Macau ranks seventh best place to live in Asia
Macau is ranked as the seventh best place to live in Asia according to a survey released by ECA International. Singapore is the best city for Asian expatriates to live, with Hong Kong and Tokyo ranked joint fourth behind Singapore. ECA International’s annual survey in based on categories such as climate, air quality, health services, housing and utilities, social network and leisure facilities, infrastructure, personal safety and political tension.
(Source﹕ Macau Daily News)
Per-Capita visitor expenditure reaches MOP1,637 in 2007
Information from the Statistics and Census Service indicated that Macau registered a record high of 26,992,995 visitor arrivals in 2007, and the per-capita spending of visitors was MOP1,637, up by 2% over 2006, of which Mainland visitors had the highest per-capita spending of MOP3,080. Per-capita non-shopping spending (excluding gaming expenses) of visitors increased by 10% to MOP945. Expenses on accommodation and food & beverage accounted for 42% and 38% respectively of the non-shopping spending. Whereas the pre-capita shopping spending of visitors posted a decrease of 7 % over 2006, at MOP692；spending on local food products (29% of the total shopping spending), clothing (16%) and jewellery/ watches (16%) took the largest shares.
(Source﹕ Macau Statistic and Census Service (DSEC))
Banks in Macau total assets of MOP328.1 Billion in 2007
According to the information released by the Monetary Authority of Macau (AMCM), financial sector had great achievements last year. By the end of the year, the total assets of the banks in Macau amounted to MOP328.1 billion, an increase of 20% to that of the previous year. Business volume of non-bank financial institutions including money changers, cash remittance companies and securities agents exhibited hefty increases of 43.6%, 47.3% and 221.1% respectively. Total premiums earned by the insurance industry last year amounted to MOP3.22 billion showing an increase of 29.8% in comparison to the previous year. Under the sound management of the Foreign Exchange Reserves ant the Macau SAR Reserve Fund, progress has been made in capital preservation and growth in 2007. The Foreign Exchange Reserves stood at MOP106.3 billion with an increase of 45.4% to that of the previous year while the MSAR Reserve Fund valued at MOP12.24 billion was showing a growth of 5.34%.
(Source﹕ Monetary Authority of Macau (AMCM))
Macau’s Ranking in the 2008 blue book of city competitiveness in China
The 2008 Blue Book of City Competitiveness in China conducted quantitative research and analysis of the comprehensive competitiveness of over 200 cities in China, including Hong Kong, Macau and Taiwan. Macau ranks seventh in structural competitiveness and second in quality competitiveness.
(Source﹕ The Blue Book of City Competitiveness in China, by the Chinese Academy of Social Sciences)
GDP of Macau reaches MOP153.6 Billion in 2007
The economy of Macau was not influenced much by the vigorous long reaching influence of the 207 US sub prime mortgage crisis and the instability of the financial market, according to data released by the Macau Statistics and Census Service. Driven by the rapid development of the gaming and tourism sector, investment surged substantially and local consumption remained robust, and as a result, the economic growth for 2007 was much higher than that in 2006. Macau’s GDP for 2007 was recorded as MOP153.61 billion, an increase of 27.3% in real terms and the per-capita GDP amounted to MOP292,165(approximately USD$36,357).
(Source﹕ Macau Statistics and Census Service (DSEC))