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

Macau's economy advanced 11.5 percent year-on-year in the second quarter of 2017, following a 10.3 percent expansion in the previous period. It is the highest growth rate since the first quarter of 2014, boosted by both exports of services (18.8 percent vs 13.4 percent in Q1), namely tourism (22.1 percent vs 20.9 percent) and gaming services (19 percent vs 11.3 percent). Meantime, imports of services rose 15.1 percent (compared to 6.9 percent). Private consumption also rose faster (3.4 percent vs 1.6 percent) amid stable economic conditions, slowing inflation and a favourable employment situation. On the other hand, government spending (-2.4 percent vs +4.8 percent) and gross fixed capital formation (-2.4 percent vs 4.6 percent) contracted. Considering the first half of 2017, the economy grew by 10.9 percent. GDP Annual Growth Rate in Macau averaged 9.05 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 -24.40 percent in the second quarter of 2015.

Macau GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-02-23 11:30 AM GDP Growth Rate YoY 7% 4.4% -2.1%
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%
2017-11-22 08:00 AM GDP Growth Rate YoY 11.5% 5.1%


Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 11.50 10.30 54.10 -24.40 percent [+]
GDP 44.80 45.42 55.35 1.02 USD Billion [+]
GDP Constant Prices 93105.00 92061.00 124736.00 24313.00 MOP Million [+]
Gross Fixed Capital Formation 18592.00 15803.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11.50 10.30 54.10 -24.40 2002 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17