Macau
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About Macau
Macau is a special administrative region of the People’s Republic of China located in Eastern Asia, bordering the South China Sea and China, covering an area of approximately 28 square kilometers. As of 2024, Macau has a population of over 644,000, with Cantonese as the dominant language spoken by 81%, alongside Mandarin, English, Tagalog, and Portuguese. The territory is generally flat with a subtropical marine climate of cool winters and warm summers. Macau operates as an executive-led limited democracy under the principle of one country, two systems.
Macau has a high-income economy with a GDP of $52.56 billion and a GDP per capita of $78,600, driven overwhelmingly by the gambling and tourism industry, which accounts for the majority of government revenue and employment. Key industries include gaming and gambling, tourism, construction, financial services, and textiles. Natural resources are negligible. Macau is known as the Las Vegas of Asia and is the only location in China where casino gambling is legal. The territory continues to develop its tourism infrastructure and diversify its economy, while maintaining its unique cultural blend of Portuguese and Chinese heritage.
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Country Name
conventional short form: Macau
official long form: Aomen Tebie Xingzhengqu (Chinese)/ Regiao Administrativa Especial de Macau (Portuguese)
official short form: Aomen (Chinese)/ Macau (Portuguese)
etymology: name derived from the Chinese ama-gao, or “Bay of Ama,” for Ama, the patron goddess of sailors
Economy
Economic Overview
high-income, Chinese special administrative region economy; known for apparel exports and gambling tourism; currency pegged to Hong Kong dollar; significant recession due to 2015 Chinese anticorruption campaign; COVID-19 further halved economic activity
