Macau’s GDP expected to exceed US$12.5 billion this year

14 November 2006

Macau, China, 14 Nov – Macau’s Gross Domestic Product (GDP) this year is expected to exceed 100 billion patacas (US$12.5 billion), Daily newspaper Ou Mun reported.

The paper reminded its readers that in 2005, Macau’s GDP totaled US$11.575 billion and that the growth rate for the first half of 2006 was 17.7 percent per year.

The driving force behind this growth has been the gaming and gambling industry with Macau for the first time overtaking Las Vegas in terms of gross revenues in the sector. (macauhub)