X-Explanatory Notes on Main Statistical Indicators

Gross Domestic Product (GDP) Reflects the total of goods produced and services provided annually in the territory of Macao. The GDP in this statistical yearbook is estimated by using the expenditure and production approaches. The expenditure-based GDP is measured as the sum of private consumption expenditure, government final consumption expenditure, gross fixed capital formation, changes in inventories, and net export of goods and services (exports less imports). The production-based GDP, which is measured as the sum of gross value added of all economic activities, can be used to evaluate the structure of the industrial sectors in Macao.

Infant Mortality Rate Deaths of infants under one year old per 1,000 live births.

Natural Growth Rate Excess of births over deaths per 1,000 inhabitants.

Crude Birth Rate Live births per 1,000 inhabitants.

Crude Mortality Rate Deaths per 1,000 inhabitants.

Regular Education Systematic academic programmes designed for children and juveniles to access / progress from pre-primary education to university.

Pre-primary Education Composed of 2 stages: infant education, equivalent to the first and second year of pre-primary education, and the preparatory year for access to primary education or the third year of pre-primary education

(1)Infant Education Designed for children aged between 3-4 years old. Children aged 3 as at 31^st December of the year of enrolment are eligible. No knowledge tests are required for progression.

(2)Preparatory Classes to Primary Education Designed for children of 5 years old as at 31^st December of the year of enrolment. Progress examination is a pre-requisite for advancement access. This type of preparatory class is also called the third year of pre-primary education in some educational institutes.

Primary Education Lasts for 6 years. Children completed the preparatory class or of 6 years old as at 31^st December of the year of enrolment are eligible to the first year of primary education. The maximum age for primary education is 15. In the Portuguese education system, it is composed of 2 parts : 4 years of 揚rimary education”and 2 years of“Preparatory classes to secondary education.

Secondary Education It is divided into 2 stages: Junior secondary and senior secondary. Pre-university courses are also considered secondary education.

(1)Junior Secondary Education For a duration of 3 years. Students successfully completed the primary education are eligible. The maximum age for this level is 18 years old. However, under certain circumstances, the educational institutes can exercise their discretion to accept enrolment beyond the age limit.

(2)Senior Secondary Education For a duration of 2-3 years. Students successfully completed the junior secondary level are eligible. The maximum age for this level is 21. However, under certain circumstances, the educational institutes can exercise their discretion to accept enrolment beyond the age limit.

Vocational Technical College The 5-years programmes offered by the vocational secondary colleges.

Higher Education Degree or non-degree programmes offered by universities, polytechnic institutes or equivalent.

Special Education Programmes designed for students with mental, hearing and physical problems.

Adult Education Practical programmes or courses, outside the formal education, organized for general participants. Usually, the students are 15 years old or above.

Active Population (Labour Force) Individuals aged 14 or over who, during the reference period, are available to participate in the production of goods and/or services. This comprises both the employed population and the unemployed population.

Employed Population Individuals aged 14 or over who have worked for at least 1 hour during the reference period, for pay, profits or family gain in cash or in kind. It also includes individuals who have a job and are absent from work but maintain a formal job attachment, and owners of a company, temporarily not at work because of specific reasons.

Unemployed Population Individuals aged 14 or over who, during the reference period, do not have a job or formal job attachment, but are available to work for pay or run a business at any time and have sought work during the last 30 days.

Underemployed Population Employed population, irrespective of the status in employment, who have worked involuntarily for less than 35 hours during the reference period, but are available for or have sought additional work.

Labour Force Participation Rate The proportion of labour force in the population aged 14 and over.

Unemployment Rate The proportion of unemployed in the labour force.

Underemployment Rate The proportion of underemployed in the labour force.

Visitor Any person traveling to Macao other than his/her usual environment for less than 3 consecutive months and whose main purpose of travel is other than the exercise of an activity remunerated from within Macao.

Hotel Occupancy Rate Number of rooms occupied by guests over total number of available rooms, expressed in percentage.

Imports The entry of any commodities into the Territory, except Reimports and Direct Transit.

Exports The outgoing from the Territory of any commodities, excluding Temporary Exports and Direct Transit.

Domestic Exports The outgoing from the Territory of any commodities with the origin of Macao.

Reexports The outgoing from the Territory of any commodities previously imported, without any transformation, or even with transformation, the commodities did not qualify for the origin of the Territory.

Direct Transit Commodities passing through or transhiped in the Territory for the exclusive purpose of transportation and with their next destination mentioned in the attached documents.

Country of Origin The country or territory where the crops were grown, the minerals were mined and the articles were manufactured wholly or partly. If partly, the origin is considered the country or territory responsible for the last phase of manufacture before the merchandise took its final form. Repacking, sorting or mixing is not considered a manufacture operation.

Country of Destination The final country or territory to which the goods are delivered, whether or not the transport has been interrupted, and without any commercial transaction in the transit country or territory.

Terms of Trade Index The ratio of the unit value index for exports to that of imports.

Housing Unit Division(s) or annex of a permanent building. Each housing unit has independent entrance to access to the common area of the building, can be legally registered with the property registry and can be independently transacted.

Gross Floor Area The sum of the area of each floor of the building measured to the outer surface of the outer walls including the area of lobbies, lift landings and communal space (shared by 2 or more housing units).

Consumer Price Index Reflects the price change of a representative basket of goods and services consumed by families of Macao, excluding rent.

Money Supply (M1) Refers to the sum of currency in circulation, demand deposits and savings deposits.

Money Supply (M2) Refers to the sum of money supply M1 and quasi-monetary liabilities that consist of time deposits, notice deposits and certificates of deposits.

Financial Transactions Comprise financial assets and financial liabilities.