Macau GDP Annual Growth Rate  2002-2017 | Data | Chart | Calendar

Macau's economy advanced 6.1 percent year-on-year in the third quarter of 2017, following a downwardly revised 10.8 percent expansion in the previous period. The slowdown was due to high base of comparison in the third quarter of 2016 as the economy rebounded. In the third quarter, exports of goods and services (14.8 percent vs 18.8 percent in Q2), namely tourism (9.4 percent vs 22.1 percent) and gaming services (18.4 percent vs 19 percent) went up at a slower pace. Meantime, imports of services rose 12.2 percent (compared to 15.1 percent). At the same time, private consumption increased less (0.5 percent vs 2.7 percent). On the other hand, government spending (-0.7 percent vs -5.5 percent) and gross fixed capital formation (-25.1 percent vs -4.1 percent) contracted. Considering the first three quarters of 2017, the economy grew by 9.3 percent. GDP Annual Growth Rate in Macau averaged 9.09 percent from 2002 until 2017, reaching an all time high of 54.10 percent in the second quarter of 2004 and a record low of -24.60 percent in the second quarter of 2015.

Macau GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-05-29 09:00 AM GDP Growth Rate YoY 10.3% 7% 8.2%
2017-08-25 11:00 AM GDP Growth Rate YoY 11.5% 10.3% 6.4%
2017-11-23 04:15 AM GDP Growth Rate YoY 6.1% 10.8% 5.1%
2018-02-23 11:30 AM GDP Growth Rate YoY
2018-05-29 09:00 AM GDP Growth Rate YoY
2018-08-25 11:00 AM GDP Growth Rate YoY

Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.10 10.80 54.10 -24.60 percent [+]
GDP 44.80 45.42 55.35 1.02 USD Billion [+]
GDP Constant Prices 97625.00 93443.00 130322.00 25430.00 MOP Million [+]
Gross Fixed Capital Formation 17452.00 18829.00 26674.00 1108.00 MOP THO [+]
GDP per capita 51511.40 53619.50 72183.50 16448.80 USD [+]
GDP per capita PPP 96565.90 100517.80 135318.80 40365.70 USD [+]
Gross National Product 327640.20 378780.90 378780.90 93661.00 MOP Million [+]

Macau GDP Annual Growth Rate

Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.10 10.80 54.10 -24.60 2002 - 2017 percent Quarterly

GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17