Macau GDP up 69.5 in Q2

Macau saw a rebound in the gross domestic product (GDP) in the second quarter of 2021.

Macau.- The Macau Statistics and Census Service has reported that Macau’s GDP rose by 69.5 per cent year-on-year in the second quarter of the year.

Exports of gaming services grew by 1,089.7 per cent, while tourism services were up 1,328.3 per cent. Exports of goods climbed 606.9 per cent year-on-year. According to the Statistics and Census Service, Macau’s economy grew despite activities limited due to the Covid-19 pandemic.

For full-year 2020, the economy declined by 56.3 per cent in real terms.

Authorities have recently announced that as long as the Covid-19 situation in Macau and mainland China continues to stabilise, the city will continue easing travel restrictions from September 1. Mainland China continues to be the only country to have a largely quarantine-free travel bubble with Macau. 

The government has allowed an extension for the validity of negative Covid-19 tests for people intending to enter Macau on a direct flight from mainland China from 48 hours to seven days.   

Macao Government Tourism Office director Maria Helena de Senna Fernandes has predicted Macau could receive 25,000 visitors per day during the October Golden Week.