87
November, 2020
Macau
Global:
27
Availability:
32
Cost:
21
Regulation:
57
Productivity:
4
2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15)
Region:
7
Availability:
9
Cost:
8
Regulation:
10
Productivity:
2
Remote
Readiness
5
Remote
Readiness
15
Macau borders are only open to residents of
Macau, Hong Kong, Taiwan and China.
Arrivals will require a negative test and may be
subject to 14 days of quarantine.
25.0%
8.8%
0%
30%
Macau Regional Ave.
%
of
GDP
Macau
Q4 2019* Q4 2020*
% Change
YOY
Total Workforce
390K 400K +4.7%
Unemployment Rate (%) 1.8% 2.9% +61%
Unemployed Workers 7K 12K +69%
$6.6 billion USD has been spent by Macau in response to Covid-19. Measures to protect employment and
businesses include:
• Cash transfers to eligible employees
• Cash transfers to self-employed and eligible firms provided that they didn't lay off staff
• Tax relief and loan interest reduction
• Stimulus payments to residents and additional support for vulnerable families
https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19
Manpower 2020 Total Workforce Index
Workforce Statistics
Covid-19 Situation
Covid-19 Government Spend as % of GDP Border Closures and Restrictions
Additional Government Spending and Foregone Revenue to September 2020
Covid-19 Confirmed Cases and Deaths - Worldometers
*Reported figures at Q4 each year
There haven't been any Covid-19 deaths
reported in Macau.
https://www.worldometers.info/coronavirus/
https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-
Response-to-COVID-19
Other Sources:
https://data.worldbank.org/
https://ilostat.ilo.org/
https://home.kpmg/xx/en/home/insights/
https://www.gov.uk/foreign-travel-advice
United States Embassy
https://tradingeconomics.com/
https://www.dsec.gov.mo/
