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HomeTourism NewsChina TourismMacao GDP grows for two consecutive quarters

Macao GDP grows for two consecutive quarters

Macao’s gross domestic product (GDP) increased by 32.9 percent year on year in real terms in the third quarter of 2021, the special administrative region’s (SAR) statistics department said here on Friday.

The latest report from the Statistics and Census Service (DSEC) showed that Macao’s economy has resumed positive growth for two consecutive quarters.

The implicit deflator of the GDP, which measures the overall changes in prices, rose by 1.1 percent year on year in the third quarter, showed the report.

Exports of services surged by 181.3 percent year on year, of which exports of gaming services and other tourism services soared by 302.6 percent and 303.3 percent, respectively. Exports of goods recorded a year-on-year growth of 51.4 percent.

Domestic demand edged down by 0.7 percent year on year. Imports of goods rose by 43.7 percent while imports of services went up by 16 percent.

Private consumption increased by 3 percent year on year, with household final consumption expenditure in…

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