The Macao Special Administrative Region is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong. Macao's economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue. China is in Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam. The climate in Macao is generally warm and foggy in spring, hot and rainy in summer, cool and clear in autumn, and cold but sunny in winter. The official languages are Chinese and Portuguese. Cantonese is the most widely spoken dialect, though Mandarin is also spoken and visitors are encouraged to use it if they can. English is the most widely spoken foreign language. Portuguese is spoken by a few residents, but is still one of the official languages and is used by the police and government offices. The main religions are Buddhism and Christianity. The economy of Macao is characterised by the policy of "one country, two systems", by which the Central People's Government is responsible for Macao's defence and foreign affairs, while Macao maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events. The territory has thriving industries such as textiles, electronics and toys, and a notable tourist industry. This makes it one of the richest cities in the world. Expatriate business dress is conservative, a lightweight suit and tie for men and a lightweight suit or equivalent for women. Expatriates should be aware that displays of emotion, such as anger, are frowned upon. If an expatriate becomes angry, their Chinese counterpart may react by laughing. This is a way of maintaining self-respect. The security risk for expatriates in Macao is low to medium. Risks include petty crime and scams, particularly in crowded areas. The currency of Macao, SAR is the Macau Pataca (MOP). Banking is on a par with that of Western Europe and North America. Medical facilities are good however costs of treatment for expatriates can be high. Dengue Fever is common. The population of Macao is 636,000 (2016 est.), while the inflation rate is 1.06% (June 2017).
Cost Of Living
The cost of living for expatriates / professional migrants in In Macao, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Macao as at 1 July 2017 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Very High 3) Communication: Very Low 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Low Macao is for example 52.6% more expensive than Houston TX for groceries, 165.1% more expensive for household costs than Kuala Lumpur, and -2% cheaper for transport costs than Dubai. The hardship premium for Macao for an expat from Perth, is for example 10%, i.e. host location (Macao) premium of 20% minus home (Perth) location premium of 10%. Macao is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Macao? Register subscribe to your home location and Macao and run your personalised reports.