Macau - Country Code 853
IDD Code: 00
Country Code: 853
ISO: MO
ISO3: MAC
Helpful Information About Macau
Time
Thursday, November 21, 2024
Capital: Macau
Time Zone
UTC+08:00
Time Difference
Macau, Macau is ()
Daylight Savings Time
Macau does not follow DST
Weather
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About Macau Country NameMacau
ContinentAsia
Lat/Long22.19874500, 113.54387300
BackgroundColonized 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 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 political and economic system would not be imposed on Macau, and that Macau would enjoy a "high degree of autonomy" in all matters except foreign affairs and defense for the subsequent 50 years.
Population597,425
LanguagesCantonese 83.3%, Mandarin 5%, Hokkien 3.7%, English 2.3%, other Chinese dialects 2%, Tagalog 1.7%, Portuguese 0.7%, other 1.3%
ReligionsBuddhist 50%, Roman Catholic 15%, none or other 35% (1997 est.)
Ethnic GroupsChinese 92.4%, Portuguese 0.6%, mixed 1.1%, other 5.9% (includes Macanese - mixed Portuguese and Asian ancestry) (2011 est.)
Economy
EconomySince opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory 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. In 2016, Macau's gaming-related taxes accounted for more than 76% of total government revenue.
Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-13, largely on the back of tourism from mainland China and the gaming sectors. In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau’s economic performance. Mainland China’s ongoing anti-corruption campaign has brought Macau’s gambling boom to a halt, with spending in casinos contracting 34.3% in 2015. As a result, Macau's inflation-adjusted GDP contracted 20.3% in 2015, down from double-digit expansion rates in 2010-13, and another 4.7% in 2016.
Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify 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.
Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-13, largely on the back of tourism from mainland China and the gaming sectors. In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau’s economic performance. Mainland China’s ongoing anti-corruption campaign has brought Macau’s gambling boom to a halt, with spending in casinos contracting 34.3% in 2015. As a result, Macau's inflation-adjusted GDP contracted 20.3% in 2015, down from double-digit expansion rates in 2010-13, and another 4.7% in 2016.
Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify 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.
GDP$44.07 billion (2016 est.)
CurrencyPataca
Communications
Internet TLD.mo
Internet Users460,000
Mobile Phones1.896 million
Broadcast MediaLocal government dominates broadcast media; 2 television stations operated by the government with one broadcasting in Portuguese and the other in Cantonese and Mandarin; 1 cable TV and 4 satellite TV services available; 3 radio stations broadcasting, of which 2 are government-operated (2015)