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

Macau's economy advanced 10.3 percent year-on-year in the first quarter of 2017, following a 7 percent expansion in the previous period. It is the highest growth rate since the first quarter of 2014, boosted by both exports of services (13.4 percent vs 8.2 percent in Q4), namely tourism (20.9 percent vs 8.4 percent in Q4) and gaming services (11.3 percent vs 8.1 percent in Q4) and exports of goods (9.7 percent vs -21.2 percent in Q4). Meantime, imports of goods rose at a slower 5.2 percent (recovering from a 8 percent drop in Q4) while those of services increased further (6.9 percent vs 1.6 percent in Q4). Private consumption also recovered (1.6 percent vs -0.5 percent in Q4); government spending advanced 4.8 percent (after showing no growth in Q4) and gross fixed investment surged (4.6 percent vs 0.2 percent in Q4). GDP Annual Growth Rate in Macau averaged 9.01 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 Forecast (i)
2016-11-22 08:00 AM Q3 4.0% -7.0% -6.5%
2017-02-23 11:30 AM Q4 7% 4.4% -2.1%
2017-05-29 09:00 AM Q1 10.3% 7% 8.2%
2017-08-30 09:00 AM Q2 10.3% 6.4%
2017-11-22 08:00 AM Q3 5.2%




Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 10.30 7.00 54.10 -24.40 percent [+]
GDP 46.20 55.50 55.50 1.02 USD Billion [+]
GDP Constant Prices 92061.00 92682.00 124736.00 24313.00 MOP Million [+]
Gross Fixed Capital Formation 15803.00 23437.00 26674.00 1108.00 MOP THO [+]
GDP per capita 55860.18 71307.08 73168.00 14116.27 USD [+]
GDP per capita PPP 104718.26 133675.79 137164.37 34392.27 USD [+]
Gross National Product 327640.20 378780.90 378780.90 93661.00 MOP Million [+]


Macau GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
10.30 7.00 54.10 -24.40 2002 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17