Once again, thanks to the Statistics Database of DSEC, we can have a closer look at one describing factor of Macau’s economy: The establishment rate of companies vs. it’s disolving rate. As can be seen above, in the past 5 to 8 years, over minimum 2000 companies were established in Macau. The Construction industry is taking up a steady 12% of this figure (with the exception of 2005 to 2008, where that had been 20%).
Unfortunately, DSEC is not providing figures drilling deeper into the industry nature of disolving companies in Macau. It also does not provide a figure for the established base of companies per industry in Macau (against which newly founded ones could be reflected). However it does show the overall distribution of newly founded companies:
As can be seen the largest amount of newly founded companies belongs to the wholesale and retail industry, be it
- Clothes Shops
- Wine & Cigar Shops
- Jewellery Shops
As expected for the economy of Macau, manufacturing takes up only a very minor role (1%-3%) of the overall picture. Finance (23%-25%) and Real Estate (10% – 13%) are the second and third largest growing industry (in terms of newly established companies). This would be in line with the original opening statement of this diversification article.
If anyone has further sources on the above missing data, please share with me, so we can take the analysis one step deeper.