Macau GDP per capita

Macau’s per capita GDP ranks third in the world.

Macau is a small city with a population of less than 670,000 and a land area of ??less than 33 square kilometers. It has limited manpower, limited land, and limited resources. However, it is such a small city. Since its return to China in 1999, it has been governed by the principles of "one country, two systems", "Australians governing Macao" and a high degree of autonomy. After 20 years of development, its economy and people's livelihood have undergone earth-shaking changes, and it has become a A dazzling pearl on the eastern land, it shows the world the successful practice of "one country, two systems" with Macao characteristics.

GDP has increased eightfold in 20 years, and per capita GDP ranks third in the world. In the past 20 years, although Macao's economy has experienced certain fluctuations, it has generally ridden the wave of development and continued to glow with vigorous vitality. Especially in the first year after the handover, Macao's economy reversed the two consecutive years of negative growth before the handover and maintained a steady growth momentum.

Introduction to Macao

Macao has been a territory of China since ancient times. Hundreds of years of collision between Eastern and Western cultures have turned Macau into a city with unique features, leaving behind a large number of historical and cultural relics. After the founding of the People's Republic of China, the Chinese government repeatedly stated that Macao is Chinese territory and advocated resolving this historical issue through negotiation when conditions are ripe; on December 20, 1999, the Central People's Government of the People's Republic of China The government resumed the exercise of sovereignty over Macao; on July 15, 2005, the Historic Center of Macao officially became a United Nations World Cultural Heritage.

Macau implements a capitalist system. It is an international free port, a world tourism and leisure center, one of the four major gambling cities in the world, and one of the regions with the highest population density in the world. Its famous light industry, tourism, and hotel industries and casinos have made Macau prosperous and become one of the most developed and wealthy regions in the world. In 2021, Macao's GDP will reach 239.4 billion patacas.

The above content refers to Baidu Encyclopedia-Macau