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Confidus Solutions ( Gast )
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24.03.2023 11:57
https://www.confiduss.com/en/jurisdictions/macau/economy/ - Economy of Macau Antworten

Economy of Macau
Macau is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Macau is able to offer its citizens social services such as public education, health care, and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Macao exports about US$1.14 billion and imports about US$10.13 billion each year. 2% of the country's population is unemployed. The total number of unemployed in Macau is 12,648. In Macau, 2.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Macau is low, indicating that there is a stable economy. Investors should consider Macau as a safe place for investment and other financial ventures. Government spending on education is 3.3% of GDP. The country's Gini index is 35. Macau experiences good equality. The majority of Macau citizens fall within a narrow income bracket, although some cases can show significant differences.

Currency
The currency of Macau is Macanese Pataca. The plural form of the word Macau pataca is patacas. The symbol used for this currency is ¥ and is abbreviated as MOP. Macau pataca is divided into avo; There are 100 in a pataca.

Credit rating
According to the rating agency Moody's, Macau has a credit rating of Aa3 and the prospects for this rating are stable.

Central bank
In Macau, the institution that administers the state's currency, money supply, and interest rates is called the Monetary Authority of Macau. Locally, the central bank of Macau is called 澳門金融管理局. The average interest rate on deposits offered by local banks in Macau is 0.1%.

National debt
Macau has a public debt of 68% of the country's gross domestic product (GDP) as estimated in 2011.

Control information
Corporate income tax in Macau is 12%. Personal income tax ranges from 0% to 12% depending on your specific situation and income level.

Finances
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Macau is US$51.68 billion. The gross domestic product (GDP) valued as purchasing power parity (PPP) per capita in Macau was last recorded at US$0 million. PPP in Macau is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Macau is 51.753 billion. Based on this statistic, Macau is considered to be moderately strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Macau's gross domestic product (GDP) per capita was last seen at $82 million. The average citizen in Macau has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Macau averaged 11.9% in 2014.

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