Balance of payments surplus hits MOP30.1 bln last year

2013-8-23

From：Macau Business

The surplus in Macau’s balance of payments was MOP30.1 billion (US$3.77 billion) last year, the Monetary Authority of Macau says.

The balance of payments is the sum of the economy’s transactions with the rest of the world.

The authority says the deficit in merchandise trade grew to MOP70.3 billion from MOP62.4 billion in 2011.

Imports rose by 14 percent, largely in response to demand from tourists. Exports rose by 24.1 percent.

The current account, which includes the value of “invisible trade” such as tourism, had a surplus of MOP152 billion.

Copyright@Macau Business