Macau’s economy grew by 7.6% year-on-year in Q4 2025, following a downwardly revised 7.3% growth in the previous quarter, in line with preliminary estimates. This marked the third consecutive month of expansion and the sharpest since the first quarter of 2024, as exports of services advanced 9.8% from 9.6% in Q3, driven by a 15.4% increase in visitor arrivals, along with gains in other tourism services (3.7%) and gaming services (18%). Gross fixed capital formation recovered (1.3% vs -25.9%), reflecting a rebound in both private and government construction investment projects. In addition, changes in inventories (-1.1% vs -3.4%) declined at a slower pace. Meanwhile, domestic expenditures weighed on the economy, with decreases in government spending (2.1% vs 6.4%) and consumer spending (0.7% vs 1.3%). For the full year, Macau’s GDP expanded by 4.7%. source: Statistics and Census Service, Government of Macao SAR

The Gross Domestic Product (GDP) in Macau expanded 7.60 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Macau averaged 8.27 percent from 2002 until 2025, reaching an all time high of 115.40 percent in the third quarter of 2023 and a record low of -66.40 percent in the second quarter of 2020. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Macau expanded 7.60 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Macau is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau GDP Annual Growth Rate is projected to trend around 4.20 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 09:00 AM
YoY Prel
Q4 7.6% 8% 7.1%
2026-02-13 09:00 AM
YoY Final
Q4 7.6% 7.3% 7.6%
2026-05-22 09:25 AM
YoY
Q1 6.8%


Related Last Previous Unit Reference
Full Year GDP Growth 4.70 8.80 percent Dec 2025
GDP Growth Rate YoY 7.60 7.30 percent Dec 2025
GDP Constant Prices 111984.00 104446.00 MOP Million Dec 2025
Gross Fixed Capital Formation 14834.00 11141.00 MOP Thousand Dec 2025
Gross National Product 390379.10 356974.70 MOP Million Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 7.30 115.40 -66.40 2002 - 2025 percent Quarterly

News Stream
Macau GDP Growth Confirmed at 7.6% in Q4
Macau’s economy grew by 7.6% year-on-year in Q4 2025, following a downwardly revised 7.3% growth in the previous quarter, in line with preliminary estimates. This marked the third consecutive month of expansion and the sharpest since the first quarter of 2024, as exports of services advanced 9.8% from 9.6% in Q3, driven by a 15.4% increase in visitor arrivals, along with gains in other tourism services (3.7%) and gaming services (18%). Gross fixed capital formation recovered (1.3% vs -25.9%), reflecting a rebound in both private and government construction investment projects. In addition, changes in inventories (-1.1% vs -3.4%) declined at a slower pace. Meanwhile, domestic expenditures weighed on the economy, with decreases in government spending (2.1% vs 6.4%) and consumer spending (0.7% vs 1.3%). For the full year, Macau’s GDP expanded by 4.7%.
2026-02-13
Macau GDP Growth Slows in Q4
Macau’s economy grew by 7.6% year-on-year in the fourth quarter of 2025, slowing slightly from an 8% expansion in the previous quarter, according to preliminary data. Despite the deceleration, this marked the second consecutive period of economic growth, driven primarily by a strong rebound in services exports, which rose 9.8% amid a surge in visitor arrivals. This increase was supported by numerous large-scale events in the Macao SAR and government initiatives aimed at attracting tourists. On the domestic demand, government spending rose 1.3%, household consumption increased 1.1%, and gross capital formation gained 0.9%. For the full year of 2025, preliminary data indicate that GDP expanded by 4.7%, easing from an 8.8% growth in 2024.
2026-01-30
Macau GDP Growth Confirmed at 8% in Q3
Macau’s economy grew by 8% year-on-year in Q3 2025, from 5.1% in the previous quarter and in line with preliminary estimates. Exports of services advanced 10.5%, driven by a 13.6% increase in visitor arrivals, with gains in other tourism services (7.4%) and gaming services (14.3%). Government spending rose by 2.7%, while consumer spending inched up 0.8%. Trade also contributed positively to the economy, with goods exports increasing by 4.5% and services exports advancing by 10.5%. Meanwhile, gross fixed capital formation dropped by 26.1%, reflecting a slowdown in both private and government construction investment projects. For the first three quarters of 2025, Macau’s GDP expanded by 4.2%.
2025-11-14