The preliminary figure for Macao’s gross domestic product (GDP) grew by 5.1 percent year-on-year in real terms to 100.38 billion patacas (US$12.4 billion) in the second quarter, according to figures from the Statistics and Census Service (known by its Portuguese initials DSEC)
A government statement said growth was “driven by a strong recovery in exports of services, supported by surging visitor arrivals amid government efforts to boost visitation, alongside steady domestic private consumption.”
The latest GDP figure represents 88.8 percent of the figure recorded in the same quarter of pre-pandemic 2019.
Analysed by component, total exports of services increased by 5.8 percent year-on-year in real terms in the second quarter, fuelled by a nearly 20 percent rise in visitor arrivals.
[See more: Tourism is up almost 15 percent year-on-year in the first half of 2025]
Government final consumption expenditure and private consumption expenditure registered respective growth of 1.1 percent and 0.3 percent. However, gross fixed capital formation declined by 3.6 percent owing to a decrease in private construction projects.
For the first half of 2025, the preliminary figure for GDP has expanded by 1.8 percent year-on-year in real terms to 200.14 billion patacas (US$24.7 billion). The overall economic output corresponded to 87 percent of the total in the same period of 2019.
Detailed results of the revised GDP for the second quarter of 2025 will be released on 15 August, the DSEC says.
