What is the most common attribute amongst the world's wealthiest countries as measured by GDP per capita (adjusted for purchasing power parity) in 2016?

Author: Jonathan Gregson
Project Coordinator: Edith Updike

3. Macao 

Current International Dollars:  87,845

The economy of this tiny former Portuguese colony that is now a special administrative region of China has always revolved around tourism, and more specifically gambling.  In 2014 Macau’s revenues dipped for the first time since casinos were liberalised twelve years earlier, as high-rolling gamblers became concerned by China’s anti-corruption plans.  The government is concentrating on attracting more recreational gamblers and building on the demand for gaming. In particular, the opening of the $4.1 billion Wynn Palace and the Sands’s $2.7 billion Parisian casino resorts over the next two months should provide opportunities for Macau’s gaming market to expand. After GDP dropped by 20.3 percent in 2015, Macau is now back on the up, Macau’s Gaming Inspection and Coordination Bureau (DICJ) recently announced that the casino gaming revenue of Asia’s premier gaming hub hit $2.3 billion in September, up 7.4% from the same month in the previous year. This continued the positive momentum from previous month, when a 1.1% revenue increase reversed 26 months of decline. In this very particular economy, GDP per capita remains one of the highest in the world.
 


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