Though economic situation “remained volatile” in 2021, Macao still has one of the highest GDP per capita in the world.
GDP
Latest results point to an increasingly rosy future for Macao’s dynamic new neighbour.
Province’s foreign trade surpassed RMB 8 trillion yuan in 2021, placing it on par with some of the world’s major economies.
Report concludes Macao needs to build a stronger economy with new growth engines through economic diversification.
Overseas investors may buy shares in start-ups and take part in private placements by listed companies, private equity and venture capital products.
Economy projected to expand in the coming year, driven by more manageable Covid-19 infections and a gradual rebound in private consumption.
Imperative for authorities to continue to adopt measures to lower public debt levels, analysts say.
GDP now stands at MOP 55.4 billion as exports show significant increase and visitor arrivals pick up after a dismal 2020.
Health and education sectors seen as key for the country’s long-development and fight against poverty.