Report concludes Macao needs to build a stronger economy with new growth engines through economic diversification.
gross domestic product
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.
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.
However, figures show a marked improvement from the final months of 2020, while exports of services are growing again.
In the government’s latest estimate, Macao’s gross domestic product (GDP) is expected to fall around 56% this year, adding that while the estimate “will be constantly adjusted” the government predicted this year’s economy would contract over 50%.
Gaming and junket activities’ share of Macao’s gross domestic product rose by 0.2 percentage points from 50.7 per cent in 2018 to 50.9 per cent last year.
Macao’s gross domestic product (GDP) dropped by 63.8% year-on-year in real terms in the third quarter of this year.