Macau GDP Annual Growth Rate  2002-2016 | Data | Chart | Calendar

Macau GDP expanded 4.0 percent year-on-year in the three months to September of 2016, following a 7 percent contraction in the second quarter. It was the first period of growth since the June quarter 2014, as external demand improved and domestic demand recovered. In the third quarter, exports of gaming services rose 0.2 percent from a year earlier while those of other tourism services went up 6.5 percent. Private consumption expenditure and gross fixed capital formation grew by 0.3 percent and 2.3 percent, respectively. In contrast, government expenditure fell 1.3 percent. Considering January to September 2016, the economy contracted by 5.4 percent. GDP Annual Growth Rate in Macau averaged 9.02 percent from 2002 until 2016, reaching an all time high of 54.10 percent in the second quarter of 2004 and a record low of -24.40 percent in the second quarter of 2015.

Macau GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-30 09:15 AM Q1 -13.3% -14.4% -11.5%
2016-08-30 09:00 AM Q2 -7.1% -13.3% -10.8%
2016-11-22 08:00 AM Q3 4.0% -7.0% -6.5%
2017-03-06 09:00 AM Q4 4.0% -2.1%
2017-05-30 09:15 AM Q1
2017-08-30 09:00 AM Q2




Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.00 -7.00 54.10 -24.40 percent [+]
GDP 46.20 55.50 55.50 1.02 USD Billion [+]
GDP Constant Prices 86701.00 79656.00 124736.00 24313.00 MOP Million [+]
Gross Fixed Capital Formation 21166.00 18218.00 26674.00 1108.00 MOP THO [+]
GDP per capita 55860.18 71307.08 73168.00 14116.27 USD [+]
GDP per capita PPP 104718.26 133675.79 137164.37 34392.27 USD [+]
Gross National Product 371610.70 346972.30 371610.70 91503.00 MOP Million [+]



Macau GDP Annual Growth Rate Notes

Macau, 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 Macau’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. Macau GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 -7.00 54.10 -24.40 2002 - 2016 percent Quarterly



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