Macau
Macau's economy is based largely on tourism, including gambling, and textile and fireworks manufacturing. Efforts to diversify have spawned other small industries, such as toys, artificial flowers, and electronics. The clothing industry has provided about three-fourths of export earnings, and the gambling industry is estimated to contribute more than 40% of GDP. More than 8 million tourists visited Macau in 2000. Although the recent growth in gambling and tourism has been driven primarily by mainland Chinese, tourists from Hong Kong remain the most numerous. Recently gang violence, a dark spot on the economy, has significantly declined, to the benefit of the tourism sector. During the last four years, the average growth rate of the economy has been approximately 10% per year.
- This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy of Macau".