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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 Macau into one of the world’s largest gaming centers. 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. In 2008, Macau introduced measures to cool the rapidly developing sector. Macau’s economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010, largely on the back of tourism from mainland China and the gaming sectors. This city of 550,000 hosted nearly 25 million visitors in 2010. Almost 53% came from mainland China. Macau’s traditional manufacturing industry slowed greatly since the termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) between Macau and mainland China that came into effect in January 2004 offers Macau-made products tariff-free access to the mainland; nevertheless, China is Macau’s second largest goods export market, behind Hong Kong, and followed by the United States. However, exports in 2010 were less than US$900 million, while gaming receipts were almost US$24 billion, a 58% increase over 2009. Macau continues to face the challenges of managing its growing casino industry, money-laundering, and the need to diversifying the economy away from heavy dependence on gaming revenues. Macau’s currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
Field info displayed for all countries in alpha order.
$18.47 billion (2009 est.)

country comparison to the world: 130

$18.14 billion (2008 est.)
$14.4 billion (2006)
note: data are in 2011 US dollars
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$22.1 billion (2009 est.)
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1% (2009 est.)

country comparison to the world: 184

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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330,900 (2010 est.)

country comparison to the world: 163

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manufacturing: 4.3%
construction: 8.7%
transport and communications: 5.5%
wholesale and retail trade: 13.3%
restaurants and hotels: 12.7%
gambling: 13.3%
public sector: 6.7%
financial services: 2.4%
other services and agriculture: 33.2% (2010 est.)
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2.9% (2010)

country comparison to the world: 24

3.6% (2009)
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NA%
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lowest 10%: NA%
highest 10%: NA%
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10.6% of GDP (2011 est.)

country comparison to the world: 182

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revenues: $10.98 billion
expenditures: $4.288 billion (2011 est.)
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49.7% of GDP (2011 est.)

country comparison to the world: 16

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30.3% of GDP (2011 est.)

country comparison to the world: 2

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3.9% (2011 est.)

country comparison to the world: 93

2.8% (2010 est.)
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5.3% (31 December 2011 est.)

country comparison to the world: 157

5.3% (31 December 2010 est.)
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$2.901 billion (31 December 2011 est.)

country comparison to the world: 116

$2.495 billion (31 December 2010 est.)
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$28.2 billion (31 December 2011 est.)

country comparison to the world: 77

$30.33 billion (31 December 2010 est.)
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$1.372 billion (31 December 2010 est.)

country comparison to the world: 149

$701.1 million (31 December 2009 est.)
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$46.1 billion (31 February 2011 est.)

country comparison to the world: 97

$2.3 billion (31 December 2008)
$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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-23.7% (2010 est.)

country comparison to the world: 166

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1.1 billion kWh (2010 est.)

country comparison to the world: 145

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3.66 billion kWh (2010 est.)

country comparison to the world: 123

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0 kWh (2010 est.)
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2.79 billion kWh (2010 est.)
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0 bbl/day (2010 est.)

country comparison to the world: 193

Field info displayed for all countries in alpha order.
17,000 bbl/day (2010 est.)

country comparison to the world: 134

Field info displayed for all countries in alpha order.
0 bbl/day (2010 est.)

country comparison to the world: 189

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15,400 bbl/day (2009 est.)

country comparison to the world: 129

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0 bbl (1 January 2011 est.)

country comparison to the world: 156

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0 cu m (2010 est.)

country comparison to the world: 211

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154.7 million cu m (2010)

country comparison to the world: 101

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0 cu m (2010 est.)

country comparison to the world: 137

Field info displayed for all countries in alpha order.
154.5 million cu m (2010 est.)

country comparison to the world: 70

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174,000 cu m (July 2, 1905 est.)

country comparison to the world: 104

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$6.238 billion (2009 est.)

country comparison to the world: 32

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$870 million (2010 est.)

country comparison to the world: 158

$973 million (2009 est.)
note: includes reexports
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clothing, textiles, footwear, toys, electronics, machinery and parts
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Hong Kong 43.1%, China 15.8%, US 11.2%, Germany 4% (2010 est.)
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$5.5 billion (2010 est.)

country comparison to the world: 117

$4.5 billion (2009 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 10.5%, France 9.2%, Japan 8.6%, US 5.9% (2010 est.)
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$23.73 billion (2010) (2010)

country comparison to the world: 54

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$0 (2010)

country comparison to the world: 202

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$12.1 billion (2008 est.)

country comparison to the world: 79

$10.5 billion (#REF! est.)
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$240 million (2009 est.)

country comparison to the world: 79

$964 million (2008)
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patacas (MOP) per US dollar –
8 (2011 est.)
8 (2010 est.)
7.983 (2008)
8.011 (2007)
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calendar year
Source: CIA World Factbook 2012

About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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