News

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export amounted to MOP1.39 billion in November 2023, down by 1.1% year-on-year. Value of domestic exports (MOP119 million) decreased by 42.0%, of which domestic exports of Pharmaceutical products & organic chemicals and Garments reduced by 74.9% and 48.0% respectively, while those of Bread, pastry, cakes, biscuits & other bakers’ wares grew by 28.2%. Value of re-exports (MOP1.27 billion) rose by 5.9%, of which re-exports of Perfumes and Articles for casino jumped by 582.3% and 234.1% respectively, while those of Non-diamond jewellery and Machines, apparatus & parts declined by 42.2% and 31.9% respectively. Meanwhile, total merchandise import went down by 3.7% year-on-year to MOP12.49 billion; imports of Mobile phones, Watches and Beauty, cosmetic & skincare products dropped by 23.7%, 22.5% and 19.1% respectively, whereas imports of Articles for casino and Gold jewellery showed respective growth of 401.6% and 22.3%. Merchandise trade deficit totalled MOP11.10 billion in November.
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Gross National Income (GNI) refers to the total income earned by residents (including individuals and institutions) of an economy from engaging in various economic activities within or outside the economy, corresponding to Gross Domestic Product (GDP) plus total inflow of external factor income (income earned by residents from abroad), minus total outflow of external factor income (income earned by non-residents in Macao).
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In line with the development of e-government services, the Statistics and Census Service (DSEC) launchedthe “Government Statistical Questionnaires” service (hereinafter “the service”) at the “Macao One Account” today (28 December), providing the public with another secure and convenient way to respond to government surveys.
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The year 2024 marks the 25^th anniversary of Macao’s return to the motherland. In this context, the Cultural Affairs Bureau (IC, from the Portuguese acronym) launched the 2024 desk calendar with the theme of “The days when culture is with us are like the splendid day we first met” to celebrate and record the wonderful moments in cultural life with Macao residents. The calendar features 12 scenes of Macao’s cultural life created by a Macao designer and a Macao illustrator with texts by local writers, demonstrating the integration of culture and life.
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The Centre for Macau Studies and the Department of Economics of the University of Macau (UM) have released the Macroeconomic Forecast for Macao 2024, according to which Macao’s economic growth in 2024 will be between 8.3% and 21.0%, growth in exports of services will be between 10.3% and 26.7%, and the final revenue of the Macao SAR Government will remain between approximately MOP 95.3 billion and MOP 109.6 billion.
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South China Quarterly (SCQ), an arts journal edited and published by the University of Macau (UM), has recently been included in the Chinese Social Science Citation Index (CSSCI) (2023-2024), recognising its significance in academia.
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Merry Christmas
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