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Macao

Macau's economy enjoyed strong growth in 2009 despite the global economic slowdown, largely on the back of strong tourism and gaming sectors. After opening up its locally-controlled casino industry to foreign competition in 2001, the territory attracted tens of billions of dollars in foreign investment, transforming Macao into the world's largest gaming center. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau's gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for mor...  More..

Economy of Macao
SOURCE: CIA - The World Factbook
Currency Macanese Pataca
Fiscal Year 01 January - 31 December
GDP (PPP) $18.47 billion (2009 est.)
GDP (per capita) $33,000 (2009)
Exports $950 million (2009 est.)
Imports $4.5 billion (2009 est.)
Main Industries Tourism, Gambling, Clothing, Textiles, Electronics, Footwear, Toys
Exports - Commodities Clothing, Textiles, Footwear, Toys, Electronics, Machinery and Parts
Imports - Commodities Raw Materials and Semi-manufactured Goods, Consumer Goods (Foodstuffs, Beverages, Tobacco), Capital Goods, Mineral Fuels and Oils
Exports Partners Hong Kong 38.7%, US 17.9%, China 14.4%, Germany 4% (2009 est.)
Imports Partners China 31.1%, Hong Kong 10.8%, Japan 8.1%, France 8%, US 6.2% (2009 est.)

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