Macau GDP Growth Slowest in 1½ Years

2026-11-13 08:50 By Kyrie Dichosa 1 min. read

Macau’s economy expanded by 0.1% year-on-year in the third quarter of 2026, confirming preliminary estimates and easing from an upwardly revised 0.5% growth in the previous period.

This marked the weakest economic expansion since a contraction in the first quarter of 2025, as household consumption growth slowed sharply (0.7% vs. 2.5% in Q2), while government spending declined (-1.5% vs. 3.5%).

Net trade also weighed on GDP, as exports rose by just 0.4%, partly dragged down by a decline in gaming services exports (-4.7%), while imports climbed by 4.6%.

On the other hand, growth accelerated in gross fixed capital formation (17.3% vs. 10.0%), amid higher investment in both the private (+14.9%) and government (+22.1%) sectors.

For the first three quarters of the year, Macau’s GDP expanded by 2.9%, as private consumption expenditure grew by 2.7% and gross fixed capital formation rose by 4.6%.

Meanwhile, government final consumption expenditure decreased by 0.2%.



News Stream
Macau GDP Growth Slowest in 1½ Years
Macau’s economy expanded by 0.1% year-on-year in the third quarter of 2026, confirming preliminary estimates and easing from an upwardly revised 0.5% growth in the previous period. This marked the weakest economic expansion since a contraction in the first quarter of 2025, as household consumption growth slowed sharply (0.7% vs. 2.5% in Q2), while government spending declined (-1.5% vs. 3.5%). Net trade also weighed on GDP, as exports rose by just 0.4%, partly dragged down by a decline in gaming services exports (-4.7%), while imports climbed by 4.6%. On the other hand, growth accelerated in gross fixed capital formation (17.3% vs. 10.0%), amid higher investment in both the private (+14.9%) and government (+22.1%) sectors. For the first three quarters of the year, Macau’s GDP expanded by 2.9%, as private consumption expenditure grew by 2.7% and gross fixed capital formation rose by 4.6%. Meanwhile, government final consumption expenditure decreased by 0.2%.
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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.
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