{"id":777023569,"date":"2025-03-03T10:20:58","date_gmt":"2025-03-03T13:20:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023569"},"modified":"2026-04-22T01:16:06","modified_gmt":"2026-04-22T04:16:06","slug":"macau-gdp-up-8-8-per-cent-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-up-8-8-per-cent-in-2024","title":{"rendered":"Macau GDP up 8.8 per cent in 2024"},"content":{"rendered":"\n

Exports of gaming services rose by 21.8 per cent.<\/p>\n\n\n\n\n\n\n\n

Macau.- The Statistics and Census Service (DSEC) <\/strong>has reported that Macau\u2019s gross domestic product (GDP)<\/strong> rose by 8.8 per cent year-on-year<\/a> to MOP403.31bn (US$50.35bn) in 2024. That represents 86.4 per cent of 2019 levels, before the Covid-19 pandemic.<\/p>\n\n\n\n

Exports of services increased by 9.2 per cent year-on-year as\u00a0visitor arrivals rose by 23.8\u00a0 per cent<\/a>. Exports of gaming services rose by 21.8 per cent; however, exports of other tourism services fell by 6.1 per cent due to a high comparison base in 2023. The figure was up by 13 per cent when compared to 2019. Merchandise trade, exports and imports of goods decreased by 14.5 per cent and 7.6 per cent respectively.<\/p>\n\n\n

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The report says that domestic demand grew by 2.3 per cent year-on-year. Meanwhile, private consumption expenditure and gross fixed capital formation rose by 4.9 per cent and 4.6 per cent year-on-year, respectively, and government final consumption expenditure dropped by 5.1 per cent.<\/p>\n\n\n\n

In the fourth quarter of the year, Macau\u2019s GDP expanded by 3.4 per cent in real terms from the prior-year period. Economic output stood at 88 per cent of the same quarter of 2019. Domestic demand and exports of services increased by 2.8 per cent and 2.1 per cent respectively.<\/p>\n\n\n\n

The University of Macau expects GDP to rise in 2025<\/h2>\n\n\n\n

The University of Macau (UM)<\/strong>\u00a0has forecast that\u00a0Macau\u2019s GDP\u00a0<\/strong>could grow by 7.7 per cent this year, despite global economic uncertainties. The report forecasts a 7.6 per cent rise in exports of services and a 3.1 per cent rise in private consumption expenditure. The inflation rate is expected to remain at 1.1 per cent and the overall unemployment rate at 1.8 per cent, with the unemployment rate for locals at 2.3 per cent. Analysts forecast government revenue to reach MOP111.8bn (US$14bn).<\/p>\n","protected":false},"excerpt":{"rendered":"

Exports of gaming services rose by 21.8 per cent.<\/p>\n","protected":false},"author":176,"featured_media":777013109,"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 increased by 8.8% year-on-year in 2024, reaching 86.4% of pre-pandemic levels, primarily driven by a 21.8% rise in exports of gaming services and a 23.8% increase in visitor arrivals. The University of Macau forecasts a further 7.7% GDP growth for 2025, with continued expansion in service exports and private consumption.","focusai_entities":"Statistics and Census Service (DSEC), University of Macau (UM)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Gaming GGR Outlook?","query":"Given the 21.8% rise in gaming services exports, what is the projected Gross Gaming Revenue (GGR) growth for Macau's concessionaires in 2025, factoring in the University of Macau's GDP forecast?"},{"label":"Visitor Mix Impact?","query":"How does the 23.8% increase in visitor arrivals, coupled with the decline in other tourism services exports, impact the revenue mix and profitability margins for integrated resorts in Macau?"}],"footnotes":""},"categories":[16338,163,24628],"tags":[23906],"class_list":["post-777023569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023569","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=777023569"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023569\/revisions"}],"predecessor-version":[{"id":777023594,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023569\/revisions\/777023594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777013109"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}