ction sector. The Closer Economic Partnership
Agreement (CEPA) between Macau and mainland China that came into
effect on 1 January 2004 offers many Macau-made products tariff-free
access to the mainland, and the range of products covered by CEPA
was to be expanded on 1 January 2005.

GDP (purchasing power parity):
$9.1 billion (2003)

GDP - real growth rate:
15.6% (2003)

GDP - per capita:
purchasing power parity - $19,400 (2003)

GDP - composition by sector:
agriculture: 0.1%
industry: 7.2%
services: 92.7% (2002 est.)

Labor force:
231,500 (3rd Quarter, 2004)

Labor force - by occupation:
manufacturing 18.3%, construction 8%, transport and communications
7%, wholesale and retail trade 16.2%, restaurants and hotels 10.9%,
gambling 11.6%, public sector 8.8%, other services and agriculture
19.2% (2003 est.)

Unemployment rate:
4.7% (3rd Quarter, 2004)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2% (3rd quarter, 2004)

Budget:
revenues: $1.84 billion
expenditures: $1.57 billion, including capital expenditures of NA
(2003)

Agriculture - products:
only 2% of land area is cultivated, mainly by vegetable growers;
fishing, mostly for crustaceans, is important, some of catch is
exported to Hong Kong; most food requirements are met by imports,
primarily from China

Industries:
tourism, gambling, clothing, textiles, electronics, footwear, toys

Industrial production growth rate:
NA

Electricity - production:
1.719 billion kWh (2003)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
1.772 billion kWh (2003)

Electricity - exports:
1 million kWh (2003)

Electricity - imports:
179.7 million kWh (2003)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
11,190 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Exports:
$2.58 billion f.o.b., including reexports (2003)

Exports - commodities:
clothing, textiles, footwear, toys, electronics, machinery and parts

Exports - partners:
US 48.7%, China 13.9%, Germany 8.3%, Hong Kong 7.6%, UK 4.4% (2004)

Imports:
$2.76 billion c.i.f. (2003)

Imports - commodities:
raw materials and semi-manufactured goods, consumer goods
(foodstuffs, beve