Macau GDP Annual Growth Rate  2002-2017 | Data | Chart | Calendar

Macau's gross domestic product advanced by 7 percent year-on-year in the fourth quarter of 2016, following an upwardly revised 4.4 percent expansion in the previous period, as total exports of services increased by 8.2 percent (from 2.6 percent in Q3), underpinned by the continued expansion in tourism and gaming services, and imports rose by 1.6 percent (from 6.3 percent). Meanwhile, exports of goods declined further by 21.2 percent (from -15.7 percent in Q3) and imports shrank 8 percent (from -8.7 percent). Domestic demand slipped slightly, due to a contraction in private consumption (-0.5 percent from 0.2 percent in Q3) while government spending showed no growth (from 0.1 percent) and fixed investment rose marginally (0.2 percent from 4 percent in Q3). For the whole year of 2016, the economy of Macau shrank by 2.1 percent year-on-year after a 21.5 percent drop in 2015. GDP Annual Growth Rate in Macau averaged 8.99 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)
2016-08-30 09:00 AM Q2 -7.1% -13.3% -10.8%
2016-11-22 08:00 AM Q3 4.0% -7.0% -6.5%
2017-02-23 11:30 AM Q4 7% 4.4% -2.1%
2017-05-29 07:00 AM Q1 7% 4.8%
2017-08-30 09:00 AM Q2 3.2%
2017-11-22 08:00 AM Q3 2.8%




Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.00 4.00 54.10 -24.40 percent [+]
GDP 46.20 55.50 55.50 1.02 USD Billion [+]
GDP Constant Prices 92682.00 87039.00 124736.00 24313.00 MOP Million [+]
Gross Fixed Capital Formation 23437.00 21504.00 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 327640.20 378780.90 378780.90 93661.00 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 May of 2017.

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



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.10 Mar/17
United States 2.00 Dec/16
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16