About Macao

Overview of Macau

Macao in Figures (2010)
Area 29.7 square kilometers
Population 552,300
GDP MOP 217,32 billion
Nominal GDP per capita USD 49,745
Visitor Arrivals 24.96 million
Value of “Trade of Goods” export MOP 6.96 billion
Value of “Trade of Goods” import MOP 44.1billion
Source: Macau Statistics and Census Service Bureau

Macao SAR is a highly autonomous administrative region of the People's Republic of China, comprising the Macao peninsula and the islands of Taipa and Coloane, situated on the west bank of the Pearl River delta and 60 km to the south west of Hong Kong.
Macao has a free market economy with sound fiscal and financial system, a simple tax regime with one of the lowest tax rates in the region and free of foreign exchange control. The city is also a free port and a separate customs territory. In addition, Macao has in place a policy to encourage and support small and medium enterprises, suitable for developing into a centre for commerce and industry.
Emerging into a New Hub for International Conventions and Exhibitions
With the rapid economic development of Macao, the gradual improvement of tourism and ancillary facilities, world-class hotels, efficient transportation and communication systems, a number of diverse and quality convention and exhibition facilities tailored to cater to different types of activities of all sizes, Macao is destined to become the new hub for international conventions and exhibitions.
Trade and Economic Service Platform for Global Networking
Macao SAR maintains close ties with the Chinese mainland as well as international organisations. Serving as a trade and economic service platform, Macao helps you exploit the markets of Mainland China, the EU, Portuguese speaking countries, South East Asia, USA and Canada, etc. Macao is closely linked to the economy of Mainland China. The burgeoning economies of the Pan Pearl River Delta have been an impetus for sustained economic growth, bringing about tremendous investment opportunities. Macao will carry on its role of promoting co-operation with neighbouring and municipalities by utilising IPIM's liaison offices in Hangzhou and Jieyang to strengthen ties with eastern and southern China. The European Union is the largest economy in the world. Macao has long standing historical ties with European countries. Centuries ago, Macao was Europe's first trading post in the Far East. Portuguese-speaking countries, comprised of Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal and East Timor, with a total population of more than 200 million, constitute a market with huge development potential, and complementary to the economic development of China. Owing to Macao's unique historical and cultural background, Macao is striving to become "a trade and economic co-operation service platform between China and Portuguese-speaking countries".