Macau GDP Growth Slows to 0.1% in Q3

Macau’s economy grew by 0.1% year-on-year in the third quarter of 2026, easing from 0.3% in the previous quarter, according to preliminary estimates. The latest figure marked the weakest growth since the first quarter of 2025, as exports of gaming services fell by 4.8%, reflecting short-term adjustments in gross gaming revenue due to external environmental factors. Meanwhile, exports of other tourism services rose by 6.6%, lifted by an increase in visitor arrivals. On the domestic front, gross fixed capital formation jumped 17.2%, supported by accelerated progress in public and private construction projects.

Macau’s economy grew by 0.3% year-on-year in the second quarter of 2026, easing sharply from a 7.1% expansion in the previous period and confirming preliminary estimates. This marked the weakest growth since Q1 2025, as trade weighed on the economy, with imports of goods and services rising 10.9%, outpacing the 4.1% increase in exports. Overall exports of services slowed to 1.6% from 12.8%, weighed down by a decline in gaming services exports (-1.6% vs. 13.0%), while growth in other tourism services moderated to 3.7% from 17.5%. At the same time, domestic demand growth was weighed down by a slowdown in private consumption (2.7% vs. 3.4%) and changes in inventories (22.7% vs. 23.5%). Meanwhile, gross fixed capital formation rebounded to 4.0% from -21.0%, as investment activity strengthened in the private sector (8.1% vs. -24.3%) and the public sector (-2.9% vs. -14.8%).

Macau’s economy grew by 0.3% year-on-year in the second quarter of 2026, easing sharply from a 7.1% expansion in the previous quarter, according to preliminary estimates. Despite the slowdown, it marked the fifth consecutive quarter of economic growth, driven largely by a 7.2% increase in services exports amid a 13.9% year-on-year surge in visitor arrivals. On the domestic front, private consumption expenditure continued to grow steadily, rising 2.8% from a year earlier. Meanwhile, government spending fell 4.8%, while gross fixed capital formation declined sharply by 21.9%.