Macao GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Macao expanded 14.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Macao is reported by the Statistics and Census Service, Government of Macao SAR. GDP Annual Growth Rate in Macao averaged 13.74 Percent from 2002 until 2013, reaching an all time high of 51.80 Percent in the second quarter of 2004 and a record low of -9.90 Percent in the second quarter of 2009. Macao, 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 Macao’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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
14.30 10.50 51.80 -9.90 14.86 | 2014/03 2002 - 2013 Percent Quarterly

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Macao GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-15 10:00 AM Macao
GDP Growth Rate YoY
Q4 2012 8.50% 6.20% (R)
2013-05-30 09:00 AM Macao
GDP Growth Rate YoY
Q1 2013 10.8% 8.50% 7.%
2013-08-30 09:00 AM Macao
GDP Growth Rate YoY
Q2 2013 10.20% 10.80% 14.05%
2013-11-29 08:00 AM Macao
GDP Growth Rate YoY
Q3 2013 10.5% 10.20% 10.92%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 43.58 2012-12-31 36.79 43.58 1.02 44.12 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 14.30 2013-12-31 10.50 51.80 -9.90 14.86 2014-03-31 Percent [+]
GDP per capita 49755.53 2012-12-31 46123.81 49755.53 11152.27 50075.13 2013-12-31 USD [+]
GDP per capita PPP 75641.55 2012-12-31 70120.38 75641.55 16954.40 76127.43 2013-12-31 USD [+]
GDP Constant Prices 100584400.00 2013-11-15 88440500.00 100584400.00 18531800.00 97575593.44 2014-03-31 MOP THO [+]
Gross Fixed Capital Formation 18789900.00 2013-11-15 12489300.00 18789900.00 1105299.00 16041295.16 2014-03-31 MOP THO [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Macao Inflation Rate at 5.65 Percent  
The inflation rate in Macao was recorded at 5.65 percent in February of 2014. Inflation Rate in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Tourist Arrivals at 2560560.00  
Tourist Arrivals in Macao increased to 2560560 in February of 2014 from 2503609 in January of 2014. Tourist Arrivals in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Unemployed Persons at 6.80 Thousand  
The number of unemployed persons in Macao decreased to 6.80 Thousand in the fourth quarter of 2013 from 6.90 Thousand in the third quarter of 2013. Unemployed Persons in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Balance of Trade at -5349065.09 Thousand MOP  
Macao recorded a trade deficit of 5349065.09 Thousand MOP in February of 2014. Balance of Trade in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Current Account at 149493.30 MOP Million  
Macao recorded a Current Account surplus of 149493.30 MOP Million in 2012. Current Account in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Exports at 721061.03 Thousand MOP  
Exports in Macao decreased to 721061.03 Thousand MOP in February of 2014 from 935118.74 Thousand MOP in January of 2014. Exports in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Imports at 6070126.11 Thousand MOP  
Imports in Macao decreased to 6070126.11 Thousand MOP in February of 2014 from 8772420.07 Thousand MOP in January of 2014. Imports in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Changes in Inventories at 1242400.00 MOP THO  
Changes in Inventories in Macao increased to 1242400 MOP THO in the fourth quarter of 2013 from 1109700 MOP THO in the third quarter of 2013. Changes in Inventories in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Consumer Price Index (CPI) at 128.32 Index Points  
Consumer Price Index (CPI) in Macao increased to 128.32 Index Points in February of 2014 from 127.85 Index Points in January of 2014. Consumer Price Index (CPI) in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
Macao Consumer Spending at 18292600.00 MOP THO  
Consumer Spending in Macao increased to 18292600 MOP THO in the fourth quarter of 2013 from 18095600 MOP THO in the third quarter of 2013. Consumer Spending in Macao is reported by the Statistics and Census Service, Government of Macao SAR.
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