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Macau GDP growth quickens to 24 pct in Q2

Macau, China, 31 Aug – The growth of Macau ’s gross domestic product (GDP) quickened to 24 percent year-on-year in real terms in the second quarter, after rising 21.6 percent in the previous quarter, The Macau Post Daily reports today, citing data released by the Statistics and Census Bureau yesterday. For the first half of […]

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UPDATED: 22 Dec 2023, 5:54 am

Macau, China, 31 Aug – The growth of Macau ’s gross domestic product (GDP) quickened to 24 percent year-on-year in real terms in the second quarter, after rising 21.6 percent in the previous quarter, The Macau Post Daily reports today, citing data released by the Statistics and Census Bureau yesterday.

For the first half of this year, GDP increased 22.9 percent year-on-year in real terms.

In the second quarter, exports of gaming services leapt 39 percent, investment rose 23.1 percent and private consumption expenditure increased 11.3 percent.

However, visitors’ non-gaming expenditure rose just 5.9 percent and merchandise exports dropped 8.2 percent.

At current prices, GDP stood at 69.78 billion patacas in the second quarter, compared to 61.09 billion patacas in the previous quarter, amounting to a quarter-on-quarter nominal growth of 14.2 percent. In real terms, GDP grew 12.6 percent in the second quarter over the previous quarter.

Last year’s GDP reached a record 214.9 billion patacas, up 26.4 percent. (MacauNews/Politics)

UPDATED: 22 Dec 2023, 5:54 am

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