In the second quarter of this year, Macau's GDP grew by 5.1%.
In the second quarter of 2025, the preliminary value of Macau's gross domestic product (GDP) was 100.38 billion Macau patacas, a real increase of 5.1% year-on-year, with the overall economic scale recovering to 88.8% of the same period in 2019.
On July 31, data from the Statistics and Census Service of Macao showed that due to a series of measures attracting tourists, the number of visitors to Macao in the second quarter of this year recorded a significant increase, leading to a noticeable recovery in service exports. In addition, local private consumption in Macao continued to remain stable, resulting in the economy returning to positive growth. The preliminary GDP for the second quarter of 2025 was 100.38 billion Macao patacas, a real increase of 5.1% compared to the same period last year, with the overall economic size recovering to 88.8% of the level in the same period in 2019.
In terms of the major components, the overall service exports increased by 5.8% year-on-year driven by a nearly 20% increase in the number of visitors to Macao in the second quarter. In terms of domestic demand, Macao government final consumption expenditure and private consumption expenditure also increased by 1.1% and 0.3% respectively. On the other hand, due to a decrease in private construction projects, the total fixed capital formation decreased by 3.6%.
In the first half of this year, the preliminary GDP for Macao was 200.14 billion Macao patacas, a real increase of 1.8% year-on-year, with the economic output recovering to 87.0% of the level in the same period in 2019.
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