Macao’s economy is highly reliant on gaming and tourism, contributing the majority of its GDP. Efforts to diversify into financial services and technology are ongoing but limited in impact. Government policies focus on balancing economic growth with social welfare. Regulatory frameworks are transparent and align with broader Chinese policies. Society enjoys high living standards, supported by a robust education system and accessible healthcare. Climate risks, such as typhoons, threaten infrastructure. The territory’s reliance on tourism makes it vulnerable to external shocks, as seen during the COVID-19 pandemic.