{"id":777013642,"date":"2024-03-04T09:25:24","date_gmt":"2024-03-04T12:25:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013642"},"modified":"2026-04-22T12:24:52","modified_gmt":"2026-04-22T15:24:52","slug":"macau-gdp-up-80-5-in-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-up-80-5-in-2023","title":{"rendered":"Macau GDP up 80.5% in 2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The irse was fueled by tourism and gaming.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- The Statistics and Census Service (DSEC) has reported that Macau&#8217;s gross domestic product (GDP) rose 80.5 per cent year-on-year in real terms in 2023. That represents a recovery to over 80 per cent of 2019 levels, before the Covid-19 pandemic. Per-capita GDP for 2023 reached MOP559,495 (US$69,393).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rise attributed to the resurgence of tourism. Gaming services exports increased by 343.7 per cent and other tourism services by 121.9 per cent as\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-visitor-arrivals-up-656-in-december-2023\" target=\"_blank\" rel=\"noreferrer noopener\">visitor arrivals rose by 394.9 per cent<\/a>. Domestic consumption and investment also contributed to Macau&#8217;s economic recovery. Private consumption expenditure and gross fixed capital formation rose by 12.1 per cent and 14.7 per cent year-on-year respectively in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government final consumption expenditure saw a decline of 6.4 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, the secretary for economy and finance,\u00a0<strong>Lei Wai Nong<\/strong>, has forecast\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-to-grow-10-3-in-2024-government-says\" target=\"_blank\" rel=\"noreferrer noopener\">a growth in the GDP of 10.3 per cent<\/a>\u00a0this year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" rel=\"noreferrer noopener\">Macau GGR up 79.1% in February<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The irse was fueled by tourism and gaming.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's GDP surged 80.5% in real terms in 2023, recovering to over 80% of pre-pandemic levels, primarily driven by a 343.7% increase in gaming services exports and a 394.9% rise in visitor arrivals. This robust economic rebound was further supported by growth in domestic consumption and investment, with a projected 10.3% GDP growth for 2024.","focusai_entities":"Statistics and Census Service (DSEC), Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Gaming Vertical Impact","query":"Which specific gaming verticals or segments within Macau's GGR contributed most significantly to the 343.7% increase in gaming services exports?"},{"label":"Operator Capex Alignment","query":"How does the projected 10.3% GDP growth for 2024 influence the capital expenditure and strategic investment plans of Macau's concessionaires?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777013642","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013642"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013642\/revisions"}],"predecessor-version":[{"id":777013665,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013642\/revisions\/777013665"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}