to the expected contraction
of the economy in 2002, the government has announced a stimulative
income tax cut and public works program that will push the budget into
deficit. China already has extended support by easing restrictions on
travel to Macau and is proposing a China-Hong Kong-Macau free trade
area. China's economic weight is increasingly felt, with the mainland
now holding more than 50% of assets in the financial, real estate,
and construction sectors. Mainlanders, however, have been excluded
from bidding on the gambling industry licenses that Macau is offering
to break up the territory's four-decade-old gambling monopoly. Gambling
taxes account for up to 60% of revenue, and the government with Beijing's
backing intends to revitalize the industry.

GDP: purchasing power parity - $8 billion (2001 est.)

GDP - real growth rate: 0.5% (2001 est.)

GDP - per capita: purchasing power parity - $17,600 (2001 est.)

GDP - composition by sector: agriculture: 1% industry: 25% services: 74%
(2000 est.)

Population below poverty line: NA%

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

Inflation rate (consumer prices): -2% (2001 est.)

Labor force: 218,000 (2001)

Labor force - by occupation: restaurants and hotels 26%, manufacturing
20%, other services and agriculture 54% (2000 est.)

Unemployment rate: 6.5% (2001 est.)

Budget: revenues: $1.15 billion expenditures: $1.03 billion, including
capital expenditures of $166 million (2000 est.)

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

Industrial production growth rate: NA%

Electricity - production: 1.4 billion kWh (2000)

Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0%
(2000) nuclear: 0%

Electricity - consumption: 1.476 billion kWh (2000)

Electricity - exports: 1 million kWh (2000)

Electricity - imports: 175 million kWh (2000)

Agriculture - products: rice, vegetables

Exports: $2.5 billion (f.o.b., 2000)

Exports - commodities: clothing, textiles, cement, electronics, cameras

Exports - partners: US 48%, EU 28%, China 10%, Hong Kong 7% (2000)

Imports: $2.3 billion (c.i.f., 2000)

Imports - commodities: clothing, textiles, yarn, minerals, electrical
machinery, fuel, livestock

Imports - partners: China 41%, Hong Kong 15%, EU 10%, Taiwan 10%,
Japan 6% (2000)

Debt - external: $1.5 billion (1998)

Economic a