 186
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9,294 bbl/day (2009 est.)
country comparison to the world: 141
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0 bbl (1 January 2009 est.)
country comparison to the world: 143
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0 cu m (2009 est.)
country comparison to the world: 162
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91.3 million cu m (2009)
country comparison to the world: 103
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0 cu m (2009 est.)
country comparison to the world: 160
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97.8 million cu m (2009 est.)
country comparison to the world: 66
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300,000 cu m (1 January 2008 est.)
country comparison to the world: 103
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$NA
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$950 million (2009 est.)
country comparison to the world: 151
$2 billion (2008); note - includes reexports
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clothing, textiles, footwear, toys, electronics, machinery and parts
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Hong Kong 38.7%, US 17.9%, China 14.4%, Germany 4% (2009)
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$4.5 billion (2009 est.)
country comparison to the world: 114
$5.4 billion (2008 est.)
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raw materials and semi-manufactured goods, consumer goods (foodstuffs, beverages, tobacco), capital goods, mineral fuels and oils
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China 31.1%, Hong Kong 10.8%, Japan 8.1%, France 8%, US 6.2% (2009)
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$NA
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$0 (2009)
country comparison to the world: 198
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$13.6 billion (2009 est.)
country comparison to the world: 75
$11.1 billion (2008 est.)
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$980 million (2009 est.)
country comparison to the world: 72
$1 billion (2008 est.)
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patacas (MOP) per US dollar - 7.985 (2009), 7.983 (2008), 8.011 (2007), 8.0015 (2006), 8.011 (2005)
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