Macau, China, Aug. 15, 2025 (Lusa) - Macau's gross domestic product (GDP) grew 5.1% year-on-year in the second quarter of the year, supported by an increase in visitors to the territory, the authorities announced on Friday.
GDP reached 100.39 billion patacas (€10.7 billion) in the second quarter, “equivalent to 88.8% of the economic volume for 2019”, the Statistics and Census Bureau (DSEC) said in a statement.
Macau, which, like China, followed a “zero covid” policy during the Covid-19 pandemic, lifted most of the prevention and containment measures at the beginning of 2023, after almost three years of strict restrictions that had an impact on the territory's economy.
In the second quarter of 2025, the economy "returned to growth, due to the number of visitors having increased significantly, who were attracted by a series of measures, and [private] consumption expenditure remaining stable," reads the same note.
Overall exports of services, DSEC said in the statement, increased by 6% year-on-year, “as the number of visitors entering the Macau SAR [Special Administrative Region] rose by around 20% in the second quarter of this year”.
Exports of other tourist services rose by 5.9% and gambling services by 9.9%.
Concerning foreign trade in goods, in the second quarter exports and imports of goods fell by 6.6% and 4.1% respectively, compared to the same period in 2024.
In terms of domestic demand, in the quarter under review, government final consumption expenditure and private consumption expenditure increased by 1% and 0.3%, respectively, in annual terms.
"Gross fixed capital formation fell by 3.7%, due to a decrease in the number of private construction projects, despite year-on-year increases of 11.7% in private sector investment in equipment, 19.9% in public sector investment in construction and 83% in public sector investment in equipment," the directorate's report also states.
Looking at the six months, GDP rose by 1.8% in the first six months of the year, compared to the same period last year.
Exports of services, government final consumption expenditure, private consumption expenditure, and gross fixed capital formation rose by 1%, 1.1%, 0.3%, and 1.8%, respectively, compared to the first half of 2024.
During this period, the implicit GDP deflator, which measures the overall change in prices, fell by 0.5% year-on-year, DSEC also said.
CAD/ADB // ADB.
Lusa
