Macau GDP Annual Growth Rate  2002-2018 | Data | Chart | Calendar

The economy of Macau advanced 6 percent year-on-year in the second quarter of 2018, easing from a 9.2 percent rise in Q1. It was the weakest GDP expansion since Q3 2016. Exports of services increased at a softer 13% (from 16% in Q1) due to a slowdown in sales of gaming services (13.7% from 16.5%). Contrarily, exports of goods surged 30% (from 12.8%) and imports rose 12.7% (from 14.4%). Also, investment fell further (-11.9% from -1.9%) as private investment in fixed assets dropped 18.9% following the completion of large-scale tourism and entertainment facilities and residential buildings; private construction investment decreased by 22% while equipment investment increased by 7.4%. Government investment in fixed assets rose by 28.9% amid a huge investment in infrastructure; public construction and equipment investments grew 21.8% and 154.7% respectively. Finally, private consumption went up 5.3% (from 4.8%) and government spending increased 5.1% (from 2.2%). GDP Annual Growth Rate in Macau averaged 9.04 percent from 2002 until 2018, 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
2018-02-28 10:50 AM GDP Growth Rate YoY 8% 6.3% 6.3%
2018-05-29 08:25 AM GDP Growth Rate YoY 9.2% 8% 8%
2018-08-24 10:00 AM GDP Growth Rate YoY 6% 9.2% 8%
2018-11-23 04:15 AM GDP Growth Rate YoY 6% 5.9%


Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.00 9.20 54.10 -24.60 percent [+]
GDP 50.36 44.80 55.35 1.02 USD Billion [+]
GDP Constant Prices 100133.00 103062.00 131548.00 25647.00 MOP Million [+]
Gross Fixed Capital Formation 17208.00 17616.00 26674.00 1108.00 MOP THO [+]
GDP per capita 55936.80 52144.00 72183.50 16449.00 USD [+]
GDP per capita PPP 104861.90 97751.70 135318.80 40365.30 USD [+]
Gross National Product 329498.00 332959.00 385433.00 182221.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.00 9.20 54.10 -24.60 2002 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Mexico 2.60 Jun/18
Singapore 2.60 Sep/18
Spain 2.50 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
Saudi Arabia 1.61 Jun/18
Italy 1.20 Jun/18
United Kingdom 1.20 Jun/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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