Macau’s economy grew 32.9 percent year-on-year in Q3 of 2021, slowing from a downwardly revised 68.8 percent expansion in the previous period. Still, it was the second growth in a row, ending a more than two years of contraction. Export of services soared 181.3% from a year earlier, particularly gaming services (302.6%) and other tourism services (303.3%); and export of goods surged 51.4%. Meanwhile imports of goods rose by 43.7% whereas imports of services rose by 16%. Elsewhere inventories (34.4% vs 53.4% in Q2) and consumer spending (3% vs 12% ) slowed while government expenditure (-3.8% vs 3.1%) and gross fixed capital formation (-4.1 % vs -11.3%) declined, which capped the GDP growth. source: Statistics and Census Service, Government of Macao SAR
GDP Annual Growth Rate in Macau averaged 6.15 percent from 2002 until 2021, reaching an all time high of 68.80 percent in the second quarter of 2021 and a record low of -66.30 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 January of 2022.
GDP Annual Growth Rate in Macau is expected to be 38.00 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 5.00 percent in 2022, according to our econometric models.