Travel Guide
Macau City Travel Guide
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Macau’s official currency is the Macau Pataca (MOP), which is equivalent to 0.12 dollars (as of late 2017). The Hong Kong Dollar (HKD) is also in circulation in Macau. Macau is a free port and global trade is a huge part of its current economy. Taxation is low and foreign investments are encouraged. The gaming industry opened in 2002, and since then the gaming casinos have grown to become a major part of Macau’s economy. Macau’s other areas of economy are insurance, finance, and real estate. Macau has been transformed into a leading global tourism destination owing to its large investments in resort and entertainment projects. The city enjoys a relatively high GDP; 70% of all employment belongs to service areas such as hospitality and entertainment.
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